US spot XRP ETF outflows hit USD 7.18 million, ending a two-month inflow streak, while Bitcoin and Ethereum ETFs returned to net inflows.
The recently approved spot Bitcoin ETFs show inflows of $759 million and a record volume of $14 billion after two weeks.
The SEC has approved all pending Bitcoin ETF applications, paving the way for exposure to an exceptionally broad investor base.
While analysts expected the approval of a spot Bitcoin ETF next week, the SEC may make an early decision.
This week marked the 7th consecutive week of positive inflows into crypto asset investment products, totalling $1.14bn.
The SEC approved the first futures-based Ether ETFs in the U.S., though the products’ trading volumes were rather low.
The SEC is not expected to block the first Ether ETF until mid-October, giving the green light to some applicants.
Bitcoin…
Marktrückblick
A summarizing review of what has been happening at the crypto markets of the past week. A weekly report in cooperation with Kaiko.
DeFi
The revised Clarity Act runs to 630 pages ahead of the first Senate vote on September 15, but Democrats have not yet backed it.
