XRP has increased nearly five percent in the last 24 hours to trade at $1.42. The fifth-largest cryptocurrency outpaced Bitcoin, Ethereum, and Solana during this specific trading session. Spot exchange-traded funds launched in November 2025 continue to attract significant institutional capital despite recent market volatility.
Prediction market-implied odds of the token climbing above $1.50 rose to 67 percent on Tuesday. This represents a sharp increase from 50 percent the previous day according to data referenced in a Robinhood Derivatives report. Traders are actively betting on the price rising higher throughout the month of March.
Bloomberg ETF analyst James Seyffart noted that the funds have taken in a cumulative $1.4 billion since launch. Some of the largest holders include Goldman Sachs with an exposure level of $153.8 million. Millennium Management and Logan Strone Capital also hold distinct positions in the early-stage products.
Seyffart emphasized that the vast majority of buyers do not file 13Fs with the Securities and Exchange Commission. He stated that ETFs serve primarily as an access vehicle for traditional financial participants seeking exposure. They are not, in themselves, a fundamental long-term driver of demand for the asset.
Blockchain analytics firm Glassnode shows that more than half of XRP’s total supply sits at a loss. This figure stands at over 56 percent according to their latest data release this week. A senior analyst maintaining the pseudonymous account CryptoVizArt warned that ETFs should not guarantee sustained long-term demand.
Non-bitcoin cryptocurrencies have seen their trading volume plummet in the past five months significantly. The combined trading volume of Ethereum, XRP, and Solana decreased by 60 percent since the October 10 liquidation event. Research analyst Thomas Probst at Kaiko attributes this to a contraction in market liquidity over the same period. This indicates a significant shift in investor sentiment.
Spot trading volume on Binance for altcoins declined between 80 and 85 percent to $7.7 billion recently. Decrypt found that volume on other exchanges dropped to $18.8 billion from a range of 63 billion to 91 billion in October. Market depth for aggregated assets like XRP and LINK is now closer to $1.7 million.
Payward, the parent company of crypto exchange Kraken, has paused its plans for an initial public offering until market conditions improve. CoinDesk reported this decision citing two people with knowledge of the matter as sources. The total market capitalization of the crypto industry has shed around $652.2 billion since November.
This news arrives two weeks after Kraken received approval for a master account from the Federal Reserve Bank of Kansas City. Last year, the firm raised $800 million at a $20 billion valuation from institutional investors including Jane Street. The industry faces a challenging environment for risk assets as the sector sheds hundreds of billions. Analysts advise caution until liquidity stabilizes.
