Bitcoin’s ETF saw net outflows of $124.55 million, signaling short-term institutional caution despite strong cumulative inflows of $56 billion.
XRP declines 4% even as ETF inflows return, while PEPE gains attention through a new ETF filing.
XRP Ledger records $861 million in tokenized electricity, highlighting blockchain’s growing utility beyond finance.
From the Bitcoin ETF launch and XRP sliding after a rebound to Canary Capital submitting for a PEPE ETF and expanding blockchain adoption on XRP Ledger.
According to SoSoValue, Bitcoin spot ETFs saw a net outflow of $124 million yesterday. BlackRock’s IBIT saw a net inflow of $40.38 million.
Fidelity’s FBTC led the outflows with $79.12 million, while Ark’s ARKB saw a net outflow of $74.70 million. Grayscale’s GBTC saw a net outflow of $11.10 million.
The total net asset value of Bitcoin Spot ETFs is $91.90 billion, which is 6.43% of all BTC supply. The historical cumulative net inflow stands at $56.15 billion.
Morgan Stanley's spot Bitcoin ETF (MSBT) saw active trading on its first day, with over 1.60 million shares traded and approximately $34 million in inflows.
The fund has a fee of only 0.14%, the lowest among similar products, aiming to enter the market competition with a price advantage.
In addition to low fees, MSBT relies on Morgan Stanley's vast wealth management channels and is expected to attract traditional investors to gain Bitcoin assets through its financial advisor system.
Also Read: Bitcoin Faces Selling Pressure as Quantum Risks Gain New Focus
XRP declined from $1.37 to the current $1.33 level as sellers booked positions during the rally.
Ripple-linked products saw $3.32 million in ETF inflows, marking a shift from March outflows, but not enough to stabilize the price.
Immediate support can be seen at $1.28; a break below this level may accelerate the decline to deeper levels.
On the upside, XRP needs to reclaim $1.35 and then $1.38 to shift short-term momentum.
Also Read: XRP Price Prediction April 2026: Will it Hit $1.60 or Drop to $1.15?
According to Arkham, the Royal Government of Bhutan transferred roughly 319.7 BTC ($22.8 million) to two addresses on Thursday.
Onchain Lens, citing the firm’s data, flagged that Bhutan transferred around 250 BTC to a wallet reportedly used to move funds for sale via Galaxy Digital and OKX. Another 69.7 BTC was sent to a new, unmarked address.
Arkham noted in a post on X that the Bhutanese government has moved $215.7 million worth of BTC out of its holding addresses so far this year, with $162.6 million transferred to unlabeled wallets.
After the latest transfers, Bhutan currently holds 3,954 BTC, worth about $280.6 million.
Canary Capital filed a Form S-1 for the CANARY PEPE ETF with the US Securities and Exchange Commission.
The ETF would track the performance of Pepe, with all of the trust’s PEPE held by a custodian.
It noted that the ETF trust may hold up to 5% of the trust’s assets in Ether to pay the transaction fees on the Ethereum network.
The proposed ETF comes despite the PEPE being around 85% down from its December 2024 all-time high of $0.00002368.
Blockchain adoption is expanding as $861 million in tokenized electricity is deployed on the XRP Ledger.
This allows real-world energy consumption to be tracked and settled on-chain, extending utility beyond payments.
The Ripple ecosystem now holds a $7.51 billion market cap with 43,000+ monthly active addresses.
The JMWH protocol ensures transparency by burning tokens as electricity is consumed.
This is not a pilot but a live market where energy contracts are digitized via institutional connectors.
1. Why did Bitcoin ETFs see outflows?
Outflows reflect short-term profit booking and cautious positioning despite long-term institutional inflow trends remaining strong.
2. What caused XRP’s recent price drop?
XRP declined due to profit-taking after a rally, with weak momentum despite renewed ETF inflows.
3. What is the significance of the PEPE ETF filing?
It signals growing institutional interest in meme coins, potentially expanding altcoin exposure through regulated products.
4. How is XRP Ledger being used for real-world assets?
It is enabling the tokenization of electricity worth $861 million, allowing energy usage to be tracked and settled on-chain.
5. What does Bhutan’s Bitcoin transfer indicate?
Large BTC transfers suggest portfolio rebalancing or potential liquidation strategies by sovereign entities.
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