Chainlink Is ‘Essential Infrastructure’ for Tokenized Finance, Says Grayscale Research

XRP has entered a significant growth phase with the launch of Spot XRP ETFs in the United States, generating heightened interest among institutional investors. Market commentator Chad Steingraber has projected that if ETF issuers adopt aggressive accumulation strategies similar to those seen with Bitcoin ETFs, XRP's available supply could diminish rapidly due to increased demand.

The New York Stock Exchange (NYSE) has approved the listing of Grayscale's XRP and Dogecoin exchange-traded funds (ETFs), with trading set to commence on Monday. This development is anticipated to enhance mainstream adoption of cryptocurrencies and may influence future regulatory frameworks.

Grayscale is set to launch its DOGE and XRP exchange-traded funds (ETFs) on the New York Stock Exchange (NYSE) on Monday. This move follows the recent launch of Bitwise's XRP ETF, which has already garnered significant attention in the cryptocurrency market. The introduction of these ETFs marks a notable expansion in Grayscale's offerings and reflects the growing interest in cryptocurrency investment products.

U.S. Bitcoin spot exchange-traded funds (ETFs) experienced a significant net outflow of $903 million on November 20, marking the second-largest outflow since their inception in January 2024. This decline is largely attributed to major withdrawals from BlackRock and Grayscale, reflecting growing investor caution amid market volatility.

Grayscale Investments has announced the launch of GSUI, a new product aimed at expanding access to the Sui blockchain. This move marks Grayscale's entry into public markets, reflecting its ongoing strategy to diversify its cryptocurrency offerings and enhance investor access to emerging blockchain technologies.

The XRP price has become a focal point in the cryptocurrency market as it continues to gain traction through ecosystem growth and market interest. Despite this momentum, XRP's valuation remains significantly lower than Bitcoin's, which currently has a market capitalization of approximately $1.84 trillion. This disparity raises the question of how high XRP's price would need to rise to surpass Bitcoin.

Bitcoin ETFs experienced a significant inflow of $75 million, primarily driven by BlackRock and Grayscale, reversing a trend of five consecutive days of outflows. This resurgence indicates renewed institutional interest in Bitcoin as market conditions fluctuate.

21Shares, a prominent crypto ETF issuer with $8 billion in assets, has expanded its offerings in Europe by listing six new cryptocurrency exchange-traded products (ETPs), including Aave and Chainlink. This move comes as the market sees a surge in new crypto ETFs in the US, reflecting growing investor interest in digital assets.