Bitcoin Continues Higher as 21Shares Launches First Canton Network ETF

Bitcoin continued its gradual climb last week, briefly trading above $82,800 before pulling back over the weekend, while several major altcoins outperformed the world’s largest cryptocurrency amid renewed investor appetite for broader crypto exposure.

Bitcoin dominance — which measures bitcoin’s share of the total crypto market capitalisation — declined by 1% to 60.60%, reflecting stronger momentum across alternative cryptocurrencies, including Solana (SOL).

Looking ahead, markets are expected to closely monitor upcoming US inflation data, with the latest Consumer Price Index (CPI) and Producer Price Index (PPI) figures due on Tuesday and Wednesday respectively. The releases could trigger increased volatility across digital asset markets.

The crypto industry is also watching developments surrounding the proposed CLARITY Act, including the possibility of a Senate Banking Committee markup this week.

“Bitcoin continues to show resilience despite macroeconomic uncertainty, while we’re also seeing renewed momentum across altcoins as investors diversify exposure within the crypto market,” said Simon Peters, Crypto Analyst at eToro. “This week’s inflation data and regulatory developments in the US could act as important short-term catalysts for price action.”

Among the strongest-performing tokens last week was TON, which surged 67% following comments from Telegram founder Pavel Durov announcing that Telegram would take over development of the TON blockchain alongside a new roadmap aimed at expanding the ecosystem.

Other notable gainers included Jupiter (JUP) and Internet Computer (ICP), both rising more than 40% over the week.

Meanwhile, 21Shares launched the TCAN 21Shares Canton Network ETF on Nasdaq, becoming the first US-listed ETF to offer exposure to Canton Coin, the native utility token of the Canton Network.

Unlike many public blockchain projects focused on retail adoption, Canton is a privacy-enabled blockchain ecosystem designed specifically for regulated financial institutions. The network allows institutions to transact and share data securely while meeting compliance and privacy requirements.

The launch of the TCAN ETF marks a significant development for institutional crypto adoption, offering investors exposure to blockchain infrastructure beyond traditional bitcoin-focused products.

“The launch of the Canton Network ETF reflects growing institutional interest in blockchain infrastructure and more diversified crypto exposure,” added Peters. “It also highlights how the market is evolving beyond bitcoin-only investment products.”