ETF

New XRP ETFs from Grayscale and Franklin Templeton launch with strong inflows, fueling optimism for a price surge as analysts point to bullish patterns.

Solana ETFs have seen net inflows for 20 consecutive days, accumulating nearly €500 million since their launch. However, the SOL price has not followed suit, declining over 30% in the past month despite the strong institutional interest.

Grayscale has filed to convert its Zcash Trust into an ETF, potentially creating the first fund dedicated to the privacy coin. However, regulatory approval remains uncertain given authorities’ general skepticism toward privacy-focused cryptocurrencies.

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 has surged over 22% in recent days, marking its best performance since August. The rally is fueled by significant capital inflows into newly launched XRP exchange-traded funds on Wall Street from major players like Franklin Templeton and Grayscale.

Jan van Eck, CEO of asset manager VanEck, stated in a CNBC interview that his firm would exit Bitcoin if quantum computers compromise its cryptographic security. He also shared his views on market cycles, dollar-cost averaging, and the growing interest in privacy coins like Zcash.

Texas has become the first U.S. state to purchase Bitcoin, investing $10 million via BlackRock’s IBIT ETF to establish a strategic digital reserve. The state plans to eventually move to self-custody, setting a potential precedent for other states.

Dogecoin’s price surged by 5% following the launch of the Grayscale Dogecoin Trust ETF. The memecoin broke through key resistance levels, leading analysts to speculate if this marks the start of a new bullish phase.

Dogecoin and XRP have launched their first ETFs, marking a milestone for the crypto market. While the Dogecoin ETF has been met with positive sentiment, XRP’s price has not reacted as positively despite strong inflows.

Hedera (HBAR) shows mixed signals with recent ETF support and ISO 20022 alignment, but faces a declining price trend and shrinking ecosystem.