Stocks

On 22 February 2026, Brickken's Q4 2025 research found RWA tokenization is chiefly used to raise capital. 53.8% of issuers prioritize fundraising, while only 15.4% cite liquidity as a core driver; nearly half expect secondary-market access within 6–12 months. 69.2% of projects are live, and 84.6% report regulatory friction as the main obstacle.

According to aggregated 13F regulatory filings, institutional investors reduced their U.S. spot Bitcoin ETF exposure from 532K BTC in Q3 2025 to 513K BTC in Q4 2025, a decline of about 3.5%. This modest cutback came as BTC fell 23% and slipped below the reported $84.1K average ETF entry price, leaving the average ETF holder roughly 20% in loss at a BTC price of $68K.

BlackRock has filed the iShares Staked Ethereum Trust, expected to trade as ETHB, which plans to stake 70–95% of its Ether and distribute 82% of staking rewards to investors while charging a 0.25% sponsor fee. A December 17 regulatory document noted a seed purchase of 4,000 shares at $0.25 each, and market participants expect a first‑half 2026 rollout.

According to Bank of America, institutional investors offloaded $8.3 billion of U.S. equities last week, marking the second-largest weekly sale on record. Retail buyers purchased $1.0 billion and hedge funds added $1.2 billion, while equity ETFs drew $2.2 billion and single-name outflows totaled $8.3 billion; outflows occurred in 13 of the past 15 weeks, reaching $52.0 billion.

BlackRock is preparing the iShares Staked Ethereum Trust (ETHB), an ETF designed to generate yield via Ethereum staking. The fund plans to stake 70%–95% of holdings, maintain a 5%–30% liquidity sleeve, and distribute 82% of staking rewards to investors, with a 0.25% sponsor fee. It is widely expected to launch in H1 2026.

On February 20, 2026, MARA Holdings said it completed the cash purchase of a 64% controlling stake in Exaion, a French computing infrastructure firm owned by EDF, for $168 million. First announced in August 2025, the deal received final approval from French regulators, and includes an option to lift ownership to 75% by 2027 for an additional $127 million.

On Feb. 20, US-listed spot Bitcoin ETFs recorded $88.1 million in net inflows, led by BlackRock's IBIT with $64.5 million and Fidelity's FBTC with $23.6 million. The move followed a $165.8 million outflow on Feb. 19, while Ethereum flows were broadly flat and Solana funds added $3.7 million.

Billionaire investor Stanley Druckenmiller reallocated $290,836,000, increasing Duquesne Family Office's positions in Alphabet by 277% to 385,000 shares and in Amazon by 69% to 737,940 shares. Filings also show he exited Citigroup, Bank of America and Capital One, reducing each holding to zero.

On 21 February 2026, macro strategist Lyn Alden explained on the Coin Stories podcast why Bitcoin's cycle is subdued. She said capital has flowed into AI equities like Nvidia, leaving BTC near $67,849 versus its October 2025 high of $126,100, and cautioned against a rapid rebound. Alden sees potential $10,000–$20,000 downside before a durable bottom.

OpenAI told investors it plans about $600 billion in compute spending by 2030, replacing the $1.4 trillion figure previously discussed by Sam Altman. The company projects over $280 billion in 2030 revenue, nearly evenly split between consumer and enterprise, while Nvidia confirmed talks on a potential $30 billion investment separate from a September $100 billion framework.