Dimensional Becomes Second Firm to Win SEC ETF-Mutual Fund Hybrid Approval

Dimensional Fund Advisors secured SEC approval to operate ETF and mutual fund share classes in a single structure, positioning itself as the first to apply this hybrid model to actively managed strategies while nearly 90 other firms await similar clearance.
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LevelField Wins Illinois Nod To Acquire Burling Bank For Crypto Services

LevelField has received Illinois approval to acquire Chicago-based Burling Bank and has proposed combining FDIC-insured community banking with crypto custody, trading, and credit products while the transaction awaits Federal Reserve review.
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Arthur Hayes Blames Bitcoin’s 25% Slide on a Sudden Liquidity Contraction

Arthur Hayes has said Bitcoin’s drop from record highs has tracked a decline in his USD Liquidity Index, with ETF basis trades and DAT flows having masked underlying stress, and has suggested future stimulus decisions by the Trump administration could steer the next phase.
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