Crypto
$1.2B
Yaël Bizouati-Kennedy

XRP ETFs have now crossed $1 billion in assets since the funds launched, according to SoSoValue, which shows total assets of $1.18 billion.

In September, the SEC approved generic listing standards, which paved the way for speedier listings and opened the floodgates for these products, and shortly after, Rex-Osprey launched the first spot XRP ETF available in the US.

Canary followed suit in November, launching an ETF trading on the Nasdaq under the ticker XRPC, which saw a record $58.5 million in trading volume on its first day. It’s the largest XRP ETF in the US, with $342 million in assets.

Grayscale, Bitwise, and Franklin Templeton also launched their own XRP ETFs in November. On December 11, 21Shares joined the XRP fund party.

It’s a noteworthy green shoot in the crypto space, as bitcoin and its ETFs have struggled, and XRP itself is down nearly 15% over the past month.

Jake Hanley, managing director and senior portfolio specialist at Teucrium Investment Advisors — which launched the first-ever XRP-based ETF in April, the 2x Long Daily XRP ETF — told Sherwood News that he is not surprised to see this level of interest in the XRP ETFs.

“We have long held that XRP and the Ripple ecosystem present a unique investment case among crypto assets. Crossing the $1 billion mark is yet another signal of the significant vote of confidence investors have in this increasingly important asset and ecosystem,” Hanley said.

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Sage D. Young
9h
Crypto treasury bets are entirely unprofitable

The total unrealized loss of 22 digital asset treasury firms currently amounts to more than $19 billion.

Reflecting Man
crypto
Sage D. Young

Ethereum at a nine-month low after shedding over $100 billion in market cap in a week

Ethereum, the second-largest cryptocurrency, has shed over $100 billion of its market capitalization in the last seven days as the price falls under the $2,200 level, a nearly nine-month low, data from CoinGecko shows. 

Marking a bottom on any market action is difficult, but the price of ethereum still remains weak with more downside risks. Jim Hwang, COO of crypto investment firm Firinne Capital, told Sherwood News, “Looking back to the volatility back in April 2025, we see that there may be support around $1,500.” 

Meanwhile, spot ethereum ETFs have recorded $342 million in outflows so far this year. The token’s price action and ETF outflows are in “stark contradiction” to the network’s fundamentals, namely the increase in the amount of real-world assets tokenized and usage metrics, Hwang argued.

Ethereum’s price slump comes as cofounder Vitalik Buterin said on Tuesday that the “original vision of L2s and their role in Ethereum no longer makes sense,” pointing to how the progress of layer 2 networks has been slower and more difficult than initially expected, while the “L1 is itself scaling” and reducing fees.

Yaël Bizouati-Kennedy
13h
October 10 liquidation event is still a major weight on bitcoin’s price as analysts eye the $70,000 level

“I suspect, based on increased volatility and current price, we are not far from the bottom,” one expert said.

crypto
Yaël Bizouati-Kennedy

Bitcoin drops to lowest level since day after Trump’s election win

Bitcoin dropped to its lowest level since November 6, 2024, the day after the US presidential election, when it had been in ascendance amid unbridled enthusiasm about the incoming “crypto president.”

While the asset had a quick rebound from the weekend bloodbath, it is now down 2.2% in the past hour, which has brought the price below its lows seen in the sessions following the announcement of reciprocal tariffs on “Liberation Day” in April 2025.

It briefly broke below $74,000 and, according to Bernstein analyst Gautam Chhugani, could still “bottom out” in the $60,000 levels.

Several experts said bitcoin was in the throes of a bear market, including Bitwise CIO Matt Hougan, who nevertheless said it was “close to an end.”

Bitfinex analysts said that the broader flow picture suggests a clear risk-off rotation, with investors reallocating toward cash and gold amid rising macroeconomic and political uncertainty.

“In this environment, the lack of ETF absorption has amplified downside volatility, reinforcing the importance of institutional spot demand as a stabilizing force during periods of market stress,” they said.

crypto
Sage D. Young

Standard Chartered predicts solana will more than double in price by end of year

The price of solana is trading at $100, a nearly two-year low, but Standard Chartered forecasts that the token will climb to $250 by the end of 2026. 

Geoff Kendrick, the bank’s global head of digital asset research, pointed to flows on decentralized exchanges on solana beginning to shift from meme coins to solana-stablecoin pairs, aided by AI-driven micropayments. 

“AI-driven micropayments using stablecoins are starting to demonstrate that the ‘order of magnitude’ cost reduction on solana can enable entirely new markets (in this case micropayments) to develop,” Kendrick wrote in a Tuesday note. 

Market-implied probabilities derived from event contracts show that investors think there’s a 30% chance the token will go lower than $40 in 2026. On the bullish side, traders are pricing in a 41% chance it will climb higher that $200 in the same period.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

Even though the firm expects solana to trade significantly higher by the end of the year, the firm lowered its initial forecast of $310 and predicts the token will underperform ethereum in the next two years.

“Beyond that, if it achieves sufficient scale, we think SOL will be due for a catch-up as this new market takes shape,” Kendrick said.

On a longer horizon, Standard Chartered predicts the token will climb to $2,000 by 2030.

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