Ferrari Unveils Exclusive Token for Hyperclub Members

Luxury automaker Ferrari is accelerating into Web3 with the launch of an exclusive digital asset, the Token Ferrari 499P. The token is being offered to just 100 members of its invitation-only Hyperclub, creating a private digital marketplace for the brand’s most elite clientele.

Token holders will be able to trade privately among themselves and use the asset to bid on the actual 499P endurance racer, which achieved victories at Le Mans from 2023 to 2025. The first major event for the token will be an auction for the celebrated hypercar, timed to coincide with the 2027 World Endurance Championship season after the vehicle’s racing career has ended.

The project is a collaboration with Conio, an Italian fintech firm specializing in blockchain infrastructure. Conio is managing the technical implementation, including wallet integration and ensuring compliance with Europe’s Markets in Crypto-Assets (MiCA) regulation. This move builds on Ferrari’s earlier steps into the digital asset space, having started accepting cryptocurrency payments for its vehicles in the U.S. in 2023 before expanding the service to Europe in 2024.

Grayscale Celebrates Landmark Crypto ETF at New York Stock Exchange

In a significant moment for institutional crypto adoption, Grayscale Investments marked the launch of its multi-asset crypto fund by ringing the opening bell at the New York Stock Exchange (NYSE) on October 24, 2025. The ceremony celebrated the Grayscale Coindesk Crypto 5 ETF (GDLC), the first multi-asset cryptocurrency exchange-traded product (ETP) available in the United States.

The ETF, which began trading on NYSE Arca in September 2025, is designed to offer investors diversified exposure to approximately 90% of the digital asset market through a single investment vehicle. It was converted from the Grayscale Digital Large Cap Fund and tracks the Coindesk 5 Index, which measures the performance of the largest and most liquid cryptocurrencies.

As of late October 2025, the fund’s portfolio was heavily weighted toward Bitcoin (BTC) at 74.6% and Ethereum (ETH) at 16.07%. The remaining assets included XRP (5.01%), Solana (3.52%), and Cardano (0.8%). The ETF rebalances quarterly to reflect shifts in the market. Notably, the fund is not registered under the Investment Company Act of 1940, a structure Grayscale describes as a purpose-built innovation to broaden investor access to digital assets.