Crypto Markets See USD 295.98M Outflow from Bitcoin ETFs Amid Aave and Ripple Developments

Crypto markets saw significant developments yesterday, led by spot Bitcoin ETFs recording USD 295.98 million in net outflows.

The largest outflow was from BlackRock's IBIT fund, with a daily net outflow of USD 144.11 million. In contrast, Morgan Stanley's MSBT ETF recorded the highest daily net inflow at USD 3.47 million.

Aave plans to deploy an RWA hub on Avalanche, focused on institutional borrowing. This infrastructure will allow approved entities to access digital fiat liquidity using tokenized financial instruments as collateral.

Ripple expanded its XRP Ledger developer toolkit with the XRPL AI Starter Kit 1.1, enabling AI agents to pay for online services like data and computing power using XRP and RLUSD.