Crypto Markets Navigate ETF Flows: Bitcoin Adoption Surges, XRP Eyes ETF, While Solana Dips Despite Inflows
Crypto Markets Navigate ETF Flows: Bitcoin Adoption Surges, XRP Eyes ETF, While Solana Dips Despite Inflows
The crypto market is grappling with diverse narratives, highlighted by significant movements in exchange-traded funds (ETFs) and evolving adoption landscapes. Bitcoin experienced substantial outflows from its US spot ETFs, though analysts suggest this could be a precursor to a bullish rebound, coinciding with Block's Square network enabling Lightning Network payments for 4 million merchants. Meanwhile, XRP generated excitement with a key US spot ETF filing and Nasdaq approval, signaling a potential launch. In contrast, Solana's ETFs recorded impressive inflows, yet the SOL token bafflingly saw a 15% price drop. Amidst these coin-specific developments, a wider debate is emerging about the future of 'digital cash,' with some Wall Street analysts predicting that stablecoins and tokenized deposits might increasingly bypass Bitcoin and Ethereum in mainstream financial plumbing.
Crypto investment products experienced approximately $1.2 billion in net outflows last week, with redemptions primarily focused on US spot Bitcoin ETFs. The week ending November 7 marked one of the heaviest print runs since late summer. Day-by-day ETF data shows the de-risking ran through most sessions before a brief midweek pause. US spot Bitcoin ETFs […]
The first US spot XRP ETF moved within sight of launch after Canary XRP ETF filed Form 8-A12(b) on Nov. 10. This is a key exchange-listing step that formally registers the fund’s shares under Section 12(b) of the Securities Exchange Act. The document, signed by Steven McClurg, confirms that Nasdaq has approved the listing application. […]
Block has switched on Bitcoin payments across its Square merchant network, giving roughly 4 million sellers the ability to accept Lightning Network payments at the point of sale. The merchant selects Bitcoin at checkout, Square generates a Lightning invoice QR code, the customer pays with Cash App or any Lightning-enabled wallet, and settlement happens in […]
BNY Mellon just joined Citi, Bernstein, and a chorus of Wall Street analysts calling for up to $3.6 trillion of digital cash by 2030. The bet is that stablecoins and tokenized deposits will become core market plumbing, replacing correspondent banking friction and lubricating corporate treasury operations. The question: does that world exist outside a slide […]
Between October 28 and November 10, US spot Solana exchange-traded funds (ETFs) absorbed $343 million in net inflows across ten consecutive trading days. During that same stretch, SOL dropped from roughly $195 to touch the $145 zone. It currently sits around $159, as of press time. The divergence isn’t a bug, but the entire story. […]