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Ripple officials, developers of the XRP cryptocurrency, meet with Emirati officials to discuss accelerating financial innovation
Representatives from Ripple, the developer of the XRP cryptocurrency, led by Monica Long, the company's president, met with officials from the United Arab Emirates during the Dubai Fintech Summit, discussing the digital payment infrastructure and accelerating financial innovation. Monica Long, president of Ripple, said: "We are still impressed by the leadership demonstrated by Dubai, as it establishes itself as one of the leading global digital asset hubs."
The demand for exchange-traded funds is growing again
Another way to monitor the return of demand for exchange-traded funds is to note that the assets under management (AUM) have been growing strongly for several weeks. And now the metric is no longer far from the corresponding levels of the all-time high in February 2025:
The total assets under management (AUM) in exchange-traded funds in the United States surpassed 1.171 million BTC, just 11,000 BTC below the all-time high of 1.182 million BTC.
The acquisition rate of Bitcoin has dropped from 65% to 63% in the past two days, all shifting to the acquisition rate of Ethereum, leaving other currencies behind.
It is clear that liquidity has moved from Bitcoin to Ethereum, while other currencies are left crying in the corner. $BTC $ETH