Today’s Crypto Highlights

The crypto investment landscape has witnessed nearly $5 billion in outflows over the past month, but recent inflows suggest a possible recovery in sentiment, as reported by CoinShares. Notably, the New York Stock Exchange has authorized Grayscale’s Dogecoin and XRP funds for trading, and dissent against JP Morgan is swelling among Bitcoin supporters, who are now calling for a boycott.

$1.9 Billion Exodus Yet Signs of Recovery in Crypto Investment Programs: CoinShares

Investment products in cryptocurrency experienced almost $5 billion in total exits over the last four weeks. However, late entries last week indicate a slight uptick in market sentiment. The cryptocurrency exchange-traded products (ETPs) alone saw a drop of $1.94 billion last week, a decrease from the $2 billion outflow from the prior week, according to CoinShares’ latest research report.

The cumulative outflow stands at $4.9 billion, marking one of the largest exit periods on record, surpassed only by the market collapse driven by tariffs in March and the downturn of February 2018. Despite this, CoinShares reported tentative signs of turnaround, noting an influx of $258 million in the final days of last week after seven consecutive days of redemptions.

Weekly crypto asset flows, in USD, millions. Source: CoinShares

Among investment products, XRP ETPs marked a significant upsurge, pulling in $89.3 million last week amidst an overall downturn, while Solana faced a decline of $156 million.

NYSE Greenlights Grayscale DOGE and XRP ETFs for Upcoming Launch

Grayscale’s Dogecoin and XRP exchange-traded funds are set to launch soon, following approval from the NYSE subsidiary, NYSE Arca. They filed with the SEC to validate their listing of the Grayscale XRP Trust ETF and Grayscale Dogecoin Trust ETF.

Eric Balchunas, Bloomberg’s senior ETF analyst, confirmed the funds are scheduled to commence trading on Monday. Additionally, another ETF associated with Chainlink is anticipated to follow shortly thereafter.

Source: Eric Balchunas

Growing Backlash from Bitcoin Community Against JP Morgan

In response to potential exclusion of crypto treasury firms from MSCI indexes set to take effect in January 2026, the Bitcoin community, along with supporters of Strategy, the world’s largest BTC treasury company, have urged a boycott of JP Morgan. Grant Cardone, a notable real estate investor and Bitcoin proponent, displayed public support for this movement, having withdrawn $20 million from Chase in protest.

Source: Grant Cardone

Moreover, Fred Krueger criticized JP Morgan’s stance towards Bitcoin and decentralized finance, expressing concerns over their strategy to undermine crypto treasury firms, which could trigger major sell-offs and adversely affect market prices.