Deep analysis of institutional 13F filing activity and smart money moves
94 insights
Ondo Finance launched Ondo Intelligent Portfolios, a new onchain product category delivering portfolios built on strategies developed by BlackRock for Ondo as single transferable tokens. Three tokens went live today — High Income, Diversified Growth, High Growth — with smart-contract-level rebalancing, available to eligible investors outside the US.
US spot bitcoin ETFs have swung to net inflows of roughly $320M for 2026 (Bloomberg tally; ~$349M per Askthetape) — the first positive year-to-date print since April — after investors added about $4.6B since Aug 19, erasing a $5.69B deficit accumulated by July 13. BlackRock's IBIT captured ~$1.02B over four sessions as Bitcoin rallied ~35% from ~$64,100 to an eight-month high of $87,265.
On Monday, Sept 21, the European Central Bank switched on Pontes, a platform linking distributed-ledger markets to the Eurosystem's TARGET Services so eligible banks and market infra providers can settle tokenized bonds and funds in central-bank money. Christine Lagarde announced the go-live at Friday's Eurogroup, calling it 'a digital euro made available for banks.' It lands three days after the SEC's Innovation Exemption opened onchain trading of tokenized US stocks — the institutional tokenization race is now transatlantic.
On Friday, Sept 18, Kalshi filed a proposed rule change with the SEC and submitted it to the CFTC to list perpetual futures on individual US stocks — hours after Coinbase submitted a near-identical proposal, with Kraken parent Payward joining through its Bitnomial exchange. The CFTC lists the trio's contracts as pending approval; sign-off would bring crypto's most-traded derivative structure to US equities for the first time.
On Sept 17 the SEC issued a temporary, conditional order exempting 'Tokenized Securities Venues' (TSVs) from the 1934 Exchange Act's definition of 'exchange,' allowing tokenized NMS stocks to trade through permissioned AMM liquidity pools on public, permissionless ledgers for five years — with a parallel exemption from 'dealer' registration for onchain liquidity providers. It is the first federal legal pathway for onchain trading of US equities.
Circle switched on the public mainnet of Arc, its USDC-powered Layer 1, on Sept 16 with 11 founding validators including BlackRock, Visa, Mastercard, DTCC, ICE and Standard Chartered — the first publicly traded company to mint a network token (10B ARC) for a new L1, and per CEO Jeremy Allaire 'an even more consequential launch than USDC itself.'
The House Financial Services Committee voted 28-21 (party-line, Record Vote FC-317) on Sept 16 to send the American Reserve Modernization Act (H.R. 8957) to the full House — the first Strategic Bitcoin Reserve bill ever to clear a full House committee, one day after the Senate killed the Clarity Act. A rewrite sets a single 20-year lockup clock for all reserve bitcoin starting at enactment.
The Fed raised rates 25bp to 3.75%-4.00% — its first hike in over three years — on a unanimous 12-0 vote, with the dot plot signaling one more hike in 2026. Bitcoin is holding near $76K as Warsh's presser turns hawkish.
The Senate failed to invoke cloture on the Digital Asset Market Clarity Act (H.R. 3633) Tuesday after 40+ senators voted no (unofficial floor webcast tally; official roll call pending), effectively ending US crypto market-structure legislation for 2026. Bitcoin slipped to ~$76,000 (-3%) while Circle (-8%), Coinbase and Bullish extended losses.
BlackRock's iShares Staked Ethereum Trust ETF (ETHB) crossed ~$1.05B in net assets six months after its March 12 Nasdaq launch. It drew $307.7M across 20 consecutive inflow days (Jul 28–Sep 11) with zero net-outflow days — while spot Bitcoin ETFs lost $463M last week.
The CFTC has authorized Singapore Exchange under Regulation 48.10 to open its Bitcoin (BTP) and Ether (ETP) perpetual futures — $5.8B cumulative volume since their November 2025 launch — directly to eligible US institutional investors, the first foreign board of trade to route US institutions into an overseas crypto perp order book.
Nvidia officially agreed to acquire Hugging Face, the de-facto hub of open-source AI (millions of models and datasets), for $12.93 billion — its second-largest deal ever after Groq's $20B (Dec 2025) and ~2.87x HF's last private valuation of $4.5B (2023). Hugging Face CEO Clément Delangue told CNBC he approached Jensen Huang over the summer because open-source AI was 'at the turning point'; Nvidia promises the platform 'will remain an open platform' where 'Nvidia compute will not be required.'
At Hot Chips 2026, NVIDIA announced Groq 3 LPX — the inference accelerator from its $20B December acquisition of Groq's assets, the largest purchase in company history — is now in full production. It delivered a record 3,400 output tokens/sec in Artificial Analysis benchmarking, versus 750 tokens/sec promised by OpenAI's Cerebras-powered Ultrafast mode. First racks go live at Nebius later this year, two days before NVIDIA reports earnings.
Tether said KPMG U.S. completed the first full financial audit in its history — an unqualified opinion on its FY2025 statements showing reserves exceeding liabilities by $6.814 billion behind the world's largest stablecoin. Auditors tested transactions, systems, and counterparties, and physically counted the gold bars.
Capital Group ($3.3T AUM) disclosed a 10.63% stake (136M shares, ~$203M) in Metaplanet, making it the largest shareholder of Japan's premier Bitcoin treasury company. The firm already holds a position in Strategy, now extending its Bitcoin treasury thesis across two jurisdictions.
T. Rowe Price, the $1.89 trillion asset manager, launched the T. Rowe Price Active Crypto ETF (TKNZ) on NYSE Arca — the first actively managed multi-token spot crypto exchange-traded product in the marketplace. The fund holds a diversified portfolio across Bitcoin, Ethereum, BNB, XRP, Solana, and Hyperliquid, with active allocation adjustments led by Blue Macellari, Head of Digital Assets since 2022.
The SEC approved an immediately effective rule change quadrupling IBIT options position limits from 250,000 to 1,000,000 contracts, enabling up to $5B in notional options exposure per participant. The approval landed the same day BlackRock reported record $15.3T AUM and $191.7B Q2 inflows, even as IBIT shed $3.3B during the quarter.
Japan's Parliament approved legislation moving 105 cryptocurrencies including BTC and ETH under the Financial Instruments and Exchange Act, shifting them from payment tools to investment instruments. The law creates the legal framework for spot crypto ETFs (earliest 2027), cuts crypto tax from 55% to 20% (2028), and imposes securities-grade disclosure and insider-trading rules.
The Depository Trust & Clearing Corporation — which custody over $114 trillion in securities and settles nearly every US stock trade — will facilitate its first production tokenized securities transactions on July 15, 2026, with a 50-firm working group including BlackRock, Goldman Sachs, JPMorgan, and Nasdaq. The rollout covers Russell 1000 equities, major ETFs, and US Treasuries, with full commercial launch targeted for October 2026.
The OCC granted Circle final approval to establish Circle National Trust, a federally supervised national trust bank, placing the world's second-largest stablecoin (USDC, $73.2B) under direct federal banking oversight — with reserve management as a planned future capability.