Securitize shares fall 38% since Solana tokenized-stock launch

Securitize shares are down 38% since 12 tokenized U.S. stocks, including Apple and Nvidia, began trading on Solana through its broker-dealer. Jump Trading is the market maker; no volume or holder data for the tokens have been published.

The companies objecting to an OKX-ICE tokenized-equity roster grew to 16 of the 62 issuers listed, from nine, CoinDesk reported, citing a notice dated Oct. 19. The seven additions were Microsoft, Alphabet, Goldman Sachs, Qualcomm, Caterpillar, McDonald's and Western Digital. The notice gives neither the objectors' reasons nor the dates they filed.

No volume or holder data are public for the Securitize roster, and the objection count is the only disclosed measure of issuer posture on the OKX-ICE roster. For an RIA evaluating a tokenized-equity product, the diligence questions are which underlying issuers consented and what the token actually trades.

U.S. spot bitcoin ETFs took in more than $1 billion for the week, according to SoSoValue data cited by CoinDesk. CoinDesk compared that with a $235 million daily average across the 199 trading days of bitcoin's three steep rallies.

Monday alone brought $526.6 million of net inflows; BlackRock's IBIT drew $665.2 million, while Fidelity's FBTC lost $83.6 million and Grayscale's GBTC shed $54.9 million. The group is about $90.5 million in the red for October.

BlackRock filed for the iShares Bitcoin Managed Protect ETF, which would build on the $65 billion IBIT. The filing did not specify how much downside protection the fund offers and follows a similar Calamos product.