Plume Launches nBND Vault Backed by Fidelity ETF

Plume has introduced a new offering called the nBND Vault, backed by Fidelity's ETF. This launch is part of Plume's broader Vaults platform, which aims to provide onchain working-capital finance solutions. The nBND Vault is developed in collaboration with Tradeable and Deep Ocean Partners, reflecting a strategic partnership to enhance financial products in the crypto space.

This announcement comes amid significant activity in the Bitcoin ETF market. Over two days, Bitcoin ETFs attracted more than $1.7 billion in inflows, with $999 million on Monday and $714.7 million on Tuesday. This surge follows a period of recovery, where Bitcoin ETFs reversed a $5.8 billion annual deficit from July 13, now holding nearly $800 million in net inflows.

Plume's expansion into Brazil's $3 trillion credit market with the nOPAL vault further highlights the company's strategic growth. Bybit's addition of nOPAL to its RWA Earn platform allows eligible users to access Brazilian credit-card receivables through an onchain vault managed by Plume.

In other market developments, BlackRock and Fidelity led a $297.56 million turnaround in Bitcoin ETF inflows in a single day, ending three consecutive sessions of net capital outflows. Fidelity, in particular, played a significant role in driving these inflows, reflecting strong investor confidence in Bitcoin-related financial products.