XRP ETFs are on the verge of hitting a significant milestone, with total Assets Under Management (AUM) approaching the $1 billion milestone. Since the launch of its ETF last month, hundreds of millions of dollars have been flowing in daily, making XRP the most successful new ETF entrant of 2025. 

XRP ETFs Close In On $1 Billion

XRP ETFs have continued to experience skyrocketing growth and institutional demand, now rapidly closing in on the $1 billion inflow milestone. Over the past two weeks, all five XRP ETFs have recorded over $984.54 million in cumulative net inflows, just $15.46 million away from $1 billion. This explosive, accelerated growth has effectively solidified XRP’s position as the third-largest crypto ETF, behind Bitcoin and Ethereum.

Data from Sosovalue reports 15 consecutive days of positive flow, with the XRP ETF recording its highest single-day inflow on November 14 at $243.05 million. Over the last two weeks, all five XRP ETFs, including REX-Osprey, have seen notable inflows, reflecting growing institutional interest and demand. 

According to crypto enthusiast @NADZOE93 on X, XRP has become the third cryptocurrency ever to surpass the $800 million ETF inflow threshold. She noted that while Spot Bitcoin ETFs reached this cap in just two days after their launch, Ethereum ETFs took 95 days. This officially positions XRP as the second-fastest crypto to hit the $800 million inflow mark. 

Notably, strong inflows in the XRP ETF began on November 13 with the launch of Canary Capitals XRPC. A week later, Bitwise introduced its own XRP ETF, followed shortly by Grayscale and Franklin Templeton debuting their funds. Since then, investments have continued to pour in, with $26.17 million flowing in just yesterday alone, bringing the total to $887.12 million after 15 days of positive flow. 

Crypto market analyst Neil Tolbert shared additional insights on the XRP ETF performance on X this week. He noted that five spot XRP ETFs are currently trading, with a combined $995 million in Assets Under Management. Canary Capital’s XRPC stands at the top of the market with $358.88 million, followed by Grayscale’s GXRP with $211.07 million, Bitwise’s ETF at $184.87 million, Franklin Templeton’s XRPZ at $132.3 million, and REX-Osprey at $108 million. 

Tolbert has stated that more ETFs are reportedly in the pipeline, with institutional demand set to grow as traditional finance takes notice of XRP. With the race to a $1 billion inflow milestone heating up, XRP ETFs have already surpassed those of Solana and Dogecoin. 

Institutions Accumulate Over 400 Million XRP Through ETFs

Institutional demand for XRP is reaching new heights as data from ETF tracker XRP Insights show that a whopping 425.76 million tokens have been officially locked. This surge in accumulation comes as the five currently launched XRP ETFs collectively reach $984.54 million in AUM.

This large amount of XRP held in ETFs shows how quickly institutions are adopting, as investors increasingly seek regulated, transparent ways to gain exposure to cryptocurrencies. Analysts have also warned that if ETFs continue to absorb XRP at such a rapid pace, it could trigger a supply shock as the number of tokens in circulation declines.

The Bitcoin price volatility is once again drawing attention to MicroStrategy, the company whose strategy has become a major market reference point, with billions in accumulated BTC and a track record of aggressive buying during downturns. As traders search for stability in a shaky market, Strategy’s stance is being watched closely for what it might signal about the next phase of BTC’s trend.

Why MicroStrategy’s Next Move Could Redirect Market Momentum

Bitcoin’s recent volatility has put MicroStrategy (MSTR), the largest corporate holder of BTC, in the limelight. Walter Bloomberg has revealed on X that analysts are watching closely to see if the company could influence the cryptocurrency’s price if it sells some of its holdings.

According to JPMorgan, Strategy can avoid forced sales as long as its enterprise value-to-BTC holdings ratio stays above 1.0, which currently stands at 1.13 BTC. However, analysts continue to debunk these claims, accusing JPMorgan of spreading misinformation about market manipulation and the company.

Walter stated that if the ratio remains above this level, BTC markets may stabilize and ease recent market pressure. Due to the market pressure, the firm has slowed its BTC purchases, adding 9,062 BTC last month compared to 134,480 BTC a year ago, reflecting a more cautious accumulation approach amid a broader crypto downturn. Its stock has dropped roughly 42% over the past three months.

Additionally, challenges include the potential exclusion from MSCI indices, which could trigger $8.8 billion in passive fund outflows if index funds are forced to divest. However, MicroStrategy holds a $1.4 billion reserve for dividends and interest, helping it avoid selling its BTC even if the price falls further. In the meantime, there is no proof that MicroStrategy is in danger of liquidation.

How Institutional Behavior Builds A Higher Floor For Bitcoin

In a market speculation, Bitcoin is currently experiencing one of the most significant capital migrations in its history, fueled by institutional adoption. Analyst Matthew noted that the current BTC market cycle from 2022 to 2025 has already absorbed an unprecedented amount of new capital, surpassing all previous BTC cycles. This growth is a reflection of the market’s maturity and the ecosystem’s innovative approach to liquidity through regulated instruments.

Furthermore, the network has incorporated more than $732 billion in fresh capital in the current cycle, surpassing the $388 billion that was injected during the 2018 to 2022 cycle. At that time, the surge helped push BTC market capitalization to an all-time high record of $1.1 trillion, a metric that indicates a much higher aggregate cost base for new institutional investors.

Related Reading: Why Bitcoin Traders Fear A Repeat Of July 2024’s Crash Next Week

Meanwhile, the total settlement volume in the decentralized BTC protocol was approximately $6.9 trillion in just 90 days. Despite this, the number of active on-chain entities dropped from 240,000 to 170,000 per day, which is a reflection of liquidity migration of capital flows into spot ETFs.

As institutional demand intensifies and the crypto market recovers, US spot XRP Exchange-Traded Funds (ETFs) continue to lead the sector with a 13-day streak and over $200 million in positive net flows this week, outshining Solana (SOL) ETFs, which recorded their third day of outflows in seven days.

XRP Funds Lead Crypto ETF Inflows

Spot XRP exchange-traded funds have extended their record-breaking streak after registering their thirteenth consecutive day of positive net flows, with $50.27 million in inflows on December 3.

The investment products have seen a remarkable performance since the launch of Canary Capital’s XRPC, the first single-token XRP spot ETF, on November 13, positioning the funds as the fastest-growing altcoin-based category.

Notably, XRPC surpassed all initial expectations and debuted on Nasdaq with a total volume of $58 million, recording around $357.54 million in positive net flows in 13 days. Last week, the second group of XRP funds went live, becoming the largest US ETF launches of 2025 with over $60 million in net inflows each during their first day.

Moreover, the category, led by Grayscale’s GXRP and Franklin Templeton’s XRPZ, surpassed other major ETFs in single-day inflows, including those based on the largest cryptocurrencies by market capitalization, Solana, Bitcoin (BTC), and Ether (ETH).

Amid this week’s market recovery, XRP ETFs saw $89.65 million on Monday, $67.7 million the following day, and an additional $50.27 million on Wednesday, for a cumulative net inflow of $207.66 million during the first three days of December.

As a result, the leading category surpassed both Bitcoin ETFs’ $52.4 million and Ethereum ETFs’ $51.3 million positive net flows, respectively, during the same three-day period.

With a total of $874.28 million in inflows in 13 days, spot XRP ETFs have surpassed the $618.62 million total inflows of SOL ETFs, which held the record among the second wave of altcoin-based investment products.

Solana ETFs Demand Loses Steam

While XRP ETFs take the spotlight, Solana funds’ momentum has slowed, seeing their largest days of outflows this week. According to SoSovalue data, the investment products recorded $32.9 million in outflows on December 3, marking their third negative net flows day since the category debuted on October 28.

