Institutional Demand
Canary's single-token spot XRP ETF opened on Nasdaq with stronger-than-expected institutional demand, putting it on track for a record-breaking debut. The fund cleared final regulatory hurdles this week and outperformed multiple expert projections on day one.
The Canary XRP ETF (XRPC) traded $55.5 million on its first day (Nov 13), moving 2.26 million shares with 11% intraday volatility. The debut matched this year’s top crypto ETF launch—Solana’s—and points to growing institutional interest in XRP.
DeFi total value locked dropped by $36 billion (about 21%) from its October peak, raising fresh concerns about liquidity and Ethereum’s role as DeFi’s backbone. Declining ETH-denominated TVL since April, even while prices rose, and cooling institutional demand for ETH highlight a shifting market dynamic.
Bitcoin is trading tightly between $109,000 and $110,000 with critical resistance at $112,000. Institutional inflows from BlackRock and Fidelity, combined with shrinking market demand and low retail activity, set the stage for potential high volatility and breakout scenarios. Bitlet.app offers crypto installment services that let you get in on opportunities like this without paying full upfront costs.
Bitcoin and Ethereum prices slipped on August 20, 2025, impacted by U.S. tariffs, inflation worries, and increased liquidation risks. Overall crypto market cap stands at $3.82 trillion, with Bitcoin support levels closely watched.
In August 2024, the crypto market showed resilience despite volatility from Fed interest rate hikes. Bitcoin held strong above $50K, while Ethereum faced ETF outflows. Notable is the rise in stablecoin supply and growing crypto adoption by companies like Ferrari. Innovations like Visa crypto cards and EU regulation compliance mark a promising future. Explore buying crypto with ease on Bitlet.app, featuring flexible Crypto Installment plans.
Ethereum's price is approaching the $4,000 mark, fueled by growing institutional interest and large ETF inflows. This trend highlights the increasing confidence in Ethereum as a valuable crypto asset.