Altcoins News
By Bruce Buterin
1 / 15
Spot ETF Outflows Break a Nine-Week Streak. On the spot side, U.S. XRP exchange-traded funds saw net outflows of about $7.
2 / 15
XRPL's $4 Billion Institutional Pipeline. Strip away the short-term noise and there's a bigger story building on the ledger side.
3 / 15
XRP's futures market just took a serious hit. Open interest fell roughly $700 million in a matter of weeks, even as the XRP Ledger quietly builds what looks like a meaningful…
4 / 15
The numbers are pretty stark. Per CoinGlass, XRP futures open interest slid from nearly $3 billion in June down to about $2.3 billion by mid-July.
5 / 15
Funding rates told a weird story, though.
6 / 15
XRP funding rates on Binance actually rose 266% during the same stretch. That means bullish traders are paying higher premiums to keep their long positions open — even as the…
7 / 15
On the spot side, U.S. XRP exchange-traded funds saw net outflows of about $7.2 million for the week ending July 10, according to SoSoValue.
8 / 15
Cumulative net inflows are still sitting at $1.48 billion, and fund assets were close to $1 billion by the end of that week. So it's not a collapse.
9 / 15
Meanwhile, XRPL's own user activity is sending mixed signals. Santiment put XRPL at its second-quietest day of the year, with only 25,350 active wallets on a single day.
10 / 15
Read also: XRP ETF Outflows Hit 2026 High as Institutional Appetite Fades Fast
11 / 15
But here's the thing: the wallets that are active are doing more. Transactions using source tags — the kind exchanges and payment providers typically use — rose 28.6%.
12 / 15
Transaction counts overall were up roughly 3% to 4% week-over-week and month-over-month, though they're still about 21% below the three-month average.
13 / 15
Strip away the short-term noise and there's a bigger story building on the ledger side. Evernorth, a digital-asset treasury company, says about $4 billion in tokenized real-world…
14 / 15
And the development roadmap is clearly aimed at pulling in more of that institutional money.
15 / 15
For institutions, that matters a lot. Banks and asset managers aren't thrilled about competitors seeing every transaction in real time.
The Currency Analytics
Want the full story?