Despite pulling out positive net flows, Bitwise’s BSOL, Fidelity’s FSOL, and Grayscale’s GSOL were unable to absorb 21Shares’ TSOL $41.8 million in outflows. This performance also marks the fourth negative day for TSOL over the past week.

As reported by NewsBTC, Solana ETFs experienced a record performance in November despite the market correction, with $613 million in inflows during their 22 consecutive day positive streak.

However, the remarkable streak ended a week ago when TSOL registered negative net flows for the first time, and the category was unable to absorb them, recording outflows of $8.1 million.

SOL-based investment products started December with outflows worth $13.5 million, which were followed by strong inflows worth $45.77 million on Tuesday. On December 3, the funds registered $32.19 million in outflows, amounting to a negative net flow of $700,000 for the first half of the week, despite the altcoin’s recent price recovery.

Several key Bitcoin metrics are beginning to exhibit bullish action once again alongside the renewed upward traction in the asset’s price. With this kind of trend that points to growing momentum, the crypto king appears to be gearing up for a pivotal shift driven by newfound appetite from investors.

A Key Market Shift Unfolding For Bitcoin

Bitcoin has experienced a rebound as the crypto landscape turns bullish again, sending its price back above the $90,000 mark. Following the bounce on Wednesday, the BTC market appears to have reached a critical junction as it hints at an impending shift in the current trend.

Delving into the market performance, Darkfost, an author at CryptoQuant and market expert, has outlined the key driver behind the unfolding shift. In the research shared on the X platform, the expert revealed that the market today is heavily driven by derivatives. In addition to the derivatives-driven market, 2025 has been the most speculative year Bitcoin has ever seen in its existence.

Another key driver highlighted by the market expert is the actions of investors in the United States and the renewed demand at the institutional level. Darkfost’s research hinges on a critical Bitcoin metric, one that shows the average evolution of the Coinbase Premium Gap in the monthly timeframe and the Spot Bitcoin Exchange-Traded Funds (ETFs) netflows.

Specifically, this metric is the Bitcoin ETF – Netflow USD Vs. Coinbase Premium. It is worth noting that the Coinbase Premium Gap calculates the pricing difference between Coinbase Pro and Binance. This helps illustrate the behavior of different groups of investors. While Coinbase Pro is typically used by institutions and whales, Binance, which has the largest volume, is available to everyone.

The Coinbase Premium Gap decreased from +$109 to -$40 since October 16, when Bitcoin was valued at almost $113,000. Such a drop suggests that institutional investors sharply decreased their positions. 

BTC ETFs Netflows Impact On The Market

Interestingly, the trend was also observed in ETF netflows, which also flipped negative. During the period, BTC fell from $113,000 to $80,000, reflecting how much the US and institutional demand influence the market. 

As seen in the past, large negative swings have frequently indicated market bottoms, provided that the trend thereafter begins to turn. A trend of this kind is what is playing out in the market today.

However, current data reveals that the Coinbase Premium Gap has bounced back to -$13 while the average ETF netflow is valued at around -$100 million. This comeback in both sectors indicates that in the near term, the situation seems to be improving, and BTC’s price is reacting appropriately to the crucial shift. 

As a result, Darkfost predicts that a new all-time high for BTC may happen quickly if this pattern continues in the long run. The ongoing shift may be subtle, but it is noticeable as the market appears to be preparing for a phase that might largely change the course of Bitcoin.

• Bitcoin ETFs log five days of inflows as BTC climbs back above $93K.
• Analysts say ETF outflows overstated as broader forces drove the sellof.
• Vanguard’s crypto ETF reversal boosts institutional demand and sentiment.

Bitcoin exchange-traded funds continued to recover this week after suffering $3.48 billion in cumulative outflows during November, their second-worst month on record.

The products notched $58 million in net positive inflows on Tuesday, marking a fifth consecutive day of additions, according to data from Farside Investors.

The modest turnaround comes as Bitcoin trades back above the $89,600 flow-weighted cost basis for ETF investors, meaning the average holder is no longer sitting on unrealised losses.

Total crypto market sentiment has also improved following a period of heavy selling that pushed Bitcoin as low as the mid-$80,000s earlier this week. Other US crypto ETFs showed weaker performance. Spot Ether ETFs recorded $9.9 million in outflows on Tuesday, while Solana funds saw $13.5 million in net redemptions, Farside data showed. At press time, the Bitcoin price on OKX was around $92,622.

Outflows are not the main driver of Bitcoin’s decline

Market anxiety around large-scale sales from spot Bitcoin ETF holders appears to have overstated their direct impact on BTC’s downturn.

Bloomberg analyst Eric Balchunas pushed back on that narrative, questioning the simplistic linkage often made between ETF outflows and price weakness.

“I just read that Citi analysts say that for every $1 billion pulled from Bitcoin ETFs, it equals roughly a 3.4% drop in Bitcoin’s price. Ok, so then by that logic, since the ETFs have taken in +$22.5b of inflows YTD BTC should be up 77% this year,” Balchunas wrote on X.

His remarks highlight the role of broader market forces,  including leverage unwinds, macro uncertainty, and digital-asset treasury pressure,  behind the recent selloff, which erased more than $1 trillion in crypto market value since early October.

Bitcoin rises to its highest level since mid-November

Bitcoin extended its recovery on Wednesday, climbing as much as 2.6% to approximately $93,965 — its highest intraday level since November 17.  Ether and other major tokens also traded higher as the broader market attempted to establish a firmer footing after weeks of turbulence.

At the time of writing, the world’s largest cryptocurrency by market capitalisation gave up some of those gains to trade around $93,000.

The bounce was attributed partly to comments from US Securities and Exchange Commission Chair Paul Atkins, who reiterated that the agency plans to introduce a new regulatory framework, including a proposed “innovation exemption,” aimed at giving digital-asset firms more flexibility around issuance, custody and trading.

The remarks were interpreted as a step toward greater regulatory certainty for the sector, which has faced a patchwork of enforcement-driven oversight in recent years.

Vanguard reversal adds fuel to institutional demand

Institutional adoption received another lift after Vanguard, the world’s second-largest asset manager, reversed its long-standing policy and announced that it would allow clients to trade cryptocurrency-focused ETFs and mutual funds on its platform.

The change, effective this week, expands access to regulated crypto exposure for millions of US investors.

The move coincided with heightened expectations that the Federal Reserve will cut interest rates next week, strengthening Bitcoin’s appeal at a time when the dollar has softened, and risk appetite is improving.

Despite the rebound, the market is still showing signs of volatility.

The cryptocurrency market has remained under pressure since late October. However, the streak of inflows could suggest that Bitcoin may manage to end the year on a positive note.

The post Bitcoin ETFs extend inflow streak as BTC price nears $93K appeared first on CoinJournal.

Grayscale’s first US spot exchange-traded fund tied to Chainlink opened with solid demand, adding another data point to the debate over whether appetite for altcoins can survive a cooling crypto market.

Despite a pullback across major tokens in recent weeks, the new fund attracted sizable capital on its first trading day.

Chainlink ETF Debut Draws $41M, Signaling Demand for Regulated Altcoins

According to Bloomberg ETF analyst Eric Balchunas, the product ended its debut session with $41 million in net inflows and about $13 million in trading volume.

The figures placed Chainlink among the stronger ETF launches this year and suggested that, at least for some investors, regulated vehicles remain the preferred route into higher-risk digital assets.

