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Crypto news today: Over the last four weeks, nearly $5 billion has flowed out of crypto investment products. However, there’s a glimmer of hope with late-week inflows showing signs of positive sentiment, despite significant selling, according to CoinShares. Meanwhile, the New York Stock Exchange has given the green light for Grayscale’s Dogecoin and XRP funds to start trading, and the Bitcoin community is rallying against JP Morgan, urging a boycott of the banking giant.
$1.9 Billion Exodus and a Hint of Optimism for Crypto Investment Funds: CoinShares
Crypto investment products have experienced nearly $5 billion in outflows over the past four weeks, but inflows at the end of last week hint at a possible improvement in sentiment.
Last week’s outflow from crypto exchange-traded products (ETPs) was $1.94 billion, a slight drop from the $2 billion exodus previously recorded, as shared in a recent report by CoinShares.
The overall outflow now hits $4.9 billion over four weeks, marking one of the largest drops on record. Only the March tariff-related sell-off and the downturn in February 2018 were larger.
However, CoinShares pointed out “tentative signs of a turnaround,” noting $258 million in inflows during the last trading days of the week after a consecutive week of redemptions.
In a bright spot, XRP (XRP) investment products welcomed $89.3 million during the last week, showing resilience even as the token dipped by 6.9%!
On the other side, Solana (SOL) ETPs faced challenges with $156 million in outflows as SOL dropped by 3.5%, according to Cointelegraph data.
NYSE Gives Thumbs Up to Grayscale DOGE and XRP ETFs, Ready for Monday Launch
Grayscale’s Dogecoin (DOGE) and XRP (XRP) exchange-traded funds (ETFs) are set to launch this Monday after the New York Stock Exchange’s NYSE Arca approved their listing.
On Friday, NYSE Arca submitted a filing to the Securities and Exchange Commission for the “listing and registration” of the Grayscale XRP Trust ETF (GXRP) and the Grayscale Dogecoin Trust ETF (GDOG).
Bloomberg’s senior ETF analyst Eric Balchunas shared that the two ETFs are “scheduled to start trading Monday,” and another of Grayscale’s ETFs linked to Chainlink (LINK) is expected to follow soon!
This NYSE nod is the last piece needed for Grayscale’s ETFs to officially go live, showcasing the growing interest in speculative cryptocurrencies from asset managers recently.
Bitcoin Community’s Growing Backlash Against JP Morgan with Boycott Calls
The Bitcoin (BTC) community, alongside supporters of Strategy—the world’s largest BTC treasury firm—is calling for a boycott of JP Morgan as of Sunday.
This backlash stems from news that MSCI, a major index provider, might exclude crypto treasury firms from its indexes come January 2026.
Real estate investor and Bitcoin proponent Grant Cardone mentioned, “I just pulled $20 million from Chase and I’m suing them for credit card issues,” voicing support for the boycott.
Investor Fred Krueger remarked, “They dislike Bitcoin, decentralized finance, and stablecoins. They’ve systematically worked against them but now, realizing Bitcoin isn’t invincible, they seem to be tightening the screws on Strategy.”
If MSCI excludes crypto treasury firms from their indexes, many of these firms might have to sell off their assets, potentially harming crypto prices.
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