COINOTAG News reports that on its NYSE debut, Twenty One, the Bitcoin investment vehicle trading under ticker XXI and backed by Cantor Fitzgerald and Jack Mallers, endured an intraday slide of 26.42%, with the price hovering around $10.50. The sharp move on first listing day highlights the current temperament of crypto-focused IPOs, even as the issuer advances disclosure and custody governance in line with market expectations.

Following the listing settlement, Twenty One Capital plans to transfer 43,500 bitcoins from the custody account back to its own custody, with an updated proof of reserve anticipated upon completion. The move supports enhanced transparency and strengthens risk controls around crypto custody and liquidity management.