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Crypto

Altcoin season fails to materialise despite bitcoin ETF outflows; demand concentrates in ETH, XRP, SOL

On a day when more than $120 million left U.S. bitcoin spot ETFs, about $59 million flowed into ETFs tied to ether, XRP and solana. The shift did not translate into broad-based altcoin gains, with BlockchainCenter’s altcoin season index at 37 versus a threshold of 75. Over 30 days, inflows and assets under management remained concentrated in bitcoin, ether, XRP and solana, while smaller altcoin ETFs drew far less.

Crypto

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

XRP Ledger trading concentrates in fewer accounts as per-account volume triples

Trading on the XRP Ledger became more concentrated in fewer accounts over the past year, a report showed. Daily trading accounts on the decentralised exchange order book fell to 1,111 from 1,864, while average daily volume per account rose about threefold to 3,217 XRP. Average daily order-book volume climbed 79 percent to 3.57 million XRP, and its share of total DEX trading rose to 81 percent. The report also cited growth in RLUSD and net inflows into U.S. XRP spot ETFs.