The showing stands well above the opening day for the Solana ETF, which recorded just $8.2 million in volume based on data from Farside Investors.

Still, the XRP ETF remains the category’s heavyweight, registering $243 million in first-day inflows, according to SosoValue.

Even so, analysts urged restraint. James Seyffart said the launch was not a “blockbuster,” though he noted that the fund quickly reached about $64 million in assets under management, including an $18 million seed allocation.

“Chainlink shows that less liquid products can still attract attention in an ETF wrapper,” he wrote, pointing to the role exchange-traded funds can play in widening market access.

So, $GLNK took in ~$42 million on day 1. Not "blockbuster" success but very good for a new launch. Volume was strong. The fund currently sits at $64 million in assets. Chainlink showing that longer tail assets can find success in the ETF wrapper too. https://t.co/CgVCxlykGr

— James Seyffart (@JSeyff) December 3, 2025

For Chainlink itself, the debut offered little immediate relief. The LINK token is up nearly 10% over the past week but remains down more than 39% over the past year, according to price data cited by Cointelegraph.

Chainlink’s appeal lies in its infrastructure role. The network supplies on-chain applications with external data, enabling price feeds, cross-chain transfers and tokenized assets to function reliably.

As demand for decentralized finance and real-world asset tokenization grows, investors appear willing to give even second-tier tokens a closer look.

New Altcoin ETFs Steal Spotlight as Bitcoin Funds Struggle

The new Chainlink ETF comes amid the rollout of a wave of new altcoin ETFs.

Over the past month, issuers have launched products tied to Solana, XRP, and Dogecoin, with more XRP and Dogecoin funds set to list next week.

The Canary Capital XRP ETF (XRPC) debuted with $58 million in net inflows, the highest opening-day haul for any ETF this year, edging out the Bitwise Solana Staking ETF (BSOL), which launched with $57 million.

BSOL has quickly become one of the early success stories of 2025, accumulating over $660 million in assets within three weeks and avoiding a single day of outflows.

As reported, the New York Stock Exchange has approved the listing of Grayscale’s XRP and Dogecoin exchange-traded funds, clearing both products to begin trading on Monday.

NYSE Arca, the exchange’s ETF-focused subsidiary, filed certifications on Friday confirming the listing and registration of the Grayscale XRP Trust ETF Shares and the Grayscale Dogecoin Trust ETF Shares under the Securities Exchange Act of 1934.

Bitwise Asset Management has also unveiled the Bitwise Dogecoin ETF as investor appetite for altcoin exposure continues to increase.

The post Grayscale’s Spot Chainlink ETF Pulls $41M on Debut Despite Market Uncertainty appeared first on Cryptonews.

Even with its price facing volatility, XRP, one of the top 5 crypto assets by market cap, is still gaining recognition around the world. XRP is currently picking up pace at a significant rate in regions such as Asia, and large companies are starting to adopt the leading altcoin in order to create a treasury reserve backed by the token.

Japan-Listed Firm Goes Crypto With XRP Treasury

As a leading asset in the cryptocurrency and financial landscape, XRP is making notable inroads into the Asian region. A publicly traded corporation in Japan has chosen to include the token directly on its balance sheet, causing a new uproar in the country’s corporate sector.

Specifically, this move, which has sent ripples throughout the community, is being carried out by AltPlus, a company that focuses on the design, creation, and running of mobile and social games. The Japanese company has decided to engage with the altcoin by including it in its official treasury strategy, bolstering the XRP Treasury initiative.

In the report shared by BankXRP, a crypto and DeFi enthusiast, outlined that the token is now officially part of the corporate strategy of AltPlus, marking its shift into the ever-evolving cryptocurrency landscape. This move reflects an act of conviction among institutional investors in an environment where the majority of corporations still keep a wary eye on digital assets.

According to the pundit, the move was revealed in the company’s new shareholder filing. This new document confirms that the firm will purchase and hold XRP alongside Bitcoin, the flagship cryptocurrency, as a strategic asset. AltPlus aims at acquiring value in the long run, diversification, and staking-based income.

The filing details a complete transition of AltPlus into digital assets as the company expands into crypto operations. In this way, the firm is improving its balance sheet and navigating Web3 connections across its gaming and Internet Protocol (IP) ecosystem.

A Huge Wave Of Capital Flowing Into The Asset

While the crypto market is slowly recovering, several major assets witnessed a massive wave of capital, with XRP being among the leaders in inflows. A significant inflow into the altcoin reflects the growing conviction among retail and institutional investors.

Data from CoinShares disclosed by Coin Bureau on X shows that the altcoin pulled in capital worth $289 million in a week, which marks one of its biggest yet. The large inflow coincides with an improvement in investors’ sentiment toward the token, driven by strategic advancements in the larger ecosystem and expanding usefulness throughout international payment corridors.

Meanwhile, the total net inflows for digital asset Exchange-Traded Funds (ETFs) recorded in a week were more than $1 billion, signaling intensifying market interest. As more liquidity pours into digital assets, on-chain activity and market depth seem to be rising dramatically.

The XRP price action is now showing signs of resilience as it coils tightly around a key support level, fighting against further downside pressure. Despite recent pressure across the broader crypto landscape, XRP has repeatedly held this level. With bearish momentum fading and volatility compressing, it could be preparing for a potential reversal.

Support Cluster Shows Strength As XRP Holds Its Ground

XRP is reaching a point where it refuses to go any lower. Crypto analyst Henry has noted on X that the token is whispering loudly right now, showing strength exactly where it matters, and rising clearly from its trendline support after days of bleeding.

This level has been tested, rejected, and respected with precision, but this bounce feels different as the structure looks cleaner, the moment feels calmer, and the overall price action seems controlled. Whether it breaks out this time or not, the setup is undeniably shifting fast. 

Adding to the momentum narrative, Bloomberg reports that $11 trillion asset manager Vanguard will begin to allow clients to access their XRP ETFs starting from tomorrow. Meanwhile, the US spot crypto ETF flows on December 1st came in at a solid $90+ million. As a result of the setup, Henry has suggested that the next major target sits around $2.20 region if the market confirms the move.

An inverted look at the XRP chart over the last six weeks reveals a textbook 3-drive pattern, a formation that has constantly preceded major reversal events in crypto. According to Dom, the translation into a higher low has finally formed, which hints at the first sign that a trend change could be developing.

However, bulls need to regain the monthly RVWAP around the $2.22 region, and holding above this area would mark a significant shift in structure, opening the door for a continuation rally towards the $2.50 range. The order books are clear enough that, if momentum is going to flip, this is the time. If this price setup fails to hold this structure and slips back below $2.00, Don warns that the end of the year could turn less favorable.

Why Exchange Balance Is The Ultimate Supply Metric

The Co-founder of Tedlabsio, trader and investor Niels, pointed out that XRP has just flashed one of the strongest bullish signals seen in the current market cycle. Over the past two months, roughly 45% of the XRP supply held on exchanges has been withdrawn and moved off trading platforms. 

A drop in exchange supply this sharp only happens when the smart money is accumulating heavily. When the supply available on the exchange reduces, the selling pressure reduces, and this is how big moves begin. Niels believes that XRP is entering that phase where most people haven’t noticed yet.

XRP is now moving into one of its most decisive weeks in years, based on a perfect alignment of institutional developments, ETF expansion, and changing supply dynamics. The most important factor behind this trend is the concentration of Spot XRP exchange-traded funds now competing for liquidity in the United States. 

Ripple’s growing institutional footprint is also feeding expectations that this week could represent the beginning of a new bullish phase in XRP’s long-term market direction, especially as exchange reserves continue to decline.

