Bitcoin Magazine

VanEck Launches All-in-One Wealth Builder ETF With Bitcoin Exposure

VanEck launched the Wealth Builder ETF today, trading on the NYSE under the ticker WBMO. The actively managed fund packages the firm’s Wealth Builder model portfolios, which advisers have used through third-party platforms, into one product anyone with a brokerage account can buy. 

VanEck, which oversees about $244 billion in assets, selects the holdings, sets the weights and rebalances the portfolio.

VanEck describes the product as a way to “gain exposure to a broad mix of investments across stocks, bonds, gold, and bitcoin with a single ETF purchase.” The fund holds global stocks, bonds, gold and other real assets. 

Its bitcoin exposure is indirect. WBMO owns no bitcoin. A wholly owned Cayman Islands subsidiary holds certain investments and gains digital asset exposure through exchange-traded products, which are funds that hold bitcoin or track it. 

The subsidiary is generally capped at 25% of total assets at each quarter-end, but that limit covers several asset categories. The prospectus sets no specific bitcoin target. Investors do not need a wallet, seed phrase or exchange account to hold the bitcoin slice. They also cannot control the bitcoin position directly.

JUST IN: $200 billion VanEck includes Bitcoin exposure in their new Wealth Builder ETF

"This fund brings Bitcoin to investors who want one simple diversified holding" pic.twitter.com/dLhGu8VrWy

— Bitcoin Magazine (@BitcoinMagazine) October 27, 2026

Details of VanEck’s fund

The fund’s gross expense ratio is 0.33%. A 0.07% fee waiver brings the net ratio to 0.26%. The underlying bitcoin products charge their own fees.

The allocation also limits the swings. If bitcoin rises sharply, WBMO captures only part of the gain. If it falls, bonds and gold should cushion some of the loss, though not prevent it.

VanEck warned in its announcement that digital asset ETPs can be extremely volatile and that some are not registered under the Investment Company Act of 1940, which means they lack certain investor protections.

The firm’s other crypto-linked fund, NODE, raised its bitcoin ETP exposure from about 7% at the end of June to 16.8% at the end of September. NODE holds blockchain companies rather than WBMO’s mix, but it shows how VanEck is using crypto in its portfolios.

Earlier this fall, VanEck’s Head of Digital Assets Research, Matthew Sigel, said the Bitcoin community recognized the risks quantum computing posed to Bitcoin’s cryptography. 

“It’s a risk,” Sigel said at the time. “But the community has recognized the scope of the issue. There’s a lot of talent that’s now come together with a framework of how to upgrade the system…The upgrades don’t happen as fast because there’s no CEO who can tell the devs, ‘hey, do it now.’ There’s a governance process — it takes more time, it’s a little bit messier, but there are technological paths for quantum resistance, and I think you’ll see more of that over the next couple of years.”

Major companies, including Coinbase and Blockstream, had begun developing quantum-resistant security measures to prepare for future threats. 

A Bitcoin Security Consortium, including BlackRock, Fidelity Digital Assets, and Block, had also been formed to fund open-source security initiatives, including proposals such as BIP-360.

This post VanEck Launches All-in-One Wealth Builder ETF With Bitcoin Exposure first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Vanguard’s FTSE All-World ex-US Small-Cap ETF (VSS) has reportedly acquired 4.5 million shares in Japanese Bitcoin treasury company Metaplanet, with the position valued at approximately $7.5 million. According to an October 26 update from Bitcoin Treasuries, the purchase represents the…

Franklin Templeton moves closer to launching two stock dividend ETFs that build Bitcoin exposure, with annual fees of 0.09% and 0.19%.

Bitcoin price falls below $80,000 as liquidations and ETF outflows weigh on BTC, with the Fed decision and options expiry approaching this week.

U.S. spot Bitcoin funds have swung from $524.8 million in net inflows on October 21 to $635.6 million in outflows on October 22, followed by another $137.9 million in withdrawals on October 23. Farside Investors’ fund-by-fund table shows the turn…

TL;DR: Farside’s preliminary figures show US Bitcoin funds retaining a $301.2 million weekly inflow despite two days of withdrawals. Ether funds were down $220.7 million for the week; Friday’s tables still contained missing entries.

