Spot bitcoin ETFs recorded net outflows of $70.47 million, extending a difficult stretch for the category after several days of heavy withdrawals. Blackrock's IBIT once again accounted for the majority of the decline, posting a $61.45 million exit. Fidelity's FBTC added another $10.12 million in outflows, reinforcing the cautious sentiment around the largest bitcoin-linked funds. Morgan Stanley's MSBT provided the only positive flow of the session with a modest $1.11 million inflow, though it was far from enough to offset the broader selling pressure.
Nine new XRP ( ) ETFs are launching across major U.S. exchanges this week. That's right, nine in a single week. This rapid rollout marks a major shift for institutional access to XRP and shows just how aggressively issuers are jumping into the market. Here's the thing though: all this excitement comes while XRP's price keeps sliding, even as record inflows start building. That gap between strong institutional demand and weak spot-market performance raises the real question.