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Spot XRP ETFs Close In on $1 Billion AUM as Inflow Streak Remains Unbroken Highlights • Spot XRP ETFs approach 1 billion dollars in AUM within 30 days • Products remain among the fastest growing crypto ETFs in the US • REX Shares and Tuttle Capital launch a 2x leveraged XRP ETF Spot XRP ETFs in the US are nearing the 1 billion dollar assets-under-management milestone less than a month after launching. The funds have maintained a rare streak of continuous inflows, recording zero outflow days since debut. $XRP ETFs Maintain Strong Inflows Data from SoSoValue shows total inflows into spot XRP ETFs have reached 881.25 million dollars since November 14. The products added another 12.84 million dollars yesterday, with daily trading volumes staying steady at 26.74 million dollars. This rapid growth places XRP ETFs among the fastest expanding crypto investment vehicles in the country. Spot Solana ETFs have accumulated over 600 million dollars, while Bitcoin and Ethereum ETFs hold about 58 billion and 13 billion dollars respectively. The initial momentum came from Canary Capital’s launch, which delivered more than 59 million dollars in first-day trading and 245 million dollars in early inflows. Subsequent products from Grayscale, Bitwise, and Franklin Templeton further accelerated adoption. Bitwise alone recorded over 105 million dollars shortly after listing. The market will soon add another entrant as 21Shares prepares to launch its XRP ETF under the ticker TOXR on Cboe BZX after securing SEC approval. XRP ETF Market Expands With New Leveraged Products Momentum continued this week with the introduction of the T-REX 2X Long XRP Daily Target ETF by REX Shares and Tuttle Capital. The fund offers investors twice the daily performance of XRP, adding a leveraged option to the growing ecosystem. In a major development, Vanguard has reversed its longstanding position and will now permit trading of spot crypto ETFs, including XRP products. This opens access for a massive base of retail and institutional clients.
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Tom Lee’s BitMine Adds Another $150 Million in ETH as DAT Market Crashes 81% Highlights • BitMine buys another 150 million dollars in Ethereum • Firm now holds more than 3 percent of ETH’s circulating supply • Ethereum DAT purchases drop 81 percent in November Tom Lee’s BitMine has continued its aggressive accumulation of Ethereum even as the broader DAT treasury market collapses. The firm purchased another 150 million dollars worth of ETH this week, lifting its holdings above 3 percent of circulating supply. BitMine Extends Heavy ETH Buying On-chain data from Arkham shows BitMine added 18,345 ETH via BitGo and 30,278 ETH through Kraken. This follows a string of buys, including 14,618 ETH last week and 96,798 ETH earlier this week. The firm aims to accumulate 5 percent of Ethereum’s total supply as it positions for ETH’s expanding role in settlement and tokenization. Despite this strategy, BitMine’s stock BMNR has dropped more than 81 percent from its peak. The company’s ETH treasury is now valued near 12 billion dollars, with unrealized losses around 2.8 billion dollars. DAT Market Suffers Major Collapse BitMine’s buying stands out as the DAT market faces a sharp decline. Bitwise data shows monthly DAT purchases plunged 81 percent in November to just 370,000 ETH, down from the August high of 1.97 million $ETH . Bitwise analyst Max Shannon said the DAT market is undergoing a rapid unwind as smaller treasuries face liquidity pressure. He noted falling mNAVs, shrinking premiums, and weakening purchasing power are accelerating the downturn. Earlier in the year, firms like SharpLink Gaming were purchasing over 100 million dollars worth of ETH monthly, but demand has now dried up across the sector.
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🔥 BONK just made a major ecosystem move The team updated its fee structure so every BONK powered platform activity now creates automatic buy pressure through DAT purchases and burns With Bonk.fun dominating Solana launches and BonkBot handling millions
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“The biggest wins in crypto aren’t in the crowded spots. They’re hidden where no one is even looking.” 🔍✨ In this episode, @sharmasunil8114 asks the tough questions 🎙️ and Stephan Lutz, CEO of @BitMEX, delivers powerful insights 💬🔥. A true mastercla
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#Kalshi #Robinhood and Crypto com Hit With Cease and Desist Order in Connecticut 🚨 Connecticut regulators have ordered Kalshi, Robinhood and Crypto com to immediately halt all sports related prediction markets and online wagering, escalating state level scrutiny of platforms operating under the banner of prediction markets. 🔑 Key Highlights ✅ Connecticut issues cease and desist orders to Kalshi, Robinhood and Crypto com ✅ Regulators say the platforms are offering unlicensed sports wagering ✅ Kalshi files a lawsuit seeking to block the order Why it matters Connecticut’s Department of Consumer Protection Gaming Division has issued cease and desist orders to KalshiEX LLC, Robinhood Derivatives LLC and Crypto com, accusing them of running illegal online sports betting without the state required licenses. DCP Commissioner Bryan T. Cafferelli said only licensed operators may offer sports wagering in Connecticut and alleged that these platforms violated state gaming laws, including restrictions on offering wagers to individuals under 21. Officials warned that prediction market contracts framed as investments are still considered illegal sports bets under state law. DCP Gaming Director Kris Gilman stressed that these platforms operate outside a regulated environment, putting users at risk with no consumer protections for funds or personal data. All three companies must stop advertising, promoting or offering any form of sports event contracts and must allow Connecticut residents to withdraw their funds immediately. Failure to comply may lead to civil and criminal penalties. Currently, only DraftKings, FanDuel and Fanatics are licensed to offer sports wagering in the state.
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