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Bitcoin OTC holdings fall to 123,000 BTC, down 75 percent from 2021 peak

Bitcoin held by over-the-counter (OTC) desks has fallen to about 123,000 BTC, roughly one-quarter of the level seen in September 2021. CoinPost reported that on-chain analyst Darkfost said reserves in known OTC desk addresses have dropped to a past low. CryptoQuant data show holdings were about 500,000 BTC in September 2021. Analysts cited reduced readily available off-exchange supply, possible shifts toward long-term holding, broader distribution of ownership and changes in how large investors trade.

Crypto

UK FCA to overhaul rules for tokenised gold

Britain\'s Financial Conduct Authority is reviewing whether to avoid applying existing fund rules to tokenised gold and instead create a separate regulatory framework. The FCA has started gathering industry views on whether tokenised gold can improve efficiency in trading, transfer, collateralisation and custody, and highlighted uncertainty over whether it falls under collective investment scheme or alternative investment fund rules. It may issue guidance or establish a dedicated regime, but no final decision has been made.

Crypto

U.S. asset manager seeks to register $75 million fund bundling XRP and ISO 20022 assets for retail investors

U.S. asset manager Gratus Reserve V has begun the process of registering a $75 million fund to offer retail investors an institutional-style digital asset strategy that includes XRP. It filed preliminary offering documents with the U.S. Securities and Exchange Commission to register a decentralised corporate treasury portfolio. The firm highlighted lower XRP trading costs via institutional OTC desks and plans to include ISO 20022-aligned assets as well as bitcoin, ether and solana.