US spot Bitcoin funds gave back much of their early-week buying by Friday, leaving a smaller positive balance in the latest available data. The reversal makes the week’s total more informative than either the strong opening sessions or the withdrawals that followed.

Farside Investors’ table, checked on October 24, showed net outflows of $137.9 million for Friday after $635.6 million on Thursday. Together, those two sessions removed $773.5 million. Monday through Wednesday had attracted $1.0747 billion, leaving a provisional five-session inflow of $301.2 million.

Ether’s Friday inflow leaves the week underwater

Friday’s Bitcoin withdrawals were concentrated in BlackRock’s IBIT and Fidelity’s FBTC, at $110.3 million and $31.8 million respectively. Morgan Stanley’s MSBT recorded a $4.2 million inflow.

The Ether fund table showed a different balance. Friday’s reported inflow of $4.4 million followed a $110.6 million withdrawal on Thursday. Adding the five daily totals gives a provisional weekly outflow of $220.7 million. The small final-session gain therefore did little to offset the earlier redemptions.

Both calculations need a qualification: Farside still displayed a dash for VanEck’s Friday entry in each table when checked. The published totals should be treated as incomplete snapshots. A dash has not been converted into a confirmed zero in the underlying data, and subsequent updates could change the weekly figures.

Flows describe fund demand, with limits

The comparison suggests demand through these listed vehicles was more resilient for Bitcoin than Ethereum over this particular week. It does not establish who was buying, how long they intend to hold, or what happened across every other route into the crypto market.

The SEC’s general explanation of ETF mechanics distinguishes trading existing shares from creating or redeeming fund shares. Investors can trade with one another during a session without every transaction producing a corresponding change in the fund’s assets. Turnover and net flows answer different questions.

That distinction also matters when interpreting blockchain transfers. A transfer involving a custodian is not, on its own, a complete account of investors’ subscriptions and redemptions. Fund-flow data, share counts and custody movements need to be read in their own context.

For the next trading week, the useful question is whether fresh subscriptions can rebuild the demand lost in the last two sessions. A positive weekly balance leaves that possibility open, but the late reversal gives little support to treating institutional demand as a steady, one-directional buyer.

Written by the News Desk and edited by Samuel Rae.

Bitcoin ETF flows track recent price moves more closely than subsequent ones, according to DWF Labs research published October 22. The findings challenge a familiar shortcut: treating a large daily inflow as a forecast.

TL;DR: DWF finds Bitcoin ETF flows track past returns more closely than future returns.

The study examined 694 trading days through October 16, using aggregate U.S. spot ETF flows from Farside and Coinbase BTC-USD prices. It reported a correlation of 0.54 with the preceding five-day return, compared with 0.03 for the following five days.

The distinction is between observing demand and forecasting returns. Two series moving together does not show which caused the movement. A relationship with earlier prices may be useful for interpreting investor behavior without supplying a reliable rule for what happens next.

An ETF Purchase Can Have A Hedge Attached

Interpreting the economic motive behind a flow requires more than its direction. CME Group’s explanation of crypto basis trading describes how an investor can buy a spot ETF and sell futures at the same time when futures trade at a premium.

The position aims to capture the difference between the two prices as they converge. Its combined exposure can therefore be substantially different from buying Bitcoin outright in anticipation of a higher price. Financing, trading costs and the terms of the hedge affect the outcome.

CME also notes that several large spot Bitcoin ETFs and its futures use related reference-rate benchmarks. That alignment helps institutions pair the two sides. An observed ETF purchase can consequently belong to a trade whose full risk position is invisible in the fund-flow total.

Creation Data Is Only Part Of The Picture

The plumbing changed during the study period. In July 2025, the SEC permitted in-kind creations and redemptions for crypto exchange-traded products by authorized participants. That allows qualifying transactions to use the underlying assets instead of requiring cash. It does not give every retail shareholder a direct redemption right.

