Is the Stock Market Up: Crypto, ETFs, and Tokenization Trends

Is the stock market up? This question is on the minds of investors as traditional equities, crypto assets, and tokenized securities increasingly intersect. In this article, you'll discover the latest data on stock market performance, the impact of tokenized assets, and how macroeconomic factors like US job growth and ETF inflows are influencing both traditional and digital markets.

Stock Market Performance: Recent Trends and Key Indicators

As of late October 2025, the global stock market landscape is marked by cautious optimism and rapid innovation. While major US indices like the S&P 500 and NASDAQ have shown resilience, their upward momentum is tempered by macroeconomic uncertainty. According to Federal Reserve Chair Jerome Powell, US job growth is nearly zero when accounting for duplicate statistics, signaling a potentially weaker economic backdrop. This revelation has led to increased market volatility and a more measured risk appetite among investors.

In parallel, the rise of tokenized stocks is reshaping access to equities. Ondo Global Markets, now the world’s largest tokenized securities platform, recently expanded to BNB Chain, offering over 100 tokenized US stocks and ETFs to more than 3.4 million daily users. This move, supported by PancakeSwap, enables real-time, onchain trading of blue-chip stocks and ETFs, further blurring the line between traditional and decentralized finance.

Tokenized Stocks and ETFs: Bridging Wall Street and Web3

The question "is the stock market up" now extends beyond traditional exchanges. Tokenized stocks—blockchain-based representations of real-world equities—allow global users to trade US stocks 24/7 without intermediaries. Ondo Global Markets leads this trend, with over $350 million in total value locked (TVL) and $669 million in onchain trading volume since its September 2025 launch. This platform more than doubles the combined TVL of its competitors, highlighting the growing demand for blockchain-based equity access.

ETF inflows are another key indicator. The launch of Solana ETFs in the US has driven over $116 million in net inflows for Bitwise’s Solana Staking ETF, accounting for more than 90% of total Solana ETF investments. Combined, Solana ETFs now represent $432.3 million in net assets, about 0.40% of SOL’s total market cap. This surge in institutional participation reflects renewed confidence in both traditional and crypto markets, even as price action consolidates near key resistance levels.

Macroeconomic Signals: Job Growth, Volatility, and Market Sentiment

Macroeconomic data remains a crucial driver for both stock and crypto markets. Powell’s comments on near-zero US job growth have heightened investor caution, as labor market weakness often precedes broader economic slowdowns. For crypto markets, this can mean reduced risk appetite and increased volatility, as investors seek safer assets during uncertain times.

Despite these headwinds, the integration of real-world assets (RWAs) on blockchain platforms continues to accelerate. BNB Chain’s RWA ecosystem now includes tokenized treasury funds, stablecoins, and institutional-grade yield protocols, with Ondo’s expansion reinforcing the trend. As more users gain access to tokenized stocks, the traditional question of "is the stock market up" becomes increasingly intertwined with onchain activity and DeFi innovation.

Institutional Adoption and Regulatory Developments

Institutional adoption is a major force behind current market dynamics. The debut of Solana ETFs on the New York Stock Exchange, with Bitwise’s fund generating $10 million in trading volume within 30 minutes, underscores the appetite for regulated crypto exposure. Meanwhile, the Bitcoin miner Ionic Digital has refiled its S-1 with the SEC, signaling a renewed push for a public offering and potentially paving the way for more crypto companies to access traditional capital markets.

On the infrastructure side, Mastercard is reportedly in advanced talks to acquire Zero Hash, a crypto infrastructure firm valued at up to $2 billion. This acquisition would give Mastercard a robust stack for custody, liquidity, staking, and trading, further embedding blockchain settlement systems into mainstream finance. Such moves highlight the growing convergence of traditional and digital asset markets, with compliance and regulatory credentials taking center stage.

What Users Should Watch: Opportunities and Risks

For those tracking whether the stock market is up, it’s essential to monitor both traditional indicators and blockchain-based metrics:

• Market Indices: S&P 500, NASDAQ, and global equity benchmarks remain primary references for stock market direction.
• Tokenized Asset Volume: Platforms like Ondo Global Markets provide real-time data on tokenized stock trading and TVL.
• ETF Inflows: Net inflows into crypto and blockchain ETFs signal institutional sentiment and potential price momentum.
• Macroeconomic Data: Job growth, inflation, and central bank policy updates directly impact both stocks and crypto assets.
• Regulatory News: Developments such as IPO filings and infrastructure acquisitions shape the future landscape for digital and traditional markets.

Bitget Exchange offers a secure and compliant platform for trading both spot and derivatives, making it an ideal choice for users seeking exposure to these evolving markets. For those interested in managing tokenized assets or exploring DeFi opportunities, Bitget Wallet provides a user-friendly and secure solution.

Further Exploration: Stay Ahead in a Converging Market

As the boundaries between traditional stocks, tokenized assets, and crypto markets continue to blur, staying informed is more important than ever. Whether you’re a new investor or a seasoned trader, understanding the interplay between macroeconomic signals, institutional flows, and blockchain innovation will help you navigate the question: is the stock market up?

For the latest insights, market data, and secure trading solutions, explore more with Bitget Exchange and Bitget Wallet. Stay ahead of the curve as finance evolves in real time.

Reported as of October 29, 2025, based on data from Ondo Global Markets, Bitwise, Federal Reserve, and industry sources.