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XRP up 7 percent as some spot ETFs jump 17 percent in rare price dislocation

Some U.S.-listed XRP spot exchange-traded funds rose nearly twice as much as the XRP token, showing an unusual price dislocation. While XRP gained about 7 percent intraday, some regulated fund shares jumped 16 to 17 percent. Analysts pointed to low liquidity and order-flow distortions that pushed ETF prices into a premium over net asset value. Despite the rally, the market recorded a net outflow of $7.2 million the prior day, all from Bitwise.

Crypto

Tether enters Stellar network, expands payments and RWA ecosystem with USDT

Tether’s stablecoin USDT has begun service on the Stellar network. Stellar users can access $180 billion in USDT liquidity through USDT0. The integration uses LayerZero’s OFT interoperability standard and aligns with Stellar’s focus on digital asset transfers and cross-border payments. Stellar has been expanding stablecoins, tokenised real-world assets and institutional infrastructure, including MoneyGram’s MGUSD launch in June.

Crypto

Bitwise XRP spot ETF stays on top with 35 percent market share

Bitwise’s XRP spot exchange-traded fund has surpassed $500 million in assets under management nine months after launch, with net assets at $507.23 million, the largest among XRP spot ETFs, according to The Crypto Basic. Bitwise said continued support from the XRP community and broader investor access helped drive the result. The fund has logged cumulative net inflows of $635.56 million and holds 34.98 percent of the $1.45 billion XRP spot ETF market.