XRP ETFs Shine as Crypto Market Faces Pressure
XRP exchange-traded funds (ETFs) are showing strong momentum, recording positive inflows for 30 consecutive trading days. Ripple CEO Brad Garlinghouse highlighted this achievement, especially as Bitcoin and Ethereum ETFs continue to see uneven and choppy fund flows.
The surge in interest began with Canary Capital’s launch of the first U.S. spot XRP ETF, which attracted nearly $250 million in trading volume on its debut day—setting a new benchmark for non-Ethereum altcoin ETFs. Following this success, major asset managers such as Franklin Templeton, Bitwise, and Grayscale quickly introduced their own XRP ETF products, increasing competition and market exposure.
At the same time, Shiba Inu (SHIB) is sending mixed signals. While its price remains under pressure near local lows, on-chain data shows a bullish trend. Nearly 100 billion SHIB tokens were withdrawn from centralized exchanges within 24 hours, suggesting reduced selling pressure and growing long-term holder confidence.
Despite these positive developments in select assets, the broader crypto market is struggling. Total market capitalization has slipped below $3 trillion to around $2.95 trillion. Cardano (ADA) has been one of the hardest-hit assets, with leveraged long positions facing heavy liquidations. Over $1.18 million in ADA longs were wiped out in just 24 hours, resulting in a massive 1,303% liquidation imbalance.
Overall, while XRP and SHIB show signs of strength beneath the surface, the wider crypto market remains cautious as investors reassess risk toward the end of the year.$XRP
$ADA $SHIB #CPIWatch #TrumpTariffs #FedRateCut25bps
XRP exchange-traded funds (ETFs) are showing strong momentum, recording positive inflows for 30 consecutive trading days. Ripple CEO Brad Garlinghouse highlighted this achievement, especially as Bitcoin and Ethereum ETFs continue to see uneven and choppy fund flows.
The surge in interest began with Canary Capital’s launch of the first U.S. spot XRP ETF, which attracted nearly $250 million in trading volume on its debut day—setting a new benchmark for non-Ethereum altcoin ETFs. Following this success, major asset managers such as Franklin Templeton, Bitwise, and Grayscale quickly introduced their own XRP ETF products, increasing competition and market exposure.
At the same time, Shiba Inu (SHIB) is sending mixed signals. While its price remains under pressure near local lows, on-chain data shows a bullish trend. Nearly 100 billion SHIB tokens were withdrawn from centralized exchanges within 24 hours, suggesting reduced selling pressure and growing long-term holder confidence.
Despite these positive developments in select assets, the broader crypto market is struggling. Total market capitalization has slipped below $3 trillion to around $2.95 trillion. Cardano (ADA) has been one of the hardest-hit assets, with leveraged long positions facing heavy liquidations. Over $1.18 million in ADA longs were wiped out in just 24 hours, resulting in a massive 1,303% liquidation imbalance.
Overall, while XRP and SHIB show signs of strength beneath the surface, the wider crypto market remains cautious as investors reassess risk toward the end of the year.$XRP
$ADA $SHIB #CPIWatch #TrumpTariffs #FedRateCut25bps
