Is X on the Stock Market: Crypto Assets and Traditional Listings

Is X on the stock market is a common question as digital assets and blockchain-based projects increasingly intersect with traditional finance. This article clarifies how cryptocurrencies, tokens, and related platforms are (or are not) represented on stock markets, and highlights recent industry developments, including institutional adoption and innovative trading solutions.

Crypto Assets and Stock Market Listings: Key Differences

Most cryptocurrencies, such as XRP and TAO, are not directly listed on traditional stock markets like the NYSE or NASDAQ. Instead, they are traded on specialized crypto exchanges. However, some financial products, such as exchange-traded funds (ETFs) and exchange-traded products (ETPs), offer indirect exposure to these assets on regulated stock exchanges.

For example, as of October 29, 2025, Grayscale announced the launch of its U.S.-based Spot Solana ETF (GSOL) on the New York Stock Exchange, allowing investors to gain exposure to SOL through a regulated product. Similarly, Deutsche Digital Assets is preparing to list the Bittensor Staked TAO ETP (STAO) on the SIX Swiss Exchange, providing institutional investors with access to TAO tokens via a traditional market structure.

Recent Industry Trends: Institutional Adoption and New Products

Institutional interest in digital assets is growing rapidly. According to a CryptoQuant report dated October 29, 2025, Evernorth, an institutional treasury company, has accumulated nearly $1 billion in XRP, reflecting a broader trend of diversification beyond Bitcoin and Ethereum. Evernorth plans to go public through a SPAC merger, further bridging the gap between crypto and traditional capital markets.

Another notable development is the launch of AX, a centralized and regulated exchange for perpetual futures on traditional assets, announced by Architect Financial Technologies on October 29, 2025. AX enables trading of perpetual contracts on foreign exchange, single stocks, ETFs, indices, and commodities, using a structure inspired by crypto perpetual markets. This initiative, led by former FTX US President Brett Harrison, aims to combine the efficiency of crypto derivatives with the regulatory oversight of traditional exchanges.

How Can Investors Access Crypto on the Stock Market?

While direct listings of cryptocurrencies on stock markets remain rare, investors can access digital assets through several mechanisms:

• ETFs and ETPs: Products like Grayscale's GSOL or Deutsche Digital Assets' STAO allow stock market investors to gain exposure to underlying crypto assets.
• Publicly Listed Companies: Firms holding significant crypto reserves, such as Evernorth with XRP, may offer indirect exposure through their shares.
• Regulated Trading Platforms: New exchanges like AX are creating hybrid models, offering perpetual contracts on traditional assets with crypto-style efficiency.

It is important to note that these products are subject to regulatory approval and may not be available in all jurisdictions. For direct crypto trading, platforms like Bitget remain the preferred choice for both retail and institutional users, offering a secure and compliant environment for digital asset transactions.

Common Misconceptions and Risk Considerations

A frequent misconception is that all digital assets can be traded on stock markets. In reality, most tokens are only available on crypto exchanges. Even when ETFs or ETPs exist, they may not fully replicate the risks and rewards of holding the underlying asset. For example, staking rewards or on-chain governance rights are typically not passed through to ETF holders.

Investors should also be aware of regulatory differences, liquidity considerations, and the unique risks associated with both crypto and traditional financial products. Always verify the listing status and product structure before investing.

Further Exploration: The Future of Crypto and Stock Market Integration

The boundary between digital assets and traditional finance continues to blur. As of late 2025, the launch of products like AX and the growing adoption of crypto-backed ETPs signal a maturing market landscape. Institutional participation is accelerating, and new regulatory frameworks are emerging to support innovative trading models.

For those seeking direct exposure to cryptocurrencies, Bitget offers a comprehensive suite of trading tools and a secure platform. To stay updated on the latest developments in crypto and traditional finance integration, explore more resources on Bitget Wiki and consider opening a Bitget account today.