A Landmark Week For Spot XRP ETFs

The arrival of 21Shares’ US Spot XRP ETF has modified the ETF niche, because for the first time five major issuers are trading XRP-backed funds simultaneously. Bitwise, Grayscale, Franklin Templeton, Canary Capital, and now 21Shares have consolidated into a new institutional layer for XRP, and the combined demand is starting to reshape how investors are looking at XRP.

According to data from SoSoValue, total inflows into these funds have already surpassed $824 million, and it’s not even yet a full month of trading. The most interesting thing is that since launch, not a single session has recorded net outflows.

The rise in ETF demand is unfolding at the same moment that the supply of liquid XRP on exchanges continues to thin. Analysts monitoring these flows describe this as one of the most structurally significant developments in years because several Spot XRP ETFs are competing directly for circulating supply while being legally unable to source tokens from Ripple’s escrow.

A price-path sensitivity simulation run by Mohamed Bangura, which was shared by crypto analyst Chad Steingraber, adds another layer to the discussion of how Spot XRP ETFs are a game-changer for the cryptocurrency. His model assumes a baseline ETF demand of 74.5 million XRP per day, an available exchange supply of 2.7 billion XRP, and a periodic escrow addition of 300 million XRP every thirty days. 

He built three scenarios using price elasticity values of 0.2, 0.5, and 1.0 over a 180-day window. All of these scenarios point to huge bullish price targets, with targets ranging from $6 to extreme spikes approaching $600, depending on elasticity.

Ripple’s New Regulatory Milestone Boosts XRP

Ripple has secured a major regulatory upgrade in Singapore, giving its local subsidiary approval to operate a fully licensed payments platform capable of handling fund collection, custody, token conversion, and payouts. This step strengthens Ripple’s global payments push and positions XRP for deeper integration into regulated financial channels.

At the same time, the XRP Ledger is showing a significant rise in on-chain activity. Recent data reveals a jump in AccountSet operations to levels not seen in years, along with a noticeable uptick in new wallets and overall transaction volume. 

The combination of Ripple’s growing regulatory footprint and the XRP Ledger’s latest activity suggests that real-world usage and ecosystem growth are rising just as institutional demand through spot ETFs increases.

The U.S. Securities and Exchange Commission has stepped in to stop the launch of some of the most aggressive exchange-traded funds ever proposed in the country.

The products were designed to deliver three to five times the daily performance of stocks and cryptocurrencies, pushing the limits of how much risk regulators are willing to allow.

The SEC has stopped ProShares from launching new 3× leveraged crypto funds.
They proposed

3× Bitcoin,
3× Ether,
3× Solana,
3× XRP.

The SEC says the funds break leverage rules, so ProShares must fix the filings or withdraw them.
Nothing moves forward until they do.… pic.twitter.com/SXlYAHKgkZ

— 𝗕𝗮𝗻𝗸XRP (@BankXRP) December 3, 2025

ETF Issuers Pull Filings After SEC Flags Leverage Rule Violations

On Tuesday, the agency issued nine warning letters to major ETF providers, including Direxion, ProShares, and Tidal Financial.

In the letters, the SEC said it would not review the filings unless the firms addressed serious regulatory concerns.

At the center of the issue is Rule 18f-4 under the Investment Company Act of 1940, which limits how much leverage a fund can use.

The rule caps a fund’s value-at-risk exposure at 200% of its reference benchmark, a level several of the proposed products appear to exceed.

The targeted funds used derivatives to magnify daily returns. Some were linked to highly volatile assets such as Bitcoin, Ether, Nvidia, and Tesla, with exposure of up to five times the daily move.

No 5x single-stock or crypto ETF has ever been approved in the U.S., and even 3x products have long faced strict limits from regulators.

The SEC told issuers to either adjust their strategies to meet legal requirements or withdraw their filings altogether.

Within a day of the letters being posted, ProShares moved to pull several of its 3x and crypto-related ETF applications.

Market analysts say the SEC’s latest move shows a clear effort to rein in ETF issuers that have been testing the limits of leverage rules.

The filings under scrutiny were widely viewed as attempts to stretch existing regulations to push higher-risk products into the market, an approach the agency has consistently resisted.

SEC Challenges High-Risk ETF Strategies as Leveraged Funds Hit $162 Billion

The decision also interrupts what had been one of the most permissive periods for ETF approvals in U.S. history.

Over the past year, the SEC approved spot Bitcoin and Ethereum ETFs, crypto yield products, and a wave of structured funds built around options income, partial leverage, and downside protection.

The SEC’s green light of spot Bitcoin ETFs opens the floodgates for issuers, but Bitcoin's price has so far stayed flat, defying expectations. When will we see bullish price action? #CryptoNews #BTCETFhttps://t.co/6mKK9Vdam2

— Cryptonews.com (@cryptonews) January 10, 2024

Even during October’s government shutdown, ETF filings continued to surge despite the agency operating with reduced staff.

Several issuers pressed even further. 21Shares submitted an application for a leveraged fund tied to the Hyperliquid token.

Volatility Shares went a step beyond, filing the first proposals for 5x leveraged ETFs linked to both stocks and cryptocurrencies, applications that quickly drew regulatory attention.

With its latest response, the SEC has effectively drawn a boundary on how far leverage will be allowed to go.

Leveraged ETFs have grown rapidly in popularity among retail traders, particularly after speculative activity surged during the pandemic. Total assets across leveraged funds now stand at roughly $162 billion.

The largest of these products, the ProShares UltraPro QQQ, which targets three times the daily return of the Nasdaq 100, has risen nearly 40% this year and holds more than $31 billion in assets.

However, losses across other products show the risks. The Defiance Daily Target 2x Long MicroStrategy ETF is down more than 83% this year, while a similar 2x fund tied to Super Micro has fallen over 60%.

Another metric of the SEC’s concerns was the speed at which it made its warning letters public.

The notices were released on the same day they were issued, a rare step for correspondence that is typically disclosed weeks later. The agency declined further comment, citing the ongoing review process.

Looks like SEC is pushing back on all the 3x and 5x filings, calling them out on the loophole they were trying to use, to get around the 200% VAR, and "requests them to revise the obj and strategy to be consistent with 18f-4 or withdrawal" Honestly, it's for the best. I'm as… pic.twitter.com/J8p6o1ND2B

— Eric Balchunas (@EricBalchunas) December 2, 2025

Bloomberg ETF analyst Eric Balchunas said the SEC is now directly challenging strategies it believes exploit technical gaps in leverage limits, leaving issuers facing a clear choice: adjust their products or abandon them.

The action also coincides with renewed warnings from former SEC Chair Gary Gensler, who continues to caution that most crypto-linked assets remain highly speculative despite growing institutional interest.

The post SEC Blocks 5x Leveraged Crypto ETFs in Sweeping Crackdown – Are High-Risk Funds Dead? appeared first on Cryptonews.

• Bitcoin’s 2025 cycle shows rising institutional flows, lower volatility, and deeper liquidity.
• Tokenized real-world assets surge to $24 billion, boosting institutional adoption and on-chain activity.
• ETFs reshape Bitcoin liquidity as stablecoins remain key rails in a more mature digital asset market.

Bitcoin’s latest cycle is developing under a very different market structure, with data from Glassnode and Fasanara Capital pointing to deeper institutional participation, rapid growth in tokenized real-world assets, and a notable drop in volatility.

Their Q4 Digital Assets Report highlights how Bitcoin’s behaviour has shifted as regulated investment channels expand, and liquidity becomes more stable across spot, derivatives, and on-chain markets.

