Core Insights - The US spot XRP Exchange Traded Funds (ETFs) have maintained a significant inflow streak of 29 days, indicating strong institutional interest despite market turbulence [1][2] - XRP funds attracted a total inflow of $478 million in December, contributing to a cumulative net inflow of $1.15 billion as of December 29, with daily net inflows averaging $8.44 million [2][3] - The price of XRP has not reflected the positive inflow trends, currently trading at $1.86 with a slight dip of 0.82% over the last 24 hours [4] Industry Developments - Several crypto issuers are planning to introduce more ETFs, including Bitwise's filing for a US spot ETF tracking the SUI token and Canary Capital's submission for a staked Injective ETF [5][6] - The introduction of these new ETFs would provide investors with regulated exposure to various tokens, along with potential staking rewards [6]

Group 1 - The Iranian currency, the rial, has depreciated significantly, leading to widespread protests in Tehran as citizens see their life savings evaporate due to poor fiscal policies by the central bank [1][2] - FPG Financial International highlights that the collapse of sovereign currency purchasing power has raised alarms for global investors, emphasizing the strategic importance of decentralized asset allocation in extreme economic environments [1][2] - Bitcoin is increasingly viewed as a new path for ordinary citizens to protect their wealth amid long-standing global challenges in economic management, according to Hunter Horsley, CEO of Bitwise [1][2] Group 2 - Since June of this year, the rial has lost over 40% of its purchasing power, with the exchange rate now at an astonishing 1,400,000:1 against the dollar, compared to 70:1 forty years ago, indicating a dramatic inflationary trend [1][2] - The financial system's vulnerability has been exposed due to external pressures and internal mismanagement, with the bankruptcy of Bank Melli putting millions of assets at risk and eight other banks facing dissolution [3] - Despite low electricity costs making Bitcoin mining cheaper than market prices, strict administrative interventions hinder the public's ability to capitalize on these arbitrage opportunities in the constrained financial environment [3] Group 3 - The erosion of fiat currency credit systems often catalyzes a surge in demand for safe-haven assets, prompting FPG Financial International to suggest that investors should prioritize diversified asset allocation to mitigate