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Ripple (XRP) Plummets to 3-Week Low Despite Strong Endorsement From SBI CEO

TL:DR; The overall market crash that started late last night only worsened in the past few hours, and Ripple’s native token is among the poorest performers, with a massive 15% daily drop. This comes despite a highly positive endorsement from SBI’s CEO, who predicted that XRP’s price could shoot up in the next few weeks. XRPUSD. Source: TradingView It’s worth noting that XRP’s price drop is far from a corner case. The entire crypto market turned red in the past 24 hours, perhaps driven by the geopolitical uncertainty following President Trump’s tariffs against China, Canada, and Mexico. Bitcoin, for instance, plunged below $100,000 earlier today and kept nosediving to a three-week low of its own at $97,000. Many other altcoins have posted double-digit price declines. XRP stood at $3.07 yesterday, as reported , but slumped beneath the $3 mark earlier today and kept dropping to $2.53 (on Bitstamp). This intraday low became the asset’s lowest valuation since January 14. What’s particularly compelling in XRP’s case is the fact that this crash came just hours after Crypto Twitter (X) started sharing a video of SBI’s CEO, Yoshitaka Kitao, who noted that he anticipates the case between Ripple and the SEC to be resolved in a few weeks. Moreover, he said he expects XRP’s price to “soar significantly” if the court determines that the asset is not a security – which has been the main dispute between the company behind the token and the SEC for over four years now. The crypto market is typically quite susceptible to such big endorsements from prominent figures, but today’s politically driven crash seems to be an exception. This only proves a recent report that the crypto industry reacts more violently to FUD than actual positive news. The post Ripple (XRP) Plummets to 3-Week Low Despite Strong Endorsement From SBI CEO appeared first on CryptoPotato . Crypto Potato

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Spot Bitcoin ETFs Surpass $125B, BlackRock’s IBIT Ranks 31st Globally

U.S. spot Bitcoin ETFs have exceeded $125 billion in total holdings , now representing over 6% of Bitcoin’s circulating supply , according to Cointelegraph, citing Dune data . BlackRock’s IBIT ETF , the largest U.S. Bitcoin ETF , holds 46.4% of the total spot BTC ETF market and is now ranked as the 31st-largest ETF worldwide . Bitcoin ETF Adoption Continues to Accelerate Key Highlights from the Spot Bitcoin ETF Market: Total Bitcoin ETF Holdings: $125 billion , accounting for 6% of BTC’s supply . BlackRock’s IBIT Dominance: Holds 46.4% of all spot Bitcoin ETF assets . Global ETF Ranking: IBIT now ranks 31st among all ETFs worldwide . Bullish Price Predictions: Analysts suggest growing ETF adoption could push Bitcoin toward $200K in 2025 . With institutional investors steadily increasing exposure to Bitcoin ETFs , long-term demand continues to grow . BlackRock’s IBIT Dominates the Bitcoin ETF Market BlackRock’s IBIT ETF has emerged as the dominant force in the Bitcoin ETF landscape , capturing nearly half of all spot BTC ETF investments . IBIT’s Global ETF Ranking – Now the 31st-largest ETF globally , showing rapid institutional adoption . Increasing Corporate & Institutional Demand – Major financial players continue adding Bitcoin exposure via ETFs . Growing Bitcoin ETF Competition – Other issuers, including Fidelity and Ark Invest , are expanding market share . BlackRock’s IBIT dominance highlights institutional confidence in Bitcoin as a long-term asset . Could Bitcoin Reach $200K in 2025? Analysts believe the rising adoption of Bitcoin ETFs could drive BTC prices significantly higher . Why Analysts Are Bullish on Bitcoin’s Future: Institutional Inflows Continue – Large funds are still entering Bitcoin ETFs, fueling price appreciation . Supply Shock Possible – If ETFs keep accumulating BTC, reduced supply could push prices higher . Macro & Regulatory Tailwinds – Pro-crypto policies and increasing institutional acceptance support bullish projections . Some forecasts suggest Bitcoin could reach $200,000 in 2025 if ETF demand remains strong . What’s Next for Bitcoin ETFs? More Institutional Adoption? – As more firms integrate Bitcoin ETFs into portfolios, demand could surge . ETF Market Expansion? – Additional global Bitcoin ETF approvals could drive further investment . Regulatory Clarity? – A clearer policy framework may enhance investor confidence in BTC ETFs . With Bitcoin ETFs already surpassing $125 billion , the sector could reshape traditional finance’s approach to crypto . FAQs How much Bitcoin do spot ETFs hold? Bitcoin ETFs now control over $125 billion in BTC , making up 6% of the total Bitcoin supply . Which Bitcoin ETF is the largest? BlackRock’s IBIT ETF , holding 46.4% of all Bitcoin ETF assets , ranks 31st globally among all ETFs . Could Bitcoin hit $200K in 2025? Analysts believe rising institutional demand and ETF adoption could drive BTC toward $200,000 . Why are Bitcoin ETFs important for adoption? ETFs provide regulated, institutional-friendly access to Bitcoin , increasing mainstream investment . What’s next for Bitcoin ETFs? More institutional adoption, global expansion, and potential regulatory improvements could further drive ETF demand. Conclusion Spot Bitcoin ETFs have surpassed $125 billion in holdings , representing 6% of Bitcoin’s circulating supply , with BlackRock’s IBIT emerging as the dominant player . As ETF adoption grows, analysts predict Bitcoin could reach $200K in 2025 , fueled by institutional inflows and increasing demand . With BlackRock’s IBIT now ranking 31st among global ETFs , Bitcoin’s integration into traditional finance continues to accelerate . To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news , where we delve into the most promising ventures and their potential to disrupt traditional industries. Crypto Potato