The findings show how ETF flows, settlement activity, and broader adoption of tokenised instruments are shaping a more mature phase in the digital asset ecosystem.

These structural changes are defining how capital moves through Bitcoin in 2025.

Institutional flows reshape the cycle

The report estimated that Bitcoin has absorbed around $732 billion in new capital during this cycle.

This has occurred alongside a clear decline in one-year realised volatility, which has fallen by nearly half.

Glassnode linked this trend to increased depth across major markets and a larger share of trading driven by institutional strategies.

Glassnode also reported that Bitcoin settled approximately $6.9 trillion over the past 90 days.

This puts Bitcoin in a range comparable to payment networks such as Visa and Mastercard.

Even with more trading moving into ETF and brokerage channels, the report found that Bitcoin and stablecoins still dominate value transfer on public blockchains.

ETF channels deepen liquidity

ETF-linked demand has reshaped how investment enters and exits Bitcoin.

Instead of relying mainly on on-chain movement or exchange activity, a greater share of flows now passes through regulated investment vehicles.

According to the report, this shift has encouraged smoother liquidity conditions and fewer sharp price changes in spot markets.

Traditional market makers and arbitrage firms have increased their presence due to ETF participation.

Their involvement has tightened spreads and reduced disruption during periods of heightened selling pressure.

This development reflects a broader alignment between digital asset markets and established financial infrastructure.

Tokenized RWAs accelerate

Tokenized real-world assets have expanded from $7 billion to $24 billion within one year.

Glassnode stated that this rise reflects stronger institutional demand, including interest from pension funds, hedge funds, and corporations that want on-chain exposure to familiar financial instruments.

Tokenized funds have gained momentum as asset managers test new distribution models and investors seek simplified access to traditional assets.

Platforms involved in tokenised RWAs have strengthened custody, settlement, and compliance systems.

This foundation has encouraged consistent inflows throughout 2025, supporting a growing segment of the market that links traditional assets with blockchain settlement rails.

Stablecoin role strengthens

Glassnode described the market structure as larger and more stable than in previous cycles.

The data indicated deeper liquidity across spot, derivatives, and on-chain channels, which has contributed to a more measured trading environment.

Reduced volatility has become a defining feature of the cycle, shaped by institutional trading strategies that tend to use steady allocation models.

Stablecoins continue to serve as key connectors between traditional and digital financial systems.

The report stated that stablecoin settlement demand remains substantial across centralised and decentralised platforms.

Glassnode characterised the dual-rail system created by stablecoins and traditional infrastructure as a permanent part of the ecosystem, supporting both institutional flows and retail trading activity.

Analysts referenced in the report expect institutional participation to expand as tokenised funds gain broader acceptance.

Glassnode presented this phase as a turning point marked by heavier institutional flows, rising tokenisation, and reduced volatility.

These factors suggest that Bitcoin and the wider digital asset sector are moving into a more structurally mature environment in 2025.

The post Glassnode report reveals Bitcoin’s growing stability amid ETF activity and RWA expansion appeared first on CoinJournal.

Despite a 9% recovery on Tuesday, Bitcoin (BTC) has experienced considerable volatility, with its price plummeting to as low as $84,000 just 24 hours ago. This downturn has had a significant impact on Strategy (previously MicroStrategy) the public company that holds the largest BTC reserves, currently boasting over 650,000 coins.

Strategy T-Rex ETFs Plummet Nearly 85%

NewsBTC reported that the company’s CEO, Phong Le, suggested the possibility of selling some of their Bitcoin holdings in light of the current market conditions. 

Alongside this, the company’s leveraged exchange-traded funds (ETFs) have also faced substantial losses, intensifying worries about Strategy’s financial health.

Reuters highlighted that Strategy’s leveraged ETFs, which are designed to magnify returns on the firm’s stock, have been among the largest casualties of this year’s cryptocurrency slump. 

Two specific ETFs, the T-Rex 2X Long MSTR Daily Target ETF and the Defiance Daily Target 2x Long MSTR ETF, have seen dramatic declines, losing nearly 85% of their value this year. 

Additionally, the T-Rex 2X Inverse MSTR Daily Target ETF has dropped by 48% in the same time frame. In this environment, shares of Strategy, MSTR, have fallen more than 40% this year, driven primarily by Bitcoin’s price crash. 

Investor attention is now focused on Strategy’s “mNAV” (market net asset value) metric, which compares the company’s enterprise value to its Bitcoin holdings. 

Following Le’s comments, where he mentioned the firm might consider selling cryptocurrencies if the mNAV drops below 1, concerns grew about the firm’s long-term outlook. Current estimates place this ratio around 1.1, according to calculations by Reuters.

Analysts Remain Optimistic

Mike O’Rourke, the chief market strategist at JonesTrading, noted that Le’s remarks diminish the company’s message of steadfastness in holding Bitcoin, even amid market volatility. 

The company has also revised its full-year outlook, warning of a potential profit ranging from $6.3 billion to a loss of $5.5 billion, a stark adjustment from its earlier forecast of $24 billion in net profit. This prior estimate, made on October 30, anticipated Bitcoin reaching $150,000 by year-end.

Commenting on the shifting strategies within the firm, Vincenzo Vedda, chief investment officer at DWS, remarked, “Great strategy from Strategy, while prices go up. When they go down, well, the strategic options left to the company are limited.”

Since entering the Nasdaq 100 index, Strategy’s shares have dropped more than 70% from their peak in November 2024, more than halving in value over the year. 

Despite this dismal performance, analyst sentiments remain relatively optimistic; of the 16 brokerages monitoring Strategy, 10 recommend it as a “buy” while four suggest a “strong buy,” with an overall median price target of $485, reflecting a potential 183% increase over the next year based on LSEG data.

When writing, the market’s leading cryptocurrency, Bitcoin, managed to recover the $92,000 line.

Featured image from DALL-E, chart from TradingView.com 

Franklin Templeton has taken a significant step that is already drawing attention across the crypto market. The asset-management giant has filed with the US Securities and Exchange Commission to broaden its Franklin Crypto Index ETF, confirming that Dogecoin will officially be added beginning December 1. 

The expansion shifts Franklin Templeton’s product from a Bitcoin- and Ethereum-focused offering into a more diversified crypto basket that gives investors access to a broader range of digital assets through a single instrument. This comes just a few days after Franklin Templeton launched its Spot XRP fund.

Franklin Templeton Expands Into A Wider Multi-Asset ETF

The success of Bitcoin and Ethereum ETFs has encouraged major institutions to look beyond the top two cryptocurrencies and build products that cover a wider range of well-known digital assets. Franklin Templeton’s latest move follows that trend by reshaping its Franklin Crypto Index ETF into a more expansive portfolio that includes several leading altcoins, Dogecoin among them.

The revised structure takes effect on December 1 and shifts the ETF to a design that reflects the broader market rather than a two-asset concentration. Franklin Templeton acknowledged this change through an announcement on X, presenting an updated token lineup that now spans everything from large market-cap cryptocurrencies like Cardano, Solana, and XRP. 

Even within that group, Dogecoin stands out, stepping further away from its reputation as a meme-based cryptocurrency and moving into a more institutionally recognized role.

Dogecoin Steps Into New Phase Of Institutional Exposure

Dogecoin’s inclusion in Franklin Templeton’s expanded ETF comes at a moment when the token is already experiencing increased attention from traditional finance. The first batch of Spot Dogecoin ETFs has only recently entered the market, and this is a milestone that would have been unthinkable a few years ago. 

Grayscale was the first major issuer out of the gate with its GDOG product, followed shortly after by Bitwise, which launched its own Dogecoin ETF at the request of its community. 

