Daily Market Wrap | Oct. 20

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Hot Topics

BlackRock’s IB1T Bitcoin ETP launched on the London Stock Exchange after the FCA lifted its crypto ban, following success in Europe and with its $85.5B IBIT ETF.

BofA sees Fed consensus for two 25 bps rate cuts in 2025, with John Williams citing labor market risks, though some governors remain cautious on inflation

Market Updates

21Shares, Bitwise, and WisdomTree launched Bitcoin and Ethereum ETPs for UK retail investors on the London Stock Exchange, following the FCA’s lifting of a four-year crypto ETN ban.

OpenSea’s SEA token launches Q1 2026, with 50% for OG users and rewards, 50% of revenue for buybacks, as it shifts to a multi-chain trading hub.

Polymarket launched “up/down” equity and index markets in a new Finance hub, allowing bets on whether stocks or benchmarks end higher or lower, resolved via The Wall Street Journal and Nasdaq.

BTC-3.7%
ETH-5.2%
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