crypto

Sage D. Young6/16/25

Purpose Investment’s spot XRP ETF to begin trading in Canada on June 18

XRP bounced on news that asset management company Purpose Investment’s spot XRP ETF will begin trading on the Toronto Stock Exchange on Wednesday, according to a press release, which said the Ontario Securities Commission granted a “final prospectus receipt for the Purpose XRP ETF, marking a significant milestone in the evolution of digital asset investing in Canada.”

The price of XRP, the fourth-largest cryptocurrency by market capitalization, has gained 7.3% in the last 24 hours, outpacing bitcoin, ethereum, Solana, and dogecoin, data from CoinGecko shows.

The Purpose XRP ETF enables investors to gain exposure to the token without directly owning XRP and is the first spot XRP ETF available in North America, though there is a leveraged XRP ETF from Teucrium Investment Advisors that launched in April.

A number of US firms including Bitwise, 21Shares, and Grayscale are gearing up to roll out their own spot XRP ETFs. Elsewhere, asset manager Hashdex launched a spot XRP ETF in Brazil in April.

The announcement comes after Trident Digital Tech Holdings, Webus, and VivoPower International have each adopted an XRP crypto treasury strategy.

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What will happen if bitcoin and ethereum hit key liquidation levels

Billions in forced liquidations have swept through crypto markets in Q4. Here are the major liquidation clusters on perpetuals protocol Hyperliquid where leverage may unwind.

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crypto

Claire Yubin Oh11/25/25

BlackRock’s IBIT on track for its worst month of net outflows, as investors yank $2.3 billion from the bitcoin ETF in November

BlackRock’s iShares Bitcoin Trust ETF, the world’s largest bitcoin fund, is heading for its worst month of outflows since it launched in January 2024.

Investors have pulled over $2.3 billion (net) throughout November so far. The jitters come as bitcoin grapples with its worst downturn since 2022, when the entire crypto world shook following the fall of Sam Bankman-Fried’s FTX — bitcoin has dropped more than 40% from its October high as of Monday’s close.

With their soaring popularity redefining and legitimizing cryptocurrencies at an institutional level, spot bitcoin ETFs have become a key barometer of wider investor sentiment surrounding the digital currency — as well as risk assets more broadly.

Notably, spot bitcoin ETFs like BlackRock’s iShares Bitcoin Trust tend to see their inflows accelerate with rising prices, and amplify falling prices when outflows become dominant. Citi Research, cited by Bloomberg, found that this feedback loop sees a ~3.4% price drop for every $1 billion pulled out from bitcoin ETFs.

Related reading: Bitcoin’s plunge produces technical signal that implies 60% more downside to come

Yaël Bizouati-Kennedy

Bitcoin’s bloodbath slowed by Fed optimism, but as Citi analysts put it, crypto is “having a bit of a meltdown”

Bitcoin ETFs have seen $1.45 billion leave the funds this week so far.

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Hand Coming Out of Water

Ethereum falls below a critical level

The last time ethereum was below $3,000 was in July 2025, after a number of corporate firms had begun to roll out their ethereum treasury strategies.

Sage D. Young11/20/25

Yaël Bizouati-Kennedy

Bitcoin on its way to worst Q4 since 2018 as analysts see key signal for “bitcoin bear market”

The Crypto Fear & Greed Index is seeing “the longest Extreme Fear streak since the FTX collapse.”

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