XRP ETFs See Massive Inflows, Bitcoin's Weakness Explained

Bitcoin and major cryptocurrencies experienced a slight uptick during Asian trading hours on Thursday, with Bitcoin nearing ninety-one thousand dollars. The crypto market capitalization rose by zero point six percent, reaching three point zero two trillion dollars. Ether, XRP, and BNB saw gains, while XRP ETFs, such as Grayscales GXRP and Franklin Templetons XRPZ, attracted significant inflows, totaling over six hundred twenty-eight million dollars. Bitcoins recent weakness is attributed to institutional investors managing risk, rather than a negative outlook, as the risk-reward profile suggests a period of accumulation.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.