BTC Weekly: Week 49 (2025)

Key Events from 11/16/2025 - 12/6/2025

1. Texas purchased $5 million of BlackRock’s IBIT as the first step toward establishing a state Bitcoin reserve under Senate Bill 21, with a second $5 million planned for direct Bitcoin custody once the framework is finalized. (CryptoSlate)

2. Vanguard began listing Bitcoin, Ether, Solana, and XRP ETFs and mutual funds for its 50 million customers starting Tuesday. (Fortune)

3. Bank of America authorized wealth advisors to recommend 1% to 4% portfolio allocations to crypto and will offer four Bitcoin ETFs to clients starting January 5. (Yahoo Finance)

4. CFTC announced spot cryptocurrency contracts will begin trading for the first time on federally regulated CFTC-registered futures exchanges. (Reuters)

5. Basel Committee chair stated global rules requiring banks to hold high capital against crypto assets need reworking after the US and UK declined to implement them. (Financial Times)

6. JPMorgan filed a structured note linked to BlackRock’s IBIT offering uncapped upside through 2028 with downside protection unless the ETF falls more than 30% in the final year. (TheStreet)