These mechanics make fund flows useful evidence of changes inside an exchange-traded wrapper, while leaving questions about investor intent and transactions elsewhere. Holdings under fund custody reveal only one part of a participant’s total position.

A near-zero forward correlation should be read narrowly. It does not prove that ETF activity can never move Bitcoin’s price, or rule out effects within a trading day. Daily observations cannot, by themselves, settle the sequence of every purchase and price move inside that day.

The practical implication is a higher bar for predictive claims. A useful forecast needs evidence that it works on subsequent observations and survives costs and changing market conditions. A large flow number, even when accurately measured, is only the starting observation for that test.

Written by the News Desk and edited by Samuel Rae.

TL;DR: Franklin Templeton has filed exchange registrations for two stock-and-Bitcoin ETFs. Their strategy redirects equity dividends into crypto exposure, with portfolio rules designed to keep Bitcoin a minority allocation.

Franklin Templeton is moving closer to offering investors a way to combine a US stock portfolio with an automatic Bitcoin allocation. The idea uses dividend reinvestment to build crypto exposure, while periodically trimming it back.

An October 22 Form 8-A registers shares of the Franklin US Equity Bitcoin DRIP Index ETF and Franklin US Innovation Bitcoin DRIP Index ETF for Nasdaq. The filing is an exchange-registration step; it does not establish that either fund has begun trading.

For investors, the appeal would be operational simplicity. One fund could handle both the equity portfolio and the rules governing its smaller Bitcoin component, avoiding a separate decision each time a dividend arrives.

Dividends Build Exposure, Rebalancing Cuts It Back

The accompanying prospectus filing proposes an October 27 effective date. It gives the equity version the ticker FBEQ and the innovation version FIBT, with annual management fees of 0.09% and 0.19%, respectively.

The VettaFi indexes started with 95% equities and 5% Bitcoin. Their dividend mechanism reinvests regular and special equity dividends into Bitcoin at the following day’s open after the ex-dividend date.

At quarterly rebalancing, a Bitcoin weighting above 5% is reduced to 4.5%. A separate breach above 20% between reviews triggers a reset to 4.5% at the close of the second following business day. That is a corrective rule, not a guarantee the allocation can never temporarily exceed 20%.

The funds can use Bitcoin-linked investment products and derivatives to reproduce the index exposure. A shareholder would own ETF shares, rather than receive coins in a personal wallet.

Economically, this makes the reinvestment decision part of the product. Dividends are still money belonging to the portfolio. Redirecting them into another asset does not create an extra return by itself, and a lower entry cost for that asset does not guarantee a profitable exit.

A Different Role From A Dedicated Bitcoin Fund

Franklin already offers a more concentrated route through its Bitcoin ETF, EZBC. The issuer describes that product as holding Bitcoin and cash, making its value closely dependent on the coin’s market performance.

The proposed DRIP funds would instead leave most of the investment tied to equities. That means stock selection and the behaviour of the chosen benchmark could matter more to the overall return than a modest move in Bitcoin.

The wrapper also changes the practical meaning of custody. Investors trade fund shares through an exchange; they are not managing the keys or selecting each Bitcoin-related instrument themselves.

The next milestone is the funds becoming effective and opening for trading. Until then, the filings describe a planned allocation strategy, with fees and safeguards to examine, rather than a live track record showing how it performs.

Written by the News Desk and edited by Samuel Rae.

TL;DR: CoinShares’ Bitcoin and Ether ETF has reached cash settlement. An OCC notice confirms the payout and brings later-dated BTF options forward to a November 20 expiry.

The closing chapter for CoinShares’ Bitcoin and Ether ETF now comes with a precise cash amount and a deadline for outstanding options. The details matter because a fund can stop trading before every contract linked to it has expired.

According to an October 22 notice from the Options Clearing Corporation, liquidation proceeds were distributed at $22.16255605 per BTF share. The adjusted deliverable for a standard options contract is $2,216.26 in cash, replacing its former share-based exposure.

