XRP Spot ETFs Face Outflows Amid Cooling Interest, While Ethereum's Altseason Debate Continues
XRP Spot ETFs Face Outflows Amid Cooling Interest, While Ethereum's Altseason Debate Continues
Recent market movements indicate a shift in institutional sentiment, with XRP spot Exchange-Traded Funds (ETFs) recording net outflows last week, ending a three-week streak of inflows and signaling diminished institutional appetite for the asset. This coincides with a five-year low in XRP's liquidity on Binance. Meanwhile, discussions surrounding Ethereum's market cycle are ongoing, as an expert from Ethplorer suggests that the 'altseason' for ETH has already occurred. Ethplorer is also introducing a new 'Aggregated Ethereum Rich List' to provide a more comprehensive ranking of wallets beyond just ETH holdings.
XRP Spot ETFs See Negative Flows and Weakened Liquidity
XRP spot exchange-traded funds (ETFs) recorded a net outflow last week, ending three consecutive weeks of inflows and signaling a cooling institutional appetite for the asset. At the same time, liquidity conditions on Binance have weakened. The exchange’s 30-day XRP liquidity index dropped to its lowest level in five years. Institutional Demand for XRP Cools.
Ethereum's Altseason Discussion and New Rich List Methodology
At Paris Blockchain Week, BeInCrypto sat down for an exclusive interview with Aleksandr Vat, Head of Business Development at Ethplorer.io, to discuss the company’s new Aggregated Ethereum Rich List. Ethplorer argues that traditional Ethereum rich lists have become increasingly misleading because they rank wallets by ETH holdings alone. Its new ranking looks at the total