Early trading activity for these funds has been modest compared to the spectacular debuts once seen with Bitcoin and Ethereum ETFs, but it is still too early to tell, as the market might still be determining how much institutional interest exists for a meme-origin asset wrapped in a regulated structure.

Several other issuers have filings in progress and are preparing for their own Dogecoin products to go live. Some are positioning themselves carefully to see how the first batch of ETFs performs. According to Bloomberg Senior ETF analyst Eric Balchunas, there are likely about 100 crypto-based ETFs waiting to be launched in the next six months.

Bitocin treasury companies continue to accumulate a significant amount of BTC despite current market conditions and now control around 5% of the total BTC supply. These companies are led by Michael Saylor’s Strategy and Metaplanet, which have recently raised fresh capital to buy the dip. 

Bitcoin Treasury Companies Now Hold Over 1 Million In BTC

Bitcoin Treasuries data shows that the top 100 public Bitcoin treasury companies currently hold 1,058,929 BTC, while all public companies combined hold 1,061,697. Notably, Strategy is the largest public Bitcoin holder with 650,000 BTC. Michael Saylor’s company yesterday announced another 130 BTC purchase for $11.7 million. 

Meanwhile, the second-largest Bitcoin treasury company is BTC miner MARA holdings, which holds 53,250 BTC. Tether-backed Twenty One Capital, Metaplanet, and Bitcoin Standard Treasury Company complete the top 5, with 43,514, 30,823, and 30,021 BTC, respectively. Meanwhile, companies like Coinbase, Bullish, and Trump Media are among the top 10 largest BTC treasury companies. 

It is worth noting that these public companies account for only a part of the Bitcoin treasuries. Further data from Bitcoin Treasuries shows that there is currently 4 million BTC in treasuries as a whole, including the coins held by governments, private companies, exchanges, DeFi platforms, and ETFs.  

BlackRock is currently the second-largest Bitcoin holder, only behind Satoshi Nakamoto. Strategy is third on the list, while Binance and the U.S. government complete the top 5, with BTC holdings of 628,868 and 323,588, respectively. The 4 million BTC held by these treasury companies as a group accounts for 19% of the total Bitcoin supply. 

Bitcoin treasury companies such as Strategy and Metaplanet have raised new capital amid the recent crash to buy more BTC. Saylor’s company recently raised $836 million from its STRE offering, which it used to buy 8,178 BTC. Meanwhile, Metaplanet raised $130 million to expand its BTC treasury. 

More Companies Set To Adopt Bitcoin

More Bitcoin treasury companies are set to emerge as $10 trillion asset manager, Vanguard, will start offering BTC ETFs from today. Notably, some companies gain BTC exposure through these ETFs rather than buying Bitcoin directly. On-chain analytics platform Arkham Intelligence revealed that the largest U.S. bank, JPMorgan, holds $300 million worth of BlackRock’s BTC ETF. 

Meanwhile, it is worth mentioning that Bitcoin treasuries such as Strategy are coming under immense pressure amid the current market downtrend. Strategy’s CEO, Phong Le, admitted that they might have to sell Bitcoin as a last resort to fund dividend payments if their mNAV drops below 1x and they can no longer raise capital. 

At the time of writing, the Bitcoin price is trading at around $87,000, up in the last 24 hours, according to data from CoinMarketCap.

• Grayscale has launched the first US spot LINK ETF today.
• HYPE rallies after Sonnet shareholders authorize Hyperliquid DAT’s merger.
• ASTER gains more than 13% on a new collaboration with WLFI.

Cryptos rebounded on Tuesday as the value of all tokens increased by more than 6% to $3.06 trillion.

Bitcoin has reclaimed $90,000 as Ethereum trades above $3,000.

This article evaluates three altcoins, Chainlink, HYPE, and ASTER, that remained in the spotlight today for various reasons.

Grayscale’s spot Chainlink ETF goes live

Grayscale has officially converted its Chainlink Trust to an ETF today, introducing the first-ever US exchange-traded fund.

The debut has met considerable anticipation among the cryptocurrency community as many view Chainlink’s oracle infrastructure as crucial to tokenized real-world assets (RWA) and decentralized finance (DeFi).

Commenting on GLINK’s debut, Grayscale’s ETF official Inkoo Kand said:

Chainlink’s decentralized oracle network is setting the market standard for verifiable data and cross-chain connectivity that underpins tokenization and DeFi across public blockchains. With GLINK, investors can gain exposure to this foundational infrastructure in the familiar ETP wrapper.

Meanwhile, GLINK will simplify institutional access to Chainlink, allowing traditional investors to interact with crypto without directly handling the token.

LINK reacted positively to the ETF news, gaining more than 12% to trade at $13.32.

HYPE gains 10% after key milestone

HYPE soared more than 10% over the past 24 hours after Sonnet confirmed a crucial structural breakthrough.

According to today’s, December 2, press release, the company’s shareholders have approved the decision to introduce Hyperliquid Decentralized Autonomous Treasury (DAT).

Sonnet BioTherapeutics Holdings, Inc. Announces Stockholder Approval of Proposed Business Combination with Hyperliquid Strategies Inchttps://t.co/tzF9O6EgSM $SONN pic.twitter.com/cOT6JSp2ai

— Sonnet Bio (@SonnetBio) December 2, 2025

The plan involves Sonnet merging with Rorschach I LLC to form a unified entity called Hyperliquid Strategies.

Most importantly, the new firm plans to raise $1 billion to buy HYPE.

The massive bet signals unwavering institutional trust in the altcoin.

HYPE is hovering at $33.03 after gaining over 10% within the past 24 hours.

ASTER rallies after WLFI alliance

Aster’s native coin also recorded impressive price actions, gaining over 13% within the last 24 hours.

The upside momentum coincided with a strategic collaboration with Donald Trump-affiliated World Liberty Financial.

Aster founder and CEO Leonard announced the alliance at the fintech and crypto conference in Dubai.

Under this agreement, the decentralized exchange will integrate WLFI’s USD1 – a move designed to enrich the stablecoin’s adoption.

The altcoin is trading above the $1 psychological level after gaining over 13% on its daily price chart.

ASTER eyes further rallies, but declining 24-hour trading volumes highlight weakness.

Meanwhile, the broader crypto market remained elevated today, recovering from sharp dips in the past few sessions.

Bitcoin has gained over 7% on its daily price chart, while Ethereum increased by 10%.

Quantitative tightening ending and renewed ETFs interest fuel the current upside momentum.

The post Altcoins today: Grayscale’s LINK ETF debuts; HYPE and ASTER soar up to 13% appeared first on CoinJournal.

Bank of America has taken a major step toward expanding regulated crypto exposure across traditional finance, allowing more than 15,000 of its wealth advisers to recommend Bitcoin exchange-traded funds to clients for the first time.

Confirmed in a statement shared with Yahoo Finance, the move marks a major integration of Bitcoin products into the banking sector to date and indicates a rising appetite for digital assets among large U.S. institutions.

BofA’s New Crypto Access Marks Turning Point Ahead of Potential Stablecoin Launch

Until now, Bank of America’s wealthiest clients could only access Bitcoin ETFs by directly requesting them, leaving advisers unable to initiate any crypto-related recommendations.

However, starting January 5, clients of Merrill, Bank of America Private Bank, and Merrill Edge will gain streamlined access to four spot Bitcoin ETFs.

These include the Bitwise Bitcoin ETF, Fidelity’s Wise Origin Bitcoin Fund, Grayscale’s Bitcoin Mini Trust, and BlackRock’s iShares Bitcoin Trust.

