U.S. spot XRP (CRYPTO: XRP) ETFs reported their first net outflows on Wednesday, ending a 36-day streak as $40.8 million exited, led by $47.25 million leaving the 21Shares XRP ETF (CBOE: TOXR).

First Red Day Since November Launch

The outflows mark a notable shift after XRP ETFs accumulated $1.25 billion in total net inflows since the Canary XRP ETF (NASDAQ:XRPC) launched on Nov. 13, 2025.

The $40.8 million outflow represents approximately 3% of cumulative inflows since launch.

21Shares’ TOXR saw $47.25 million move out, while funds from Canary, Bitwise, and Grayscale saw comparatively small net inflows of around $2 million each, partially offsetting the exodus.

Rachael Lucas, BTC Markets…

Read more on Benzinga

Matt Hougan, chief investment officer at Bitwise Invest, outlined three key conditions that must be met for cryptocurrency markets to extend their early 2026 rally and transition from a bounce into a sustained uptrend.

What Happened: Crypto markets have started 2026 strong, with Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) both up roughly 7% year-to-date, while higher-beta altcoins have significantly outperformed.

Hougan said the rally can continue if three major boxes are checked:

No major market blowups

The biggest near-term risk has been another forced liquidation event similar to the Oct. 10, 2025 deleveraging that erased nearly $19 billion.

Hougan noted that this risk has largely…

Read more on Benzinga

Bitcoin trading around $90,000 as crypto sentiment remains neutral and ETFs see heavy outflows; liquidations stand at $465.67 million over the past 24 hours.   

Bitcoin ETFs saw $486 million in net outflows on Wednesday, while Ethereum ETFs reported $98.5 million in net outflows.

Time For Bitcoin To Push Higher Again?

Michael van de Poppe said Bitcoin is at a key inflection point after testing the 21-day moving average. Holding this level keeps a move toward $94,000 next week in play, while losing it could trigger a liquidity sweep of recent lows before continuation.

Crypto trader Jelle noted the Federal Reserve expanded its balance sheet for the first time in nearly three years, a…

Read more on Benzinga

Leading digital asset manager Grayscale Investments highlighted on Wednesday Bittensor (CRYPTO: TAO) as the token embodying Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang’s vision of a currency that transforms excess energy into AI models.

Does Bittensor Really Fit The Bill?

Grayscale reacted to Huang’s remarks made at the Bipartisan Policy Center on Sept. 27, 2024, where he discussed the intersection of energy and cryptocurrency.

Huang started by giving the example of Bitcoin (CRYPTO: BTC) mining and how the process takes “excess energy” and stores it into a new form.

He later extended the thesis to include data centers and high-performance computing.

“Transfer that energy, compress…

Read more on Benzinga

Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong expressed concerns on Wednesday over the competitiveness of dollar-pegged stablecoins in light of China’s decision to pay interest on its central bank digital currency.

Armstrong Questions Policymakers

In an X post, Armstrong argued that China’s move to pay interest on its official digital currency, Digital Yuan, gives it a “competitive advantage.”

“Rewards [or even paying interest] benefits ordinary people just like community lending does. We have to let the market do both,” Armstrong said.

The cryptocurrency mogul said the U.S. is “missing the forest through the trees” and risks losing the competitive edge if…

Read more on Benzinga

Tyler Winklevoss, co-founder of Gemini Space Station, Inc. (NASDAQ:GEMI), slammed the state of California and Governor Gavin Newsom on Wednesday for approving a bill that lets authorities take control of unclaimed cryptocurrency.

Winklevoss Targets Newsom

In an X post, Winklevoss alleged that the “failed state” of California wants to “steal” the Bitcoin (CRYPTO: BTC) that people had held for long periods.

The cryptocurrency mogul said that the state administration is trying to feed its “money pit grift machine” with the move.

Notably, Tyler and his twin brother Cameron are primarily based in New York City, where Gemini and their venture capital firm, Winklevoss Capital…

Read more on Benzinga