"Bitcoin, Ethereum Bleed $534M in ETF Outflows; XRP Buyers Seize Opportunity"

The U.S. stock market began the week on a positive note, with the S&P 500, NASDAQ, and Dow Jones indices all posting gains. Meanwhile, the cryptocurrency market saw significant developments, including predictions of a Bitcoin bull run and substantial outflows from Bitcoin and Ethereum ETFs.

Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016. Through his work with NewsBTC.com and Bitcoinist.com, Simmons has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. Simmons believes that Bitcoin represents more than just an investment; it is a peaceful revolution that could foster a sustainable and responsible financial framework for generations to come.

Yesterday was not just another day for the markets; it was a shake-up, plain and simple. DeepSeek, a fresh face in the AI race and China’s answer to OpenAI’s ChatGPT, made its grand entrance. With it came chaos. Broader markets, including the NASDAQ, took a hit, dragging crypto along for the ride. The result? Outflows. Big ones, according to James Butterfill. Bitcoin and Ethereum bore the brunt, with $442 million and $99 million pulled from their exchange-traded products (ETPs). With total crypto ETP outflows topping $534 million, you are looking at one of the more dramatic single-day movements in recent memory.

Now, here is where it gets interesting. While most assets stumbled, XRP did not just survive; it thrived. Yes, it got caught up in the initial wave of selling, but that did not last long. In fact, XRP ETPs saw $2.1 million in inflows on the same day, standing out in a sea of red. It was not just happening on traditional markets. Over on the blockchain, the story was the same: accumulation. Wallets holding significant amounts of XRP, mostly millionaire wallets, scooped up 120 million XRP during the dip. To some, it was not panic; it was a sale.

So, what does this tell us? For Bitcoin and Ethereum investors, yesterday was a day to exit, to cut losses, to sit on the sidelines. But for XRP? It was the opposite – a moment to