While the US government shutdown remains a concern for markets, the last 24 hours have seen gains return in precious metals as well as in crypto.
September was also significant for exchange-traded fund (ETF) launches. Instead of being evaluated on a case-by-case basis by US regulators, the market is now more open.
Three major ETFs were launched: REX-Osprey XRP ETF, REX-Osprey DOGE ETF, and the Grayscale ETF. These developments marked an important step in crypto regulation and market growth.
Crypto adoption continued to grow in September. Institutional participation increased, and more companies began integrating Web3 and blockchain technologies.
Countries like Thailand and Vietnam experimented with crypto payments for inbound tourism, while airlines such as Emirates and Air Arabia started accepting crypto payments. Nations including Kazakhstan and Pakistan are advancing in crypto mining and broader adoption.
Another trend gaining momentum is tokenisation. Interest in stock tokenisation has accelerated in recent months, with platforms like Robinhood and Kraken offering tokenised stock products.
NASDAQ has requested SEC approval for rule changes to allow tokenized securities to be listed on its exchange. Paul Atkins from the US Securities and Exchange Commission noted that tokenised assets could improve access to financial markets and lower costs in the future.
Historically, a positive September for Bitcoin often signals a strong October and a robust fourth quarter. In 2023, October saw a nearly 28% rise, and in 2024, Bitcoin gained around 11% in October, contributing to positive fourth-quarter performances of 49% in 2023 and 45% in 2024.
Markets are now hoping for similar gains in October and the coming quarter for Bitcoin and the broader crypto market.
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