The BTF option symbol remains unchanged. That continuity should not be mistaken for continuity in the investment underneath it: the contract now references a defined cash deliverable rather than an operating crypto fund.

November 20 Becomes The Final Date For Later Series

OCC says series previously expiring after November 20, 2026 will expire on that date instead. Contracts with earlier expirations retain those dates. Existing American-style options remain exercisable before expiry, and exercised contracts continue to settle in one business day.

Settlement is based on the difference between the contract’s total strike amount and its cash deliverable. The adjustment ends the delayed-settlement treatment that applied on October 21.

Those mechanics are separate from a directional view on Bitcoin or Ethereum. Once the deliverable has become cash, subsequent coin-price moves do not recreate the ETF exposure that shareholders previously held.

A Futures Fund Reaches The End Of Its Run

CoinShares announced the closure in September, alongside its Altcoins ETF, DIME. October 20 was the final day for share trading and creation or redemption orders, with liquidation planned around October 21.

The manager said remaining holders would receive cash based on net asset value after provision for the fund’s expenses and liabilities. Its board approved the wind-down following the investment adviser’s recommendation.

BTF’s structure is also relevant. The fund’s own product information describes a portfolio built primarily around Bitcoin and Ether futures, with cash and high-quality debt supporting the strategy. It was not a vehicle that simply kept an equivalent number of coins in custody for every share.

Its published figures as of October 20 showed approximately $15.96 million in assets. That is a dated snapshot of this individual product, not evidence of money leaving every fund managed by CoinShares.

For the wider crypto exchange ecosystem, closures are a reminder that investment wrappers carry their own lifecycles. Fund shares, direct coin holdings and derivatives can respond differently to the same corporate event.

The new information here is the completed payout and the revised options timetable. Treating it as a fresh Bitcoin sale announcement would miss what has actually changed: BTF’s remaining obligations are being resolved in cash.

Written by the News Desk and edited by Samuel Rae.

Bitcoin Magazine

Franklin Templeton Clears Final Hurdle For ETFs That Turn Stock Dividends Into Bitcoin

Franklin Templeton has taken the last regulatory step before launching two exchange-traded funds that convert stock dividends into bitcoin. 

On October 22, Franklin Templeton filed a Form 8-A with the Securities and Exchange Commission to register shares of the Franklin US Equity Bitcoin DRIP Index ETF and the Franklin US Innovation Bitcoin DRIP Index ETF for trading on the Nasdaq. A prospectus filed the same day lists an effective date of October 27.

The filings for both funds arrived in June without tickers or fees. Four months later, the details are in.

How the funds work

The Equity fund, ticker FBEQ, tracks the VettaFi US Large-Cap 500 Bitcoin DRIP Index. The index holds the 500 largest U.S. companies by market capitalization, weighted by float-adjusted market cap. 

As of September 30, it held 499 stocks ranging from $10.2 billion to $5.5 trillion in size, with a concentration in information technology.

At inception, the index allocates 95% to those stocks and 5% to bitcoin. Each dividend the companies pay, regular or special, is reinvested into bitcoin at the market open on the day after the ex-date. The bitcoin share of the portfolio grows with each payment.

A traditional dividend reinvestment plan, or DRIP, buys more shares of the company that paid the dividend. Franklin’s version routes that cash into bitcoin. 

For a holder, the dividend stream from the largest companies in America becomes a recurring bitcoin purchase, with no exchange account, no wallet and no custody decisions.

The bitcoin position has limits. At each quarterly rebalance, an allocation above 5% is trimmed to 4.5%. If bitcoin exceeds 20% of the index between rebalances, it is cut back to 4.5% within two business days, and the proceeds return to stocks. The result is a stock fund with a bitcoin sleeve, not a bitcoin fund.

The ETF does not hold bitcoin on-chain. It gains exposure through bitcoin exchange-traded products, including Franklin’s own spot fund, through bitcoin futures and options, or through depositary receipts, in some cases via a Cayman Islands subsidiary.

FBEQ carries a 0.09% expense ratio with no 12b-1 fee. Franklin Advisory Services manages the fund, with Franklin Templeton Institutional as sub-advisor. Dina Ting, Hailey Harris, Joe Diederich and Basit Amin serve as portfolio managers.

