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 ETF growth strong, but Bitwise CEO says no $1 billion fund yet

The XRP spot exchange-traded fund market is growing quickly, but no single product has exceeded $1 billion in assets, the article said. Bitwise’s Solana staking ETF, BSOL, surpassed that level 10 months after launch, while XRP spot ETFs have not. Bitwise CEO Hunter Horsley said only Bitcoin, Ethereum and Solana have spot crypto ETFs above $1 billion. XRP ETFs rely on spot demand because XRP Ledger lacks native staking, the article said.