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Institutions set to boost digital asset allocations to 16% by 2028: State Street

A State Street report reveals that institutional investors are increasing their investments in digital assets, such as blockchain and AI technologies. Currently, digital assets represent about 7% of institutional portfolios, expected to rise to 16% by 2028. Most holdings consist of stablecoins and tokenized equities, with cryptocurrencies like Bitcoin and Ethereum cited as top performers by 27% and 21% of respondents, respectively. The survey, conducted with Oxford Economics, included over 300 institutional investors, highlighting that while digital assets may become mainstream, many remain cautious about the speed of adoption. Nearly half (52%) expect 10% to 24% of investments to utilize digital or tokenized instruments by 2030. Additionally, the study underscores the importance of blockchain and AI in digital transformation strategies. Almost 29% of respondents view blockchain as essential, though there is skepticism regarding the full replacement of traditional finance systems. Only 14% believe that digital investment systems will entirely supplant traditional trading and custody operations.

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Bitwise's Solana ETF Draws $69.5M on Debut, Outpacing Rival Fund's Launch

Bitwise Asset Management's newly launched Solana ETF, BSOL, achieved $69.5 million in inflows on its debut Tuesday, significantly outperforming its rival, the Rex-Osprey Solana Staking ETF, which garnered $12 million. BSOL's strategy of direct staking positions it favorably, allowing it to provide a full staking

DeFi News: sUSDe Loop Trades Worth $1B at Risk

The recent Bitcoin crash on October 10 has jeopardized nearly $1 billion in DeFi positions involving Ethena's staked USDe (sUSDe), according to a report from Sentora Research. Following the market downturn, yields on leveraged strategies such as the sUSDe loop trade have turned negative. This strategy typically involves

Asia Morning Briefing: BTC Holds Ground as Traders Sit on Stablecoins Before Fed Decision

In early Asia trading, Bitcoin steadied around $112,100, reflecting a slight 1.8% decrease over the past 24 hours but a notable 3.4% increase for the week. Traders are notably cautious ahead of the Federal Reserve's impending rate decision. Gold has dipped to a three-week low

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