Bitcoin ETFs surge, XRP shows strength as Yeti Ouro emerges as the next viral altcoin
The post Bitcoin ETFs surge, XRP shows strength as Yeti Ouro emerges as the next viral altcoin appeared on BitcoinEthereumNews.com.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Spot Bitcoin ETFs hit $3.1b in record inflows, XRP surges 32%, and Yeti Ouro emerges as the next big player in P2E gaming. Last week, U.S.-based spot Bitcoin ETFs achieved unprecedented success, registering a record $3.1 billion in weekly inflows. Meanwhile, Ripple’s XRP continues to thrive, up 32% over the past week, signaling bullish sentiment across the market. Adding to the excitement, the spotlight is turning to Yeti Ouro (YETIO), a new utility meme coin poised to become the next big thing in the Play-to-Earn (P2E) gaming and crypto space. Spot Bitcoin ETFs: Breaking records The crypto market witnessed a historic moment with spot Bitcoin ETFs reporting $3.1 billion in inflows for the week ending Nov. 22. According to crypto analytics platform SoSoValue, this marks a 102% increase from the previous week’s inflows of $1.67 billion. Source: SoSoValue This surge underscores growing institutional confidence in Bitcoin as a hedge against inflation and a long-term investment vehicle. BlackRock’s iShares Bitcoin Trust (IBIT) continues to dominate with $48.95 billion in net assets, reflecting its appeal among investors seeking exposure to the digital asset. The momentum around ETFs hints at a broader market uptrend, with Bitcoin’s rally fueling renewed interest in altcoins, including Ripple’s XRP and emerging projects like Yeti Ouro. XRP’s surge On the News of the SEC chair’s resignation, Ripple’s XRP has since geared up for a standout performance. Over the last 24 hours alone the asset has climbed by about 4.5% and an impressive 32% over the week. The recent rally pushed XRP above the $1 mark, reigniting investor optimism. According to experts, despite the recent challenges with the SEC, XRP’s rally demonstrates the market’s appetite for projects with real-world…
Filed under: News - @ November 27, 2024 11:23 am