The ProShares Ultra XRP ETF (UXRP), which aims to deliver twice the daily performance of the Bloomberg XRP Index, has lost more than 94% of its value since its launch in July 2025. As of August 2026, the ETF trades near $10.30, down roughly 95.5% from its 52-week peak of $231.20. This steep decline is due to the ETF's daily leverage reset mechanism, which causes long-term returns to diverge significantly from the underlying XRP asset, especially in volatile markets. Meanwhile, spot XRP ETFs also face pressure, with major products losing over 40% year-to-date amid a prolonged XRP correction, though they still attract modest inflows from investors seeking regulated XRP exposure.
SWIFT has introduced the Swift Ledger, a new platform designed to provide real-time visibility of liquidity and enable 24/7 cross-border payments. This aims to overcome traditional banking delays caused by pre-funded accounts and intermediaries. Howe...
Bitcoin and Ether exchange-traded funds (ETFs) attracted over $305 million in combined inflows, led by Blackrock's strong $244.42 million contribution to Bitcoin ETFs and $60.86 million to Ether ETFs. This marks a third consecutive day of inflows, hi...
Large crypto holders, known as whales, are actively buying Bitcoin, Ethereum, and XRP despite broader market volatility. This accumulation helps absorb supply and supports prices, with Bitcoin whale holdings reaching 3.06 million BTC and significant ...
XRP is showing signs of entering a critical accumulation phase as exchange wallet balances have turned negative, with withdrawals from major platforms like Coinbase and ByBit exceeding deposits. This pattern mirrors previous trends before XRP's ralli...
The Bitwise XRP ETF experienced a $3.58 million net outflow on August 5, reflecting shareholder redemptions rather than a discretionary bearish decision by Bitwise. The ETF can fulfill redemptions by transferring XRP tokens or selling them, but this ...
