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XRP spot ETFs recorded $643.92 million in cumulative net inflows during their first month of trading, according to SoSoValue data. The products also reached $676.49 million in total net assets, capturing 0.50% of XRP’s market capitalization.Daily inflows remained positive for most of the month. The strongest sessions included $243.05 million on November 14 and $164.04…

CoinShares has formally abandoned its planned three crypto ETFs, the Solana Staking ETF, the XRP ETF, and the Litecoin ETF. The U.S. Securities and Exchange Commission received the updated filings which asserted that all the ETFs proposed would no longer proceed. CoinShares Abandons Three Cryptocurrency ETF Plans All the withdrawals were made by means of…

Key Takeaways Bitcoin dominance has retreated to the 23.6 percent Fibonacci level after a steady multi week decline. Lower dominance levels often signal early stages of capital rotation into altcoins. Share this article Bitcoin dominance has dropped to the 23.6 Fibonacci retracement level, falling to 59% and continuing a decline that began in early November,…

The sentiment in the cryptocurrency market is currently a mix of frustration and cautious hope. After recording an all-time high of $1,245,000, Bitcoin has entered a prolonged period of consolidation, struggling notably to break and sustain itself above the crucial $95,000 price level. This significant pullback from its peak has led many investors and observers…

The CME Group has reopened its crypto markets after around 9 hours of downtime, which the exchange revealed was due to a cooling issue at its data center. This comes amid the exchange’s plans to launch new crypto products due to rising institutional demand. CME Crypto Markets Resume Trading After Cooling Issue In an X…