Daily Market Wrap | Nov. 20

Hot Topics

• Federal Reserve December rate cut odds collapse.
• India's ARC rupee-backed stablecoin targets tentative Q1 2026 launch.
• BlackRock files for staked Ethereum ETF in Delaware, enabling built-in staking yields for investors while holding spot ETH.

Market Updates

• Bitwise's spot XRP ETF launches under ticker "XRP," sparking community confusion over its identical naming to the token while earning praise for bold branding.
• Abu Dhabi Investment Council nearly tripled Bitcoin ETF holdings in Q3.
• Aztec Network launches privacy-focused Ignition L2 chain on Ethereum mainnet, enabling confidential DeFi transactions with shielded pools and private tokens via hybrid zk-proof system.