Edgen AI operates independently of, and is not controlled by Aspen Digital Financial Limited.
Tokenized ETFs top $500M as Ondo Finance leads sector milestone
Edgen Crypto·Jul 16 2026, 21:04Share to
Share to
Copy link
[1] Tokenized ETFs surpass $500M in market cap, led by Ondo Finance (https://cryptobriefing.com/tokenized-etfs-500 ...)[2] Ondo Hits 1-Month High: Here Is What’s Driving The 17% Surge (https://beincrypto.com/ondo-price-dtcc-tokeni ...)[3] ONDO price jumps 17%: can tokenized stocks push it above $0.40? (https://invezz.com/news/2026/07/16/ondo-price ...)[4] Tokenized stocks market cap gains to record $2.3B (https://cointelegraph.com/news/tokenized-stoc ...)[5] Crypto brokerage firm Alpaca raises $135 million for tokenized stock infrastructure (https://www.coindesk.com/business/2026/07/16/ ...)
Related News
Jul 16 2026, 21:35
Ether.fi jumps 11% as $100M RWA vault bet targets $0.50
**Ether.fi's $100 million bet on tokenized real-world assets is reshaping the token's trajectory, pushing ETHFI past key technical levels as derivatives traders pile in.** Ether.fi's ETHFI rose 11.3% to $0.43 on Wednesday, the largest single-day gain in three weeks, after the liquid staking protocol allocated $100 million into a Plume Network vault offering institutional-grade real-world asset yields. "The Plume RWA Vault gives ETHFI holders exposure to a yield stream that is uncorrelated to crypto volatility, which is exactly what institutional allocators have been asking for," Jason Wu, an on-chain analyst at Edgen, said. Derivatives open interest climbed 19% to $74.5 million while trading volume surged 93% to $110 million, Coinglass data show. Spot netflow turned negative for two consecutive days — a signal that buyers are accumulating rather than distributing — with the metric improving to -$82,000 from -$264,000. The token's momentum shift indicator stabilized at 0.025, and the MACD has been on a rising trajectory for two weeks. The RWA vault, launched two weeks ago on Plume Network and later integrated with Binance Wallet, has expanded Ether.fi's addressable market beyond liquid staking into the $30 trillion real-world asset tokenization sector. If demand holds, ETHFI could close above $0.45 and target $0.50, though a failure to hold $0.44 risks a pullback to $0.40 or lower. The move comes as the broader crypto market shows signs of recovery. Bitcoin held above $64,000 on Thursday, testing its 50-day EMA near $65,136, while ether outperformed large-cap peers with an 11% weekly gain. U.S. spot ether ETFs took in $96 million over the first three days of the week, concentrated in BlackRock's low-fee products. Ether.fi's pivot into RWA tokenization differentiates it from other liquid staking protocols at a time when the sector faces margin compression. The Plume vault provides non-custodial access to institutional-grade yields, a product structure that has attracted $100 million in committed capital. The Binance Wallet integration that followed expanded distribution to the exchange's user base. The token's technical setup supports the bullish case. ETHFI reclaimed its 50-day EMA at $0.38 and is testing a downward trendline near $0.44. The RSI at 62 suggests room to run before hitting overbought territory, while rising on-balance volume confirms accumulation. The 200-day EMA at $0.51 represents the next major resistance if the trendline breakout holds. This article is for informational purposes only and does not constitute investment advice.
