U.S. spot XRP ETFs attracted $14.38 million in net inflows on September 1, continuing strong institutional demand despite XRP's price decline. Franklin Templeton's XRPZ led with $6.63 million, followed by Grayscale's GXRP and Canary Capital's XRPC. This marked the 11th consecutive day of positive inflows, totaling about $170 million during this streak. Meanwhile, U.S. spot Bitcoin ETFs experienced $236.5 million in outflows, highlighting a divergence in investor interest. Despite sustained ETF buying, XRP's price fell over 9% from late August levels, showing that ETF demand hasn't yet boosted the token's price. The trend indicates ongoing regulated investment interest in XRP even as prices drop, contrasting with Bitcoin ETF withdrawals.
Bitcoin price dropped to around $76,623 as investors brace for the Federal Reserve's September 15-16 meeting, where a 68% chance of a rate hike is expected. This potential increase could strengthen the dollar and pressure Bitcoin and other risk asset...
The debate in Washington has shifted from whether digital assets like XRP will enter traditional finance to how they will integrate. The CLARITY Act, facing a key Senate vote, could establish a clearer statutory framework for crypto, moving away from...
Most major cryptocurrencies saw price declines, including Bitcoin dropping 1.78% to $76,678 and Ethereum falling 3.26% to $2,378.53. Other tokens like XRP, Solana, and Zcash also experienced notable losses. A few coins showed slight gains, but overal...
XRP briefly overtook Bitcoin in trading volume on South Korea's largest crypto exchanges, Upbit and Bithumb, with a 273% surge reaching about $1.84 billion in daily trades. This spike reflects strong retail interest, possibly fueled by investors shif...
XRP's price fell 2.29% to $1.33 due to broader crypto market weakness and geopolitical tensions raising inflation concerns. However, the upcoming Senate vote on the CLARITY Act, which aims to clarify digital asset regulations, could boost XRP by redu...
