Last week, digital asset investment products attracted $226 million in inflows. CoinShares stated that the figures indicated a cautiously optimistic investor sentiment. After experiencing the largest outflows on record, ETPs have now seen nine consecutive days of inflows, with the exception of Friday, which saw a small outflow of $74 million. This was likely in […]
One of the world’s largest asset managers, Franklin Templeton, is planning to launch an ETF that will track the spot price of the Ripple cross-border payment token XRP. The firm made a preliminary prospectus filing for the product with the Securities and Exchange Commission on March 11. The filing is the latest in a slew […]
South Korean crypto exchange Upbit has emerged as the leading force in the Ripple market. It holds double the amount of XRP as Binance and accounts for more than 14% of its global trading volume. The shift could be a reflection of the cryptocurrency’s growing prominence among investors in the Asian country. Upbit’s XRP Share […]
There has been growing uncertainty and frustration among cryptocurrency traders following Bitcoin’s steep 10% drop within 24 hours. The sudden decline sparked widespread panic and anger across crypto-focused social media channels and has prompted concerns about a potential repeat of the 2022 bear market, according to Santiment’s latest insight. However, optimism briefly resurfaced over the […]
Investors pulled $508 million from digital asset investment products last week, pushing two-week outflows to $924 million. This reversal comes after an 18-week period of inflows totaling $29 billion. CoinShares attributed the decline to market caution following the US Presidential inauguration, with concerns over trade tariffs, inflation, and monetary policies unsettling investors. The period also […]
On Feb. 5, Ripple chief technology officer David Schwartz reported that the network is now recovering before adding, “We don’t know exactly what caused the issue yet.” The XRP Ledger (XRPL) experienced a rare one-hour outage late on Feb 4 when block production stopped at ledger height 93927173. However, the network recovered on its own […]
Grayscale has applied to the U.S. Securities and Exchange Commission (SEC) to change its XRP Trust into an exchange-traded fund (ETF) on NYSE Arca. According to a filing lodged with the regulatory agency, the XRP Trust is among the largest investment instruments anchored to Ripple’s native token, with more than $16 million in assets under […]
Better Markets, a non-profit advocating for financial reform, has filed an Amicus brief supporting the U.S. Securities and Exchange Commission (SEC) in its ongoing legal battle with Ripple Labs. The organization argues that a prior decision by the District Court for the Southern District of New York undermines investor protections. Ripple’s Victory Under Scrutiny In […]
Retail cryptocurrency trading in South Korea has reached new heights, surpassing the country’s stock market by $4 billion in just 24 hours. The increase was driven by major trading activity in several altcoins, including Ripple’s XRP, Dogecoin (DOGE), Stellar (XLM), Ethereum Name Service (ENS), and Hedera (HBAR). South Korea’s Retail Crypto Trading Hits $18 Billion […]
Bitcoin experienced outflows of $457 million in the past week, marking the first significant withdrawals since early September. CoinShares interpreted this figure as profit-taking after BTC tested the key psychological level of $100k. Short-Bitcoin products saw a modest inflow of $0.5 million during the past week. On the other hand, altcoins mostly attracted inflows, including […]