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Major Withdrawals Hit Bitcoin and Ethereum ETFs, Led by Grayscale Outflows Recent insights from Lookonchain, shared via Odaily, highlight significant capital movement out of major cryptocurrency ETFs, particularly those focused on Bitcoin and Ethereum. Ten U.S.-listed Bitcoin ETFs collectively saw a net outflow of 567 BTC, marking a substantial reduction in investor confidence or profit-taking behavior. Among these, Grayscale's GBTC led the exodus, with a withdrawal of 324 BTC, leaving its current holding at 192,233 BTC, which holds a market value of approximately $15.06 billion. The trend was mirrored in the Ethereum market, where nine Ethereum ETFs recorded a net outflow of 397 ETH. Again, Grayscale's ETHE was at the forefront, responsible for 247 ETH of the total outflows. Despite the movement, Grayscale ETHE maintains a substantial reserve of 1,200,009 ETH, translating to an estimated value of $1.84 billion. These outflows may reflect shifting investor sentiment, broader market trends, or portfolio rebalancing strategies amid fluctuating crypto prices. The consistent dominance of Grayscale in both the Bitcoin and Ethereum ETF spaces, despite recent reductions, underscores its pivotal role in institutional crypto investments. #BTC #ETH
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Did The Simpsons Predict XRP’s Surge? The Simpsons have a reputation for predicting major events, and some crypto enthusiasts believe they may have hinted at XRP’s future dominance. In one episode, a ticker displayed XRP skyrocketing, sparking speculation that the digital asset could reach unprecedented heights. With Ripple’s expanding partnerships and increasing real-world utility, many believe XRP is poised for significant growth. While some dismiss the connection as mere coincidence, others see it as yet another example of the show’s uncanny foresight. Could this be another accurate prediction? Only time will tell—but XRP’s potential is undeniable.
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#ILOVE$TRUMP TRUMP Token Soars Over 11% After President Trump's Social Media Endorsement President Trump’s viral post declaring, “I LOVE $TRUMP - SO COOL!!! The Greatest of them all!!!!!!!!!!!!!!!!!” sent shockwaves through the crypto community, sparking a rapid surge in the value of the $TRUMP token. Within just an hour of the post, the token’s price jumped over 11%, catapulting $TRUMP to the top of the most profitable cryptocurrencies in the last 24 hours. Adding to the frenzy, daily trading volume skyrocketed by more than 300%, surpassing $1.3 billion. This sharp spike in activity created mixed outcomes—some large investors experienced heavy losses, while small investors who timed the surge wisely saw impressive short-term gains. The TRUMP token has a maximum supply of 1 billion tokens, with only 20% currently in circulation. The remaining 80% are held by Trump-affiliated companies and are locked for three years, limiting immediate access and potentially impacting future market dynamics. This explosive growth underscores the influence of high-profile endorsements in the crypto space and the volatility that can follow. With $TRUMP making headlines, both supporters and skeptics are watching closely to see how this token evolves. #ILOVE$TRUMP
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