Appold Market Watch - Week ending 7 November 2025

Market Update & Industry News - Week ending 7 November 2025

🔷 U.S.-listed spot Bitcoin exchange-traded funds (ETFs) have recorded more than $2 billion in outflows over the past week. The withdrawal streak, which began on 29 October, is the second-largest sell-off experienced by Bitcoin ETFs since their launch in January 2024.

Appold View: These ETF outflows likely reflect renewed global market uncertainty, as opposed to structural weakness. Institutional sentiment remains intact, but last week’s “risk-off” positioning has prompted short-term de-leveraging across many securities, including digital asset ETFs.

🔷 Multinational investment manager Franklin Templeton has launched a tokenised US dollar money market fund in Hong Kong. The end-to-end tokenised structure integrates issuance, distribution and servicing directly onchain, and will be available to institutional and professional investors.

Appold View: This will be a welcome boost to Hong Kong, signalling that it is being perceived as an institutionally trusted hub for digital assets. Following a period of declining competitiveness, Hong Kong’s government has sought to prioritise its digital asset regulatory framework and strategy to position itself alongside the likes of Singapore and Dubai.

🔷 UBS has reportedly completed the first on-chain redemption of a tokenised fund. UBS announced that it had utilised Chainlink infrastructure to settle the redemption involving the tokenised UBS USD Money Market Investment Fund Token (uMINT) on Ethereum.

Appold View: The potential for smart contract–based technologies to bring efficiencies in processes such as order-taking, execution, and settlement within the funds industry is considerable, and we expect a growing number of participants in this $1 trillion market to pursue the operational advantages enabled by tokenisation.

🔷 Google Finance is adding prediction market data from Polymarket, a decentralised crowd-priced prediction platform on the Polygon blockchain, into its search results to enable users to view real-time probabilities for future market events.

Appold View: This integration, in addition to ICE’s recent $2 billion investment into Polymarket, highlights the move of prediction markets into the mainstream. It suggests that crowd-priced probabilities are increasingly being recognised as legitimate financial data in future-event forecasting.

#Marketwatch #Blockchain #Investments