The post BTC, ETH, XRP, SOL keep spiraling, but interest is still high appeared on BitcoinEthereumNews.com. Bitcoin is currently hovering just above $83,000, amidst a wave of liquidations worth about $2 billion. Heavy outflows from spot ETFs followed, with $903.1 million leaving Bitcoin funds and $261.6 million exiting Ethereum products. Summary Bitcoin’s realized losses have surged, mirroring the FTX collapse. Ethereum, Solana, and XRP face high selling volume. Institutional interest remains, considering the recent launch of an XRP-focused ETF on the NYSE. Glassnode data shows Bitcoin’s realized losses have surged, similar to levels seen during the FTX collapse, as short-term holders unwind positions. Ethereum is struggling around $2,700, with resistance at $3,200. Solana and Ripple’s XRP both declined below critical support levels with elevated selling volume. Still, institutional interest in crypto products is strong despite broader weakness. An XRP-focused exchange-traded fund debuted this week, recording notable volume on its first day. The Bitwise XRP ETF began trading on the New York Stock Exchange on Nov. 20, offering U.S. investors a way to invest in XRP without directly holding the token. On its first day, the ETF saw 1.14 million shares traded, totaling around $25 million in volume, below initial projections of $90 million due to market pressure. The ETF is physically backed by XRP, held in custody by Coinbase, and aims to reduce manipulation risks by tracking the CME CF XRP-Dollar Reference Rate. To attract early investors, Bitwise is waiving its 0.34% management fee for the first month on the first $500 million in assets. This launch builds on Bitwise’s expansion of its crypto product line, following a similar European XRP exchange-traded product introduced in 2022. Crypto Snapshot Large holders have been reducing positions, signaling caution during market volatility, according to analysts monitoring on-chain data. Market participants are awaiting clearer technical signals to determine the next directional move for the following digital assets — each had… The post BTC, ETH, XRP, SOL keep spiraling, but interest is still high appeared on BitcoinEthereumNews.com. Bitcoin is currently hovering just above $83,000, amidst a wave of liquidations worth about $2 billion. Heavy outflows from spot ETFs followed, with $903.1 million leaving Bitcoin funds and $261.6 million exiting Ethereum products. Summary Bitcoin’s realized losses have surged, mirroring the FTX collapse. Ethereum, Solana, and XRP face high selling volume. Institutional interest remains, considering the recent launch of an XRP-focused ETF on the NYSE. Glassnode data shows Bitcoin’s realized losses have surged, similar to levels seen during the FTX collapse, as short-term holders unwind positions. Ethereum is struggling around $2,700, with resistance at $3,200. Solana and Ripple’s XRP both declined below critical support levels with elevated selling volume. Still, institutional interest in crypto products is strong despite broader weakness. An XRP-focused exchange-traded fund debuted this week, recording notable volume on its first day. The Bitwise XRP ETF began trading on the New York Stock Exchange on Nov. 20, offering U.S. investors a way to invest in XRP without directly holding the token. On its first day, the ETF saw 1.14 million shares traded, totaling around $25 million in volume, below initial projections of $90 million due to market pressure. The ETF is physically backed by XRP, held in custody by Coinbase, and aims to reduce manipulation risks by tracking the CME CF XRP-Dollar Reference Rate. To attract early investors, Bitwise is waiving its 0.34% management fee for the first month on the first $500 million in assets. This launch builds on Bitwise’s expansion of its crypto product line, following a similar European XRP exchange-traded product introduced in 2022. Crypto Snapshot Large holders have been reducing positions, signaling caution during market volatility, according to analysts monitoring on-chain data. Market participants are awaiting clearer technical signals to determine the next directional move for the following digital assets — each had…