The Innovation fund follows the same mechanic on the VettaFi US Innovation 100 Bitcoin DRIP Index, which draws from the 100 largest non-financial companies listed on the Nasdaq.

A deeper bet on bitcoin

Franklin Templeton filed for a spot bitcoin ETF in September 2023 and launched it as EZBC in January 2024. In April, the firm acquired 250 Digital and formed Franklin Crypto, an institutional digital asset division. Franklin Templeton CEO Jenny Johnson has argued that blockchains threaten Wall Street’s fee structure more than its technology.

The DRIP funds extend that strategy to investors who may never buy bitcoin on their own. A retiree holding an S&P 500-style fund in a brokerage account can, through FBEQ, let dividends from the companies she already owns build a bitcoin position over years.

The prospectus warns that investors can lose money, and that bitcoin’s price swings may affect the fund’s net asset value. Whether that trade-off appeals to the audience Franklin Templeton is targeting will become clear after October 27.

This post Franklin Templeton Clears Final Hurdle For ETFs That Turn Stock Dividends Into Bitcoin first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Franklin Templeton has registered two Bitcoin dividend reinvestment ETFs for Nasdaq trading, bringing the $1.8 trillion asset manager closer to launching funds that automatically convert stock dividends into Bitcoin exposure. According to an October 22 SEC filing, the Franklin US…

Bitcoin Magazine

BlackRock Files for Bitcoin ETF With Downside Buffer and Capped Upside

BlackRock has filed for a new bitcoin exchange-traded fund which, if approved, would cap investors’ upside while limiting their losses. 

The iShares Bitcoin Managed Protection ETF, or PBIT, would aim “to create and manage bitcoin exposure,” according to a Monday filing with the Securities and Exchange Commission. 

It would work buying options and fixed-income strategies to give investors regulated bitcoin exposure with capped upside and some downside protection — but not direct bitcoin ownership. 

The fund would suit investors who want to invest in bitcoin but not experience all the volatility that comes with the top cryptocurrency. 

Bitcoin has attracted attention for its wild price swings over the years but its volatility has dampened as more investors have bought into the space. 

But 2025 was the least volatile year for the asset and the bear market of 2026 has been its most shallow on record: in past cycles, bitcoin’s price has dropped as low as 80% from its all-time high; this year it shed just 50% of its value. 

BlackRock’s iShares Bitcoin Trust — IBIT — started trading in 2024 after the SEC gave the green light to 11 spot bitcoin ETFs. 

The most successful of the ETFs in terms of flows, the investment vehicle has helped bring bitcoin to Wall Street. Now traders, institutions and retail investors can quickly buy shares that track the price of the leading cryptocurrency. 

They don’t need to worry about exchanges or storage of the digital coin, rather, BlackRock buys and holds the bitcoin while investors simply hit the buy or sell button via their brokerage account. 

IBIT has the most assets under management out of the bitcoin ETFs, currently handling $65.7 billion. 

On Monday, the fund received $665.2 million in fresh investment as bitcoin buyers flooded back into the market. 

That’s the biggest number of shares bought in the product since October 2025, when bitcoin notched a new all-time high, according to Farside Investors data. 

This post BlackRock Files for Bitcoin ETF With Downside Buffer and Capped Upside first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

TL;DR: BlackRock has proposed another Bitcoin-linked ETF, this time using options to pursue some protection against losses while giving up part of the potential upside.

BlackRock’s latest Bitcoin fund filing takes a different approach from the familiar buy-and-hold exposure offered by its iShares Bitcoin Trust. Instead of simply following the price of Bitcoin, the proposed iShares Bitcoin Managed Protection ETF would use an options strategy linked to IBIT or similar exposure.

The ambition is straightforward enough: participate in some of Bitcoin’s gains and seek a measure of protection during a decline. The trade-off is equally important. Gains could be capped, and the protection is neither unconditional nor guaranteed. The structure is designed around overlapping options positions, meaning an investor’s outcome could depend on when the shares are purchased as well as what Bitcoin does next.

