Geopolitics Alpha

There were many conductors in the derailment of the crypto industry's Clarity Act

Published . Updated .

Last minute, behind-the-scenes disputes locked in a dismal showing for the market structure legislation the industry pinned its greatest hopes on.

Directly affected

  • CRCW Crypto

    Named in this report.

Indirectly affected

  • IBIT iShares Bitcoin Trust

    This price moves with the crypto market

  • COIN Coinbase

    The crypto exchange moves with trading volumes

  • MSTR Strategy

    This company's value is tied to its bitcoin holdings

  • MARA MARA Holdings

    Bitcoin miners move with the bitcoin price

  • RIOT Riot Platforms

    Bitcoin miners move with the bitcoin price

  • HOOD Robinhood

    Retail trading apps move with crypto volumes

  • FDIG FIDELITY CRYPTO INDUSTRY AND DIGITAL PAYMENTS ETF

    GA selected FDIG as a RELATED security because its canonical security name directly matches this event's themes: industry, crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • BITW BITWISE 10 CRYPTO INDEX ETF SHS REPSTG UNIT BEN INT

    GA selected BITW as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • BLOX NICHOLAS CRYPTO INCOME ETF

    GA selected BLOX as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • EZPZ FRANKLIN CRYPTO INDEX ETF

    GA selected EZPZ as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
CRCW———————
IBIT———————
COIN———————
MSTR———————
MARA———————
RIOT———————
HOOD———————
FDIG———————
BITW———————
BLOX———————
EZPZ———————

Last minute, behind-the-scenes disputes locked in a dismal showing for the market structure legislation the industry pinned its greatest hopes on.

Source: CoinDesk

The price since 15 Sep 2026: Fidelity Crypto Industry And Digital Payments Etf (FDIG) versus the S&P 500

Since the first closing price after “There were many conductors in the derailment of the crypto industry's Clarity Act,” Fidelity Crypto Industry And Digital Payments Etf (FDIG) is -14.54%. The S&P 500 fund (SPY) is +1.66% over the same days, a -16.21% difference versus the market.

FDIG
SPY

Who gains and who loses around Fidelity Crypto Industry And Digital Payments Etf (FDIG)

Companies mentioned with this story

  • FDIG Fidelity Crypto Industry And Digital Payments Etf

    For “There were many conductors in the derailment of the crypto industry's Clarity Act,” Fidelity Crypto Industry And Digital Payments Etf (FDIG) is linked, with no stored direction, medium confidence. Reason on file: GA selected FDIG as a RELATED security because its canonical security name directly matches this event's themes: industry, crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • BITW Bitwise 10 Crypto Index ETF

    Bitwise 10 Crypto Index ETF (BITW) is linked, with no stored direction, medium confidence in the 15 Sep 2026 story “There were many conductors in the derailment of the crypto industry's Clarity Act.” Reason on file: GA selected BITW as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • BLOX Nicholas Crypto Income Etf

    For “There were many conductors in the derailment of the crypto industry's Clarity Act,” Nicholas Crypto Income Etf (BLOX) is linked, with no stored direction, medium confidence. Reason on file: GA selected BLOX as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • EZPZ Franklin Crypto Trust

    Franklin Crypto Trust (EZPZ) is linked, with no stored direction, medium confidence in the 15 Sep 2026 story “There were many conductors in the derailment of the crypto industry's Clarity Act.” Reason on file: GA selected EZPZ as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • GDLC Grayscale CoinDesk Crypto 5 ETF

    For “There were many conductors in the derailment of the crypto industry's Clarity Act,” Grayscale CoinDesk Crypto 5 ETF (GDLC) is linked, with no stored direction, medium confidence. Reason on file: GA selected GDLC as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • INRO Ishares U.S. Industry Rotation Active Etf

    In “There were many conductors in the derailment of the crypto industry's Clarity Act,” Ishares U.S. Industry Rotation Active Etf (INRO) is linked, with no stored direction, medium confidence. Reason on file: GA selected INRO as a RELATED security because its canonical security name directly matches this event's themes: industry. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Fidelity Crypto Industry And Digital Payments Etf (FDIG)

The 15 Sep 2026 story “There were many conductors in the derailment of the crypto industry's Clarity Act” names Fidelity Crypto Industry And Digital Payments Etf (FDIG) because of this story.

Fidelity Crypto Industry And Digital Payments Etf (FDIG) is on the page because GA selected FDIG as a RELATED security because its canonical security name directly matches this event's themes: industry, crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Also listed, Bitwise 10 Crypto Index ETF (BITW): GA selected BITW as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Price levels for Fidelity Crypto Industry And Digital Payments Etf (FDIG)

BITW traded between 51.43 and 56.92 across 20 sessions. The latest close on file is 52.47. BLOX traded between 11.35 and 15.12 across 20 sessions. The latest close on file is 11.52. FDIG traded between 35.88 and 47.26 across 20 sessions. The latest close on file is 36.02.

A simple score for Fidelity Crypto Industry And Digital Payments Etf (FDIG)

46 out of 100

“There were many conductors in the derailment of the crypto industry's Clarity Act” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.