XRP ETFs Surge Past $6M Amidst Crypto Market Volatility

XRP-based ETFs have been gaining momentum, attracting $6.55 million in net inflows on July 2 alone, marking their eighth consecutive positive week and pushing assets under management close to $1 billion.

This comes as Bitcoin's BIP-110 soft fork, aimed at censoring non-monetary data, has been declared dead by Blockstream CEO Adam Back due to lack of market support.

In the meantime, Shiba Inu (SHIB) has fallen to 32nd place as whales returned 493 billion tokens to exchanges, increasing supply pressure near the critical 87 trillion token level.