That makes this a different kind of product, not a safer version of holding spot Bitcoin in every circumstance. Options costs, fund expenses and changing market prices all affect what shareholders receive.

The filing arrives as issuers work to move beyond basic spot exposure. Income-oriented and buffered Bitcoin products try to give financial advisers additional ways to fit an unusually volatile asset into conventional portfolios.

For investors, the missing details matter as much as the proposed strategy. An SEC filing does not mean the fund has been approved or launched. Its eventual fees, live portfolio and actual protection terms will determine whether the structure delivers a useful alternative to IBIT.

Written by the News Desk and edited by Samuel Rae.

In a major development confirmed on SEPTEMBER 30, 2026, Confirmed announcement/filing for Ethereum ETFs Break 7-Day Inflow Streak While Spot Bitcoin Funds Retain Demand. This operational move highlights expanding activity across the digital asset ecosystem and underscores key developments for market participants.

Key Operational Milestones & Context

According to primary regulatory and corporate filings verified on SEPTEMBER 30, 2026, this development introduces crucial infrastructure enhancements. Industry leaders note that maintaining robust compliance, security, and market liquidity remains essential as digital asset services integrate into broader institutional frameworks.

The transition reflects a strategic pivot toward scalable, transparent operations. Analysts emphasize that ongoing technological upgrades will play a central role in sustaining user confidence and market stability over the coming quarter.

Market Outlook and Industry Impact

As institutional participation accelerates across global markets, this landmark event sets a notable precedent. Traders and investors are closely evaluating liquidity signals and collateral flows following the announcement.

For complete details and primary verification, the official release is accessible via the primary source link: Ethereum ETFs Break 7-Day Inflow Streak While Spot Bitcoin Funds Retain Demand Official Disclosure.

Bitcoin Magazine

HANetf Debuts Euro-Hedged Bitcoin Fund in World First

A new bitcoin exchange-traded fund has hit Europe — with a twist. 

Debuted by $9.2 billion ETF provider HANetf, the Arrow Bitcoin EUR Hedged ETF gives European investors exposure to bitcoin while reducing the impact of movements between the euro and the US dollar.

Because bitcoin is priced in dollars, European investors who buy an unhedged product are exposed to two things at once: the bitcoin price and the dollar’s moves against the euro. 

JUST IN: $9.2 billion ETF provider HANetf launches the first ever euro-hedged Bitcoin exchange traded commodity pic.twitter.com/Bg5tFJ2yAj

— Bitcoin Magazine (@BitcoinMagazine) September 29, 2026

The new exchange-traded commodity — a fund that gives investors exposure to a commodity — aims to remove the second of these in a product described by HANetf as the world’s first. 

“With this launch, we are bringing the established logic of euro-hedged ETFs to the crypto market,” Hector McNeil, co-founder and co-CEO of HANetf, said in a statement. “Investors have long understood that currency movements can have a meaningful impact on returns on different asset classes, for example gold.”

“Similar to gold, bitcoin is priced in US dollars, meaning European investors can end up taking two views at once: a view on bitcoin itself and a view on the dollar. 

HSBC will provide the currency hedging for the product. Typically, euro-hedged funds work by a bank entering forward contracts to sell the equivalent dollar amount for euros at a fixed rate on a future date. 

If the dollar then weakens against the euro, the loss on the bitcoin’s euro value is offset by a gain on the forward, and vice versa. These contracts are usually rolled monthly, and the hedge is resized when they roll.

Bitcoin ETFs in the U.S. have been a huge success since the Securities and Exchange Commission approved them in 2024. 

Managed by the likes of BlackRock, Fidelity, Morgan Stanley and others, the products allow investors to buy shares that track the price of bitcoin, without having to worry about storing the cryptocurrency themselves. 

The funds now manage a combined total of $111.1 billion in assets, according to Coinglass, following the most successful launch in the history of ETFs. 

This post HANetf Debuts Euro-Hedged Bitcoin Fund in World First first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.