Crypto

Bitwise buys 14 billion won of XRP despite weakness, reaffirming institutional demand

Bitwise made its biggest XRP purchase so far in October, even as XRP prices have weakened. Its XRP exchange-traded fund recorded an inflow of $10.55 million, or about 14 billion won. Bitwise was the only major XRP ETF to post net inflows on the day, while ETFs from managers such as Franklin Templeton and Canary Capital saw outflows. XRP fell about 5.46 percent to around $1.43.

Crypto

Litecoin marks 15 years of uninterrupted operations as ETF conversion accelerates

Litecoin has operated without interruption for 15 years since its genesis block, drawing renewed attention to its network durability and prospects for broader institutional products. On-chain data showed about 156,000 daily transactions as of Oct. 7, while MWEB pool size topped 563,000 LTC. Grayscale runs the Grayscale Litecoin Trust (LTCN) and filed an amended application in September to convert it into a spot ETF listed on NYSE Arca. SEC approval remains undecided.