Stocks

Cathie Wood's Ark Invest purchased $30.5 million in Circle Internet Group shares on Wednesday across three ETFs. Circle's stock fell 12.2% to $86.3 despite the company reporting third-quarter revenue of $740 million, up 66% year-over-year, and net income of $214 million.

Canary Capital has received regulatory approval for the first U.S. spot XRP exchange-traded fund. The ETF will trade on Nasdaq under ticker XRPC starting Thursday, November 13, 2025. The firm filed Form 8-A with the SEC on November 10, completing the final regulatory requirement before market launch.

UBS has raised its S&P 500 forecast to 7,500 by the end of 2026, driven by expected earnings growth concentrated in the technology sector. The bank projects 14.4% earnings expansion for 2026, with nearly half coming from AI-focused companies including Nvidia and Microsoft. Citi separately increased its Nvidia price target to $220 ahead of the company's November 19 earnings report.

Rumble Inc. has agreed to acquire AI infrastructure firm Northern Data AG in an all-share transaction valued at approximately $1.2 billion. Stablecoin issuer Tether committed to purchase up to $150 million in GPU services from the combined entity and pledged $100 million over two years to support Rumble Wallet adoption. Northern Data shareholders will receive 2.0281 Rumble shares for each share held and own roughly 30% of the merged company.

Five spot XRP exchange-traded funds from Bitwise, Franklin Templeton, 21Shares, Canary, and CoinShares have been listed under the DTCC's active and pre-launch category. The products could begin trading as early as next week, according to Coin Bureau. The move marks a potential milestone for regulated crypto access in the U.S. market.

Rumble is advancing an all-share proposal to acquire German data center operator Northern Data at a valuation below Northern Data's approximately $894 million market capitalization, Bloomberg reported. The transaction, supported by mutual investor Tether Holdings, would enable Rumble to expand from video hosting into cloud infrastructure services. An announcement could come within days.

Shares of companies holding Bitcoin and Ether as treasury assets have declined sharply following recent cryptocurrency price drops. Strategy, formerly MicroStrategy, saw its market capitalization fall from approximately $128 billion in July to around $70 billion. Peter Thiel-backed firms BitMine and ETHZilla dropped over 30% and 23% respectively in the past month, according to market data.

ARK Invest purchased 48,454 BitMine shares valued at approximately $2 million on November 8, 2025, across three ETFs. The firm simultaneously sold 71,638 Tesla shares worth roughly $30 million. BitMine maintains 3.4 million ETH in its corporate treasury as part of its digital asset strategy initiated in April 2025.

21Shares filed Form S-1 Amendment No. 3 for a spot XRP exchange-traded fund on November 8, 2025, according to Bloomberg analyst Eric Balchunas. The submission initiates a 20-day SEC review period under Section 8(a) of the U.S. Securities Act. If no objections emerge, the ETF could become effective automatically, potentially opening institutional access to XRP.

JPMorgan Chase owned 5,284,190 shares of BlackRock's iShares Bitcoin Trust (IBIT) worth $343 million at the end of Q3 2025, according to regulatory filings. The position represents a 64% increase from the 3.22 million shares the bank reported in Q2. IBIT, which holds actual Bitcoin in cold storage through custodian Coinbase, is part of a spot Bitcoin ETF sector that collectively manages $110 billion across 11 issuers.