Today in crypto: Crypto investment products neared $5 billion in outflows over the last four weeks, but late-week inflows last week show early signs of improving sentiment despite heavy selling, according to CoinShares. The New York Stock Exchange has cleared Grayscale’s Dogecoin and XRP funds for trading, and the Bitcoin community’s backlash against JP Morgan is growing, with calls to boycott the banking giant.
$1.9 billion exodus and flicker of hope hits crypto investment funds: CoinShares
Cryptocurrency investment products have hit almost $5 billion in outflows over the past four weeks, but inflows during the final days of last week offered a small sign of improving sentiment.
Crypto exchange-traded products (ETPs) saw $1.94 billion in outflows last week, a small decline from the $2 billion exodus the previous week, according to a Monday research report from CoinShares.
The four-week total now stands at $4.9 billion, marking the third-largest outflow run on record. Only the March tariff-driven sell-off and the February 2018 downturn were bigger.
Still, CoinShares noted “tentative signs of a turnaround,” citing $258 million in inflows during the last trading days of the week following seven straight days of redemptions.
XRP (XRP) investment products were a rare bright spot. XRP exchange-traded products (ETPs) recorded $89.3 million in inflows last week, defying the broader downturn even as the token fell 6.9%.
Solana (SOL) ETPs were in the red with $156 million in outflows and SOL falling 3.5%, according to Cointelegraph data.
NYSE approves Grayscale DOGE and XRP ETFs, clearing launch for Monday
Grayscale’s Dogecoin (DOGE) and XRP (XRP) exchange-traded funds (ETFs) are teed up to launch on Monday after New York Stock Exchange subsidiary NYSE Arca approved the listing of the two crypto funds.
NYSE Arca filed with the Securities and Exchange Commission on Friday to certify “its approval for listing and registration” of the Grayscale XRP Trust ETF (GXRP) and the Grayscale Dogecoin Trust ETF (GDOG).
Bloomberg senior ETF analyst Eric Balchunas said the two ETFs are “scheduled to begin trading Monday,” with another of Grayscale’s ETF’s tied to Chainlink (LINK) “coming soon as well, week after I think.”
The signing off by the NYSE marks the final approval needed for Grayscale’s ETFs to go live, one of many ETFs tied to speculative cryptocurrencies that asset managers have brought to market in recent weeks.
Bitcoin community’s backlash against JP Morgan grows with calls to boycott
The Bitcoin (BTC) community and supporters of Strategy, the world’s biggest BTC treasury company, called for a boycott of JP Morgan, a financial services giant, on Sunday.
The backlash followed news that the MSCI, an index company behind many major stock market benchmarks, may exclude crypto treasury companies from its indexes in January 2026.
“I just pulled $20 million from Chase and suing them for credit card malfeasance,” real estate investor and Bitcoin advocate Grant Cardone said in support of the boycott.
“They hate Bitcoin, decentralized finance, and stablecoins. They quietly architected Chokepoint 1.0 and 2.0. Now, they see Bitcoin as vulnerable, and they are putting the screws on Strategy,” investor Fred Krueger said about JP Morgan.
The exclusion of crypto treasury companies from stock market indexes could trigger a sell-off of these companies, forcing them to dump their crypto assets onto the market, which would negatively impact crypto prices.
