The XRP Army has unveiled a new logo designed by Eddie Lobanovskiy, the original creator of the XRP emblem, symbolizing courage and strength. This update reflects the community's spirit and determination amid ongoing legal challenges with the SEC, as Ripple also prepares to launch its stablecoin, RLUSD. XRP is currently trading at $2.41, with a slight decrease in value.
GAM Investments has urged SBI Holdings to implement an XRP buyback program to unlock shareholder value, citing a significant gap between the company's market value and its crypto assets, particularly its indirect holdings in Ripple, valued at over JPY 1.6 trillion. The proposal includes increasing transparency through daily XRP valuations and regular updates on net asset value. By adopting this strategy, similar to MicroStrategy's Bitcoin accumulation, GAM believes SBI could enhance its market capitalization, which currently stands at JPY 1.2 trillion.
Crypto investment products experienced a remarkable $3.23 billion in inflows last week, marking the 10th consecutive week of positive growth, with Bitcoin leading at $2 billion. Ethereum and XRP also saw significant interest, attracting $1.09 billion and $145 million, respectively, amid anticipation for U.S.-listed ETFs. The total year-to-date inflows have reached $44.5 billion, with the U.S. contributing $3.13 billion, primarily into Bitcoin-linked ETFs.
The upcoming RLUSD stablecoin is expected to drive demand for XRP, particularly in emerging economies where stablecoins are popular for transactions. As transactions settle on the XRP Ledger, XRP holders will benefit from transaction fees, which involve burning XRP. Following a historic rally in late 2024, XRP's market cap is nearing that of Tether, with significant catalysts like Donald Trump's election and multiple XRP ETF applications sustaining investor interest. The New York Department of Financial Services approved Ripple's RLUSD stablecoin, which will be overcollateralized and redeemable at a 1:1 ratio with US dollars.
U.S. spot bitcoin and ethereum ETFs continued their strong inflow momentum, attracting $597.57 million and $273.67 million, respectively. Blackrock's IBTC led bitcoin inflows with $431.60 million, while Blackrock's ETHA topped ethereum inflows at $202.31 million. Total net inflows for bitcoin ETFs reached $35.17 billion, while ethereum ETFs accumulated $2.24 billion, managing $13.63 billion in assets.
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