Here are the main developments that moved crypto markets today, covering tokenized funds, bank-led trading, and macro-driven price expectations.
WisdomTree tokenizes options-income strategy
Asset manager WisdomTree launched the WisdomTree Equity Premium Income Digital Fund, a tokenized vehicle that implements a put-writing options-income strategy onchain. The fund is designed to track the Volos US Large Cap Target 2.5% PutWrite Index, a benchmark used to generate income and hedge volatility. WisdomTree says tokenizing the strategy gives investors greater flexibility to access and trade exposure onchain. This addition brings the firm’s tokenized lineup to 15 funds, including a Government Money Market Fund that holds more than $730 million in assets.
BPCE to add in-app crypto trading
French banking group BPCE will integrate crypto trading directly into its Banque Populaire and Caisse d’Épargne mobile apps, enabling customers to buy and sell Bitcoin (BTC), Ether (ETH), Solana (SOL) and USDC. The initial phase covers clients of four regional banks — among them Banque Populaire Île-de-France and Caisse d’Épargne Provence-Alpes-Côte d’Azur — reaching roughly 2 million users. BPCE plans to roll the service out across its remaining 25 regional entities through 2026, with the goal of offering crypto trading to its full retail base of about 12 million customers. The rollout will be phased so the bank can monitor performance before wider scaling.
Coinbase Institutional sees potential year-end Bitcoin rally
Coinbase Institutional published a note saying Bitcoin and the broader crypto market could experience a strong year-end rally, supported by rising global M2 money supply and expected U.S. Federal Reserve rate cuts. The report cited Fed cut odds near 92% as of Dec. 4 and argued that improved liquidity could help markets recover in December after October weakness tied to money-supply dynamics. Such a move would align with historical seasonality, including the so-called “Santa Claus rally.”