BizwavemediaPersonal Finance and Crypto Updates

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Five spot XRP exchange-traded funds from Franklin Templeton, Bitwise, Canary Capital, 21Shares, and CoinShares have appeared on the Depository Trust and Clearing Corporation (DTCC), as expectations build for a potential US debut later this month.

The listed funds are Franklin XRP Trust (XRPZ), 21Shares XRP ETF (TOXR), Bitwise XRP ETF (XRP), Canary XRP ETF (XRPC), and CoinShares XRP ETF (XRPL).

This week, Canary Capital CEO Steven McClurg said at Ripple Swell 2025 that the firm hoped to launch its XRPC fund next week after successfully launching its Litecoin and Hedera ETFs. McClurg explained that with the use of a no-delay amendment, Canary’s XRP ETF could become effective in 20 days.

With more issuers moving quickly, market observers are now expecting to see WisdomTree’s XRP ETF soon join competing funds on DTCC.

Amid this growing wave of filings, Grayscale is also seeking to launch its spot XRP ETF through a conversion of its existing XRP Trust. The trust has achieved approximately $14 million in assets under management since its rollout last September.

Strong early investor demand

A number of XRP-linked products debuted earlier this year, including Teucrium’s 2x Long Daily XRP ETF (XXRP) and ProShares Ultra XRP ETF (UXRP).

The XXRP fund has attracted around $306 million in net assets in less than a year, suggesting market interest in leveraged XRP exposure.

Solana and XRP futures have emerged as CME Group’s fastest-growing crypto products, significantly benefiting from the infrastructural and liquidity advancements established by earlier derivatives for Bitcoin and Ethereum. The success of these products reflects increased market participation and the implementation of popular trading strategies previously applied to older digital assets.

AMD, a semiconductor company emphasizing AI accelerators and data center technologies, fell about 12% this week after delivering quarterly results that beat expectations but offered a revenue forecast that tempered some investors’ hopes for even faster AI growth.

The quarter’s strong sales and profit highlighted ongoing demand for AI and data center products, but cautious company guidance and broader tech sector profit-taking led to a negative shift in investor sentiment.

Competitive dynamics and heightened expectations for future AI revenue growth contributed to the market’s reaction, even as the company underlined robust demand for its new products.

BitMEX co-founder Arthur Hayes revealed that Zcash (ZEC) now ranks as the second-largest liquid asset in his family office Maelstrom’s portfolio, trailing only Bitcoin, following a sharp appreciation in its price.

Zcash re-entered the top 20 cryptocurrency rankings with a market capitalization of $9.4 billion. The coin briefly overtook Hyperliquid on Friday before HYPE regained the lead. The milestone comes amid a wider market downturn, with Zcash rising over 700% since early October.

Zcash has drawn renewed interest as a leading privacy coin amid discussions about enhanced transaction anonymity in the crypto space.

Hayes has publicly emphasized Zcash’s role in reshaping portfolio allocations toward assets with strong privacy capabilities, as the privacy-trading narrative gains momentum in crypto markets.

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Ethereum recorded its third-largest weekly ETF outflow at nearly $508 million, joining Bitcoin in experiencing large investor withdrawals from exchange-traded funds tracking digital assets.

The outflow represents substantial capital movement from spot Ethereum ETFs, regulated investment funds that directly track Ethereum’s price. Bitcoin ETFs, exchange-traded funds holding the foundational cryptocurrency, have similarly faced investor withdrawals during the same period.

Analysts indicate such ETF outflows for both Ethereum and Bitcoin signal short-term institutional caution amid broader market uncertainty. Cryptocurrency analysts suggest these withdrawals may reflect temporary risk-off sentiment among larger investors in the crypto space.

The parallel outflows from both Ethereum and Bitcoin ETFs highlight how institutional investors are adjusting their exposure to major digital assets, with some interpreting the movements as profit-taking following earlier periods of capital inflows into these regulated investment vehicles.

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The crypto market saw a sharp rebound on Friday, adding $156 billion in value within seven hours as altcoins led a powerful rally across the sector. Bitcoin recovered from early-morning lows under $100,000, climbing back above $103,000 by Friday afternoon.

Ethereum approached $3,500, Solana traded near $163, and a wave of alternative cryptocurrencies posted double-digit percentage gains over the past 24 hours. Altcoins alone added more than $81 billion in value, marking one of the strongest intraday moves in weeks.

The move comes after a stretch of downside pressure that affected both crypto and traditional equities. Friday’s recovery helped the digital asset market catch its breath after a week marked by risk-off sentiment, liquidations, and declining investor confidence across major sectors.

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Microsoft appears headed for its longest daily losing streak in more than a decade, according to Bloomberg. The technology giant has faced mounting investor concerns over elevated capital spending on AI infrastructure amid questions about cloud service growth.

The company’s recent stock declines stem from investor worries over surging capital expenditures tied to the AI boom and related power constraints. Microsoft’s cloud business has faced scrutiny for potential growth slowdowns, contributing to extended underperformance against broader tech indices.

Similar pressures on AI-related spending have affected other tech firms, leading to broader sell-offs in the sector.

Columbia University researchers found that Polymarket, a blockchain-based prediction market platform, exhibited inflated trading volume due to artificial activity, Bloomberg reported today.

The study attributed the artificial activity to wash trading, where traders repeatedly buy and sell the same contracts to boost apparent volume. Researchers noted that this artificial trading was more prevalent in sports markets compared to election or crypto-related markets.

A Polymarket spokesperson indicated the company is reviewing the study without assigning direct responsibility to the platform itself.