Jul 16 2026, 21:33
SpaceX falls to $135 IPO price as Starship launch tests investor faith
**SpaceX has surrendered every dollar of its post-IPO gains in five weeks, returning to its $135 offering price hours before the most consequential Starship test since going public.** SpaceX shares closed at $135.27 Wednesday, erasing all gains from the June 12 IPO that raised $75 billion, as traders braced for a Starship test flight that prediction markets give an 89% probability of ending in an explosion. "The market is pricing in a binary outcome — either Starship works and the stock re-rates, or it doesn't and the selloff continues," said Brian Gesuale, analyst at Raymond James, who carries an $800 price target implying 491% upside. The stock has fallen 29.73% over the past month and 8.79% in the past week, wiping out a post-IPO rally that briefly pushed the valuation past $2 trillion. Of 11 analysts covering SPCX, 7 rate it a Buy, 3 a Hold and 1 a Sell, with a consensus target of $242.22 — 79% above current levels. CFRA opened coverage at $115, below the IPO price. The Starship Flight Test 13, launching from Boca Chica, Texas, during a 90-minute window opening at 6:45 p.m. ET, represents the first major operational test since the IPO. A successful flight would validate the V3 Starship design after May's test suffered engine outages on both the booster and the upper stage. A failure risks amplifying selling pressure on a stock already trading below its opening-day print. **The $135 Floor and the $800 Ceiling** The gap between where SpaceX trades and where its most bullish analyst sees it heading is among the widest in the US-listed space sector. Gesuale's $800 target implies a $10.5 trillion valuation, built on Starship achieving full reusability and SpaceX selling orbital AI compute capacity. The thesis depends on roughly 200 Starship launches per gigawatt for space-based data centers — a capability that does not yet exist. More conservative estimates anchor closer to the consensus. The $242 average target assumes Starlink monetization and existing government contracts under the National Security Space Launch program will drive revenue growth without requiring Starship to reach its full design potential. SpaceX is now held by approximately 200 exchange-traded funds, creating structural buying demand that did not exist at the IPO. **A Treasury of 18,000 Bitcoin Adds Another Variable** SpaceX disclosed an 18,000 Bitcoin corporate treasury, a holding worth roughly $1.1 billion at current prices. The position ties the company's balance sheet to cryptocurrency volatility at a moment when the stock is already under pressure. A successful Starship flight could boost confidence in both the equity and the crypto strategy, while a failure could compound downside risk for investors exposed to both assets. The launch itself will not attempt to recover the Super Heavy booster or the Starship upper stage — both are programmed for controlled splashdowns that will end in destruction regardless of flight performance. SpaceX's "fly, fail, fix" approach means even a mid-flight breakup counts as data collection rather than mission failure, though the distinction may be lost on retail investors who piled $70 billion into the IPO. This article is for informational purposes only and does not constitute investment advice.
Jul 16 2026, 20:58
Injective's INJ jumps 8% on Robinhood listing after MiCA compliance milestone
INJ, the native token of the Injective layer-1 blockchain, rose 8% to $5.12 after Robinhood Crypto listed the asset for spot trading on July 16. "The Robinhood listing removes a key accessibility barrier for retail investors who previously needed a crypto-native wallet or a specialized exchange to acquire INJ," said Jason Wu, on-chain analyst at The Block. The token traded between $4.76 and $5 through the session with a market capitalization near $494 million, according to CoinGecko data as of 14:30 UTC. Injective recently burned 43,500 INJ through its Community BuyBack mechanism, a deflationary process governed entirely by INJ stakers through on-chain proposals. The listing follows a series of regulatory milestones for the project. Injective published a Markets in Crypto-Assets Regulation white paper registered with the European Securities and Markets Authority's Interim MiCA Register and passported from Denmark to all 30 European markets. The document standardizes disclosures for INJ under MiCA, which became fully applicable across the EU in December 2024, and provides European institutions with a detailed account of the token's functionality, risks, and economic model. Injective is a layer-1 chain built specifically for financial applications, with a focus on decentralized trading, tokenization, and cross-chain interoperability. The INJ token serves as the network's governance and staking asset and handles fee payments across its suite of financial protocols. In April, Bitnomial launched the first CFTC-regulated INJ futures in the US, offering institutional and retail investors a regulated instrument for price exposure and hedging. Canary Capital's proposed Staked INJ ETF is also progressing through the SEC filing process, though it remains in the preliminary stage. Robinhood has been expanding its crypto offerings while developing Robinhood Chain and exploring tokenized stock listings. Adding INJ, a token from a blockchain specializing in financial infrastructure, aligns with that strategic direction. For Injective, the Robinhood listing broadens distribution beyond crypto-native platforms, potentially attracting a wider retail base as the project pursues deeper real-world asset integration within its infrastructure. This article is for informational purposes only and does not constitute investment advice.