Crypto Market Sees $170M Bitcoin Inflows and XRP Holders Get Access to RLUSD Loans
The Bitcoin spot ETF saw $170 million in net inflows yesterday, with BlackRock's IBIT leading the way at $111.43 million.
This influx of funds comes as the total net asset value of Bitcoin Spot ETFs stands at $77.58 billion, with an ETF net asset ratio of 6.06%.
XRP holders are also getting a boost thanks to Flare's integration of FXRP into Sentora's RLUSD vault on Ethereum. This allows XRP holders to use their tokens as collateral and borrow Ripple's RLUSD stablecoin without selling them, increasing capital efficiency.