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Spot bitcoin ETFs see biggest inflows since Trump’s inauguration

Global inflows to spot bitcoin ETFs already total $2.4 billion this week, making it the strongest week since January 17.

“We saw a further $1 billion inflows yesterday alone,” CoinShares Head of Research James Butterfill told Sherwood News.  

Bloomberg Intelligence analyst Eric Balchunas posted on X yesterday that spot bitcoin ETFs are going into “Pac-Man mode,” and followed up today saying the ETF “bitcoin bender” has “consumed nearly 25,000 btc in three days.” 

BlackRocks iShares Bitcoin Trustwinner of the 2025 ETF.com award for Best New ETF — gained the most, attracting $643 million in single-day inflows yesterday. This represents the largest bump since December 5, 2024, according to Farside Investors data. Other gainers included ARK 21Shares Bitcoin ETF, which recorded $129.5 million in inflows on April 23, and Fidelity Wise Origin Bitcoin Fund, with $124.4 million.

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Crypto altcoin pain deepens as red monthly candles continue to stack up

XRP, solana, and dogecoin haven’t posted a positive monthly return since September, while ethereum is on track to have its fifth consecutive monthly red candle.

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Ripple launches treasury platform to manage cash and cryptocurrencies

Ripple, the firm closely tied to the fifth-largest cryptocurrency, XRP, introduced a new treasury platform for digital asset and traditional cash management for users like financial officers, treasurers, and accountants. 

Ripple’s move comes more than three months after it acquired treasury software provider GTreasury for $1 billion, one of several steps to grow the firm’s position in corporate finance.

Combining Ripple’s blockchain rails and GTreasury’s software, the new platforms goal is to simplify treasury operations. It eliminates settlement delays with payment times of three to five seconds and optimizes yield from working capital 24/7 through tokenized money market funds such as BlackRock’s BUIDL and overnight secure repo markets with RLUSD, according to a Tuesday blog post

Ripple Treasury also aims to provide “real-time cash positions, automated forecasting, and seamless reporting across traditional cash, digital assets, RLUSD, and XRP holdings,” the blog post stated.

Last year, Ripple filed its national banking license application with the US Office of the Comptroller of the Currency, while the firm’s subsidiary Standard Custody & Trust Company applied for a Federal Reserve master account, which would allow Ripple to hold RLUSD reserves directly with the Fed.

XRP has seen $2.4 billion in trading volume in the last 24 hours, increasing 1.8% in the period. The tokens all-time high was set in July 2025 at $3.65. Meanwhile, spot XRP ETFs had nearly $9.2 million worth of inflows on Tuesday, bringing cumulative inflows to $1.4 billion.

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