The bank is pairing this access with formal guidance that encourages clients to consider a small crypto allocation.

Bank of America’s chief investment officer, Chris Hyzy, said clients with an interest in innovation and an understanding of market swings could consider a 1% to 4% allocation to digital assets.

He noted that the lower end of the range may be suitable for conservative investors, while those with a higher tolerance for portfolio swings may consider the upper end.

Hyzy stressed that the bank’s guidance remains focused on regulated investment vehicles and informed decision-making.

Bank of America, which holds roughly $2.67 trillion in consolidated assets and operates more than 3,600 branches, said the shift reflects rising demand from its client base.

The decision arrives as several other major U.S. financial institutions move deeper into crypto markets.

Morgan Stanley, in October, suggested that investors consider a 2%–4% allocation to crypto.

Morgan Stanley’s Global Investment Committee advises investors to keep a cautious 2%–4% of portfolios in crypto, tied to risk appetite.#MorganStanley #CryptoPortfolio https://t.co/Y9lycldVbs

— Cryptonews.com (@cryptonews) October 6, 2025

In January, BlackRock told clients that a 1%–2% Bitcoin allocation falls within a reasonable range, arguing that Bitcoin now carries a risk profile comparable to major tech stocks such as Apple, Microsoft, Amazon, and Nvidia.

Fidelity has also made a similar recommendation, stating that a 2%–5% Bitcoin allocation could offer upside while managing downside exposure.

Additionally, in June, Bank of America CEO Brian Moynihan said the firm has completed substantial groundwork on launching its own stablecoin, though the timeline will depend on regulatory clarity.

He added that the bank intends to meet customer demand when conditions allow.

Major Banks Deepen Crypto Push as Vanguard, Goldman, and JPMorgan Expand Services

Beyond investment guidance, several major banks have accelerated their broader crypto plans.

Vanguard, after years of hesitation, has begun allowing customers to trade crypto-focused ETFs and mutual funds on its U.S. brokerage platform.

Vanguard will allow trading of crypto-focused ETFs and mutual funds starting Tuesday, opening access to Bitcoin, Ether and other tokens for millions of investors.#Vanguard #CryptoETFs https://t.co/mmU1DdIi7s

— Cryptonews.com (@cryptonews) December 2, 2025

Goldman Sachs recently agreed to acquire Innovator Capital Management, adding a set of defined-outcome ETFs, including a Bitcoin-linked product, to its asset-management division.

JPMorgan Chase has ramped up crypto integrations as well, allowing customers to fund Coinbase accounts using Chase credit cards.

Meanwhile, regulators in the United States and abroad are shaping the environment in which these institutions will operate.

The Office of the Comptroller of the Currency recently confirmed that national banks may hold crypto on their balance sheets for activities such as paying blockchain transaction fees.

U.S. banks officially cleared to hold crypto following the @USOCC policy reversal, a major win for digital assets and traditional finance. #OCC #Bankshttps://t.co/PYpmuOPZmK

— Cryptonews.com (@cryptonews) November 19, 2025

Additionally, a growing shift among younger investors is also influencing this wave of institutional activity.

A survey from crypto payments firm Zerohash found that 35% of young, high-earning Americans have already moved money away from advisers who do not offer crypto exposure.

More than 80% said their confidence in digital assets increased as major institutions adopted them.

The study also found strong demand for access to a wider range of digital assets beyond Bitcoin and Ethereum.

The post Bank of America Just Unleashed Bitcoin ETFs to 15,000+ Advisers – Here’s Why It Matters appeared first on Cryptonews.

A recent XRP price analysis from a prominent supporter has placed the cryptocurrency’s long-term value in the four-figure range. Although XRP is currently trading around $2, the analyst believes a rise to $1,000 is necessary for the altcoin. His outlook stems from the cryptocurrency’s underlying utility rather than speculation, emphasizing how global liquidity systems could drive prices upward through massive settlement volumes. 

Why The XRP Price Needs To Climb To $1,000

Crypto analyst @unkownDLT has shared a rather ambitious price forecast for XRP this week. The analyst claims that the cryptocurrency must reach thousands of dollars to operate as a fundamental component within global settlement and collateral markets. He highlights that this bold target is not mere speculative hype but a projection of what could unfold if XRP were to serve as the backbone of global liquidity flows. 

@unkownDLT argues that capturing even a small share of about 5-10% of the global value transfer market would require the cryptocurrency to be worth at least $1,000 to operate efficiently. From this viewpoint, XRP’s high potential value is a necessity. 

Typically, trillions of dollars move across borders through banks, clearing houses, and collateral markets each day. The analyst suggests that if XRP were to serve as a bridge asset for major institutions and cross-border payment systems, its price would need to be high enough to prevent the blockchain network from running out of usable supply. In essence, a higher valuation would allow the network to handle larger transaction volumes without requiring enormous amounts of XRP for every transfer. 

@unkownDLT explained that a low-value asset cannot serve as an effective settlement buffer for global finance. On the other hand, a higher-value token would provide more usable liquidity and offer greater stability and lower volatility. Since its inception, XRP has had a fixed number of units, so a rise in its price is one of the few ways to scale its capacity to handle trillions of dollars in daily global inflows. 

XRP’s Price Discovery And True Value

In a separate post, @unkownDLT revealed that XRP has yet to experience a price discovery. Currently, the cryptocurrency is in a downtrend and has consistently failed to reclaim previous highs. The analyst has set XRP’s price discovery target above $3.4, representing a 69% increase from its current price of around $2.00. He says that technical patterns do not drive this bullish target, but the emergence of new market conditions. 

According to @unkownDLT, XRP has never traded in an environment shaped by institutional inflows, regulatory clarity, Exchange-Traded Funds (ETFs), or a global shift toward distributed ledger infrastructure. With these elements converging, he believes the next cycle will behave differently from past market cycles. 

The analyst has also highlighted that XRP’s true value becomes visible only when institutions require a neutral asset to settle tokenized value across interconnected networks. He described the cryptocurrency as a universal clearing layer that bridges settlement environments and enables seamless movement across digital financial systems.

• Grayscale says Bitcoin may bottom and could break the halving cycle with new highs in 2026.
• ETF outflows ease with four days of inflows, signaling buyer interest returning.
• Fed rate decisions and US crypto legislation may drive Bitcoin’s 2026 outlook.

Bitcoin’s latest retracement may already be stabilizing, with asset manager Grayscale arguing that the market is on track to break its traditional four-year halving cycle and could set fresh all-time highs in 2026.

Despite uncertainty following a 32% decline from recent peaks, emerging indicators suggest the current drawdown may be closer to a local bottom than the start of a prolonged downturn.

Market indicators point to a local bottom

According to Grayscale’s Monday research report, Bitcoin’s performance in 2025 has already shown characteristics that diverge from the typical post-halving trend.

The firm believes the long-held four-year cycle thesis is likely to prove incorrect and that Bitcoin may reach new highs next year.

One of the key signals cited is the elevated Bitcoin option skew, which has risen above 4.

This level indicates investors have already hedged extensively against additional downside, often a sign that selling pressure may be thinning out.

Grayscale argues that although the broader outlook remains uncertain, current dynamics support the case for a cyclical shift.

Still, analysts warn that a sustained recovery hinges on meaningful reversals in several major flow metrics.

These include futures open interest, ETF inflows, and selling activity from long-term Bitcoin holders—all of which have pressured prices in recent weeks.

ETF outflows ease as buyer appetite slowly returns

US spot Bitcoin ETFs, a major driver of the asset’s momentum throughout 2025, placed substantial downward pressure on the market in November.

