ETFs

Ethereum’s ETFs have recorded their largest single-day inflow in six weeks, attracting over $270 million this week. The positive momentum comes as ETH outperforms BTC, though the market saw a broad pullback today.

The new XRP ETF has seen nearly $900 million in inflows, setting records, yet the XRP price has declined to around $2.03. This contrasts with the price rallies seen by Bitcoin and Ethereum after their own ETF launches, leaving investors wondering what’s behind the divergence.

Goldman Sachs is acquiring Innovator Capital Management for approximately $2 billion, a move that brings a crypto-linked ETF under its management for the first time and adds $28 billion in assets under management to its ETF division.

Grayscale’s Dogecoin ETF launched on the NYSE to a lukewarm reception, with just $1.4 million in first-day trading volume. This starkly contrasts with the highly successful launches of Solana and XRP ETFs, which saw volumes over 40 times higher.

XRP and Dogecoin prices are climbing ahead of the launch of new Grayscale ETFs for both assets on Monday. NYSE Arca has approved the listing of the funds, marking a significant expansion of crypto investment products.