Goldman Sachs has fully sold off its holdings in several cryptocurrency ETFs focused on XRP and Solana, following weak performance of these products. The bank liquidated about $154 million in XRP-linked ETFs and exited Solana-related funds, signaling a retreat from alternative crypto ETFs. However, Goldman Sachs still maintains significant investments in Bitcoin ETFs, holding around $715 million combined, despite a slight reduction. The firm also cut Ethereum ETF exposure by 70% but increased stakes in crypto-related equities like Coinbase and PayPal, showing a strategic shift within its crypto portfolio.
Digital asset investment products experienced $1.07 billion in outflows last week, driven mainly by geopolitical tensions related to Iran. Bitcoin led withdrawals with $982 million leaving its products, while Ethereum saw $249 million in outflows, it...
XRP Ledger (XRPL) has recorded over $1.5 billion in net inflows over the past 30 days, surpassing Ethereum, which saw about $1.2 billion exit its blockchain. This shift highlights growing investor confidence in XRPL's low-cost, high-speed settlement ...
Cryptocurrency markets saw a general decline with Bitcoin priced at $77,381, down 1.29%. Other major coins like Ethereum, Binance Coin, and XRP also dropped between 1.8% and 2.2%. Dogecoin experienced a significant fall of nearly 6%, and Bitcoin Cash...
David Schwartz, Ripple's CTO Emeritus, cautioned XRP users against treating meme coins such as FUZZY as serious investments, calling it "distasteful." This warning came after some XRP community members misinterpreted his technical action of opening a...
XRP Ledger validators must update to version 3.1.3 by May 27 to avoid amendment blocking, which stops older nodes from processing transactions. The update includes fixes for NFTs, Permissioned Domains, Vaults, and Lending Protocols, improving network...