The products recorded $3.48 billion in net outflows during their second-worst month on record, according to data from Farside Investors.

However, the trend has begun to reverse.

The funds have now posted four consecutive days of inflows, including a modest $8.5 million on Monday.

While early, the shift suggests investor interest may be gradually recovering following the recent sell-off.

Market positioning reflects what Nexo analyst Iliya Kalchev calls a “leverage reset rather than a sentiment break.”

He adds that the near-term trajectory depends on whether Bitcoin can reclaim the low-$90,000 range to avoid slipping toward stronger support in the mid-to-low $80,000 levels.

Fed policy and US crypto legislation emerging as key catalysts

Investors now turn to the next major macro catalyst: the U.S. Federal Reserve’s interest rate decision on December 10.

Markets currently assign an 87% probability to a 25-basis-point rate cut, sharply higher than the 63% odds priced in one month ago.

Grayscale notes that the Fed’s decision and its forward guidance could play an important role in shaping Bitcoin’s trajectory into 2026.

Later in the year, continued progress on US digital asset regulation may offer another catalyst.

Attention has focused on the Digital Asset Market Structure bill, which Grayscale says could help accelerate institutional adoption if it maintains bipartisan support ahead of the midterm elections.

Momentum began with the passage of the CLARITY Act in the House earlier this year, part of a broader Republican “crypto week” initiative.

Senate leaders from both parties have expressed interest in building on the legislation through the Responsible Financial Innovation Act, which aims to establish a clearer regulatory framework for digital asset markets.

The bill is under review in both the Senate Agriculture Committee and the Senate Banking Committee.

Senate Banking Chair Tim Scott has stated that lawmakers aim to finalize and sign the legislation into law by early 2026, a timeline that could align with what Grayscale sees as a pivotal year for Bitcoin’s next phase of growth.

The post Bitcoin’s downturn shows signs of bottoming as Grayscale sees new highs ahead appeared first on CoinJournal.

XRP price has formed a bullish cross on its weekly Stochastic RSI, creating a bullish sign for the cryptocurrency at a time when its price has been struggling to break away from the $2 region. The cryptocurrency has spent the past several days moving into a downturn, and buyers will now be looking to defend $2.

Even though momentum has been limited, new inflows from recently launched XRP ETFs have kept sentiment from turning full-on bearish. 

XRP Stochastic RSI Undergoes Bullish Weekly Cross

According to crypto analyst ChartNerd, XRP has just printed a bullish cross on its weekly Stochastic RSI while still sitting deep in oversold territory. The chart he shared highlights how the blue %K line has curved upward and crossed above the orange %D line at one of the lowest points of the cycle. 

With this move, the indicator has now repeated a structure that previously marked major turning points during XRP’s past market swings. Oversold weekly conditions paired with a confirmed cross are useful in predicting the early stages of trend reversals, especially when they occur after extended downside momentum. 

ChartNerd pointed out that this same configuration appeared twice recently, first in 2024 and again in 2025, and both instances produced powerful rallies. The 2024 cross preceded a surge of more than 600%, at which point the XRP price went from trading around $0.5 to trading above $3. 

The mid-2025 cross delivered a smaller yet still significant 130% run, at which point the XRP price went from hovering around $2.1 to breaking new all-time highs above $3.6 in July. 

As shown in the chart below, these earlier crosses are marked at similar low points, forming a repeating rhythm of sharp recoveries whenever the weekly Stochastic RSI resets and turns up. The current setup is in the same zone, and this opens up speculation that XRP’s price action may be forming the base of its next major upward leg.

Is Another Major XRP Pump Approaching?

Although past performance does not dictate what happens next, the indicator’s consistency on the weekly timeframe is difficult to ignore. XRP’s price is again positioned inside a compressed region just as it was before its previous large rallies. This time, the price zone to take note of is around $2.

If buyers regain strength and the wider crypto market conditions improve, most notably Bitcoin climbing back above $100,000, then the probability of a stronger XRP reaction increases. The only thing going well right now for XRP is the inflows into US-based Spot XRP ETFs, with $89.65 million worth of new institutional funds coming in on December 1.

A rally similar to the 130% rebound seen during the previous cycle would lift XRP from $2 to about $4.60. A repeat of the much larger 600% surge would place the token above $14. This creates a potential range between $4.60 and $14 if the pattern repeats itself.

Goldman Sachs has agreed to acquire Innovator Capital Management for about $2 billion, bringing a provider of defined-outcome exchange-traded funds, including a Bitcoin-linked product, into the bank’s asset-management unit.

The deal, expected to close in the second quarter of 2026, is set to add roughly $28 billion in assets under supervision to Goldman’s asset-management arm.

That division reported $3.45 trillion in supervised assets at the end of the third quarter.

Goldman to Expand Defined-Outcome ETFs With Options Strategy Push

Goldman said the purchase would expand its lineup of active and defined-outcome ETFs, products that rely on options strategies to cap losses and preset how much of an asset’s upside investors can capture over a set period.

Innovator has drawn attention in crypto circles through its structured Bitcoin exposure. Launched in February, the firm’s QBF ETF uses FLEX options tied to Bitcoin ETFs or the Cboe Bitcoin US ETF Index to track part of Bitcoin’s performance while limiting quarterly losses to 20%.

The current design allows investors to capture 71% of any positive price move over a quarter. As of Friday, QBF held about $19.3 million in market value, according to Innovator.

The acquisition highlights how quickly Goldman’s stance on digital assets has shifted. In 2020, the bank publicly warned clients away from cryptocurrencies.

HUGE: Goldman Sachs to acquire Innovator ETFs (the Buffer ETF people) for $2b. Wow. This product set has ‘only’ $28b but they all charge like 80bps = revenue machines (hard to find in Vgrd Era). This also gives Goldman a huge lift, they were eerily quiet since ex-JPM star Bryon… pic.twitter.com/n3He287c7g

— Eric Balchunas (@EricBalchunas) December 1, 2025

Since then, it has steadily ramped up its activity across the sector. Between 2020 and 2024, Goldman participated in 18 investments in blockchain firms, ranking it among the most active global backers of early-stage crypto companies.

Its exposure via ETFs has grown as well. In the second quarter of 2024, the bank bought around $419 million in Bitcoin ETF shares, according to CoinShares’ analysis of regulatory filings.

By the fourth quarter, disclosures showed nearly $1.28 billion in the iShares Bitcoin Trust and $288 million in Fidelity’s Wise Origin Bitcoin Fund. The bank also lifted its Ethereum ETF holdings to $476 million.

In July, Goldman Sachs and Bank of New York Mellon launched a system allowing institutional clients to access tokenized money market funds.

The offering targets the $7.1 trillion market, uses Goldman’s blockchain platform to record fund ownership, and is integrated with BNY’s custody services.

Vanguard Opens Platform to Crypto-Linked ETFs

As reported, Vanguard has opened its US brokerage platform to crypto-focused ETFs and mutual funds, ending years of resistance to digital assets.

Clients can now trade third-party funds holding Bitcoin, Ether, XRP and Solana, provided the products meet regulatory standards, according to Bloomberg.

The shift matters because of Vanguard’s scale. With about $11 trillion under management and more than 50 million clients, millions of investors who previously could not buy spot Bitcoin ETFs through their Vanguard accounts now have a direct route into crypto-linked products.

The firm will treat these funds similarly to other “non-core” assets such as gold.

The post Goldman Sachs to Acquire Bitcoin ETF Issuer Innovator in $2B Deal appeared first on Cryptonews.