Cryptocurrency firms are blending into traditional finance by launching new investment offerings. Securitize and Mantle introduce an institutional fund, and Mantra’s CEO is burning OM tokens to restore value. Symbiotic raises $29 million for blockchain coordination, while the SEC delays a Polkadot ETF decision. Most major cryptocurrencies performed well recently, with notable gains in several tokens.
Cryptocurrency firms are increasingly embracing more traditional investment offerings as they attempt to bridge gaps between the world of traditional finance (TradFi) and digital assets. Gracy Chen, CEO of Bitget, a prominent crypto exchange, noted that this shift is driven by demand for more flexible products that cater to investors’ needs. “The lines are blurring between these two financial realms, and we’re seeing a growing synergy between them,” she stated, highlighting the changing landscape in investor preferences.
In a related development, Securitize has teamed up with the Mantle protocol to introduce an institutional fund benchmarked against a range of cryptocurrencies. This Mantle Index Four (MI4) Fund aims to provide yields similar to traditional index funds, tracking assets like Bitcoin, Ether, and Solana amongst others. The inclusion of stablecoins that mirror the US dollar is also part of this strategy, which was announced recently.
Another boosting factor for crypto sentiment is a recent shift in investor feelings, which moved from a state of ‘fear’ to ‘neutral’ for the first time since early 2025. Influential remarks from US President Donald Trump, regarding the reduction of tariffs on Chinese goods, appear to have reassured investors. Such developments suggest a thawing in trade tensions, which likely eased anxiety in the broader market.
In other news, Mantra’s CEO, John Patrick Mullin, has initiated the process to burn 150 million OM tokens, aiming to increase the token’s perceived value. By targeting a reduction in available supply, Mullin intends this as a step towards restoring community trust after a challenging period. The tokens are slated to be sent to a burn address by April 29, resulting in a significant decline in the overall circulation of OM tokens.
On a different note, the crypto staking protocol Symbiotic has secured $29 million in a Series A funding round, supported by key players like Pantera Capital and Coinbase Ventures. This funding will help launch their innovative Universal Staking Framework, designed to bolster blockchain security through a flexible economic coordination system. The framework aims to enhance security models on various blockchain layers, promoting evolutionary changes without the infrastructural hassles.
Lastly, the SEC has pushed back its decision on whether to approve a Polkadot ETF, delaying the ruling until June 11. This move affects the proposed Grayscale Polkadot Trust listing and is part of a larger bottleneck, with around 70 ETFs awaiting SEC approval, including ones associated with various altcoins.
In terms of market performance, most top cryptocurrencies saw positive movements over the past week, with the Official Trump token soaring by over 73%. Meanwhile, the Sui token followed closely behind with a 69% uptick in value. This week’s events highlight ongoing activity and shifts in the crypto space as it increasingly intertwines with traditional financial practices, pointing towards a dynamic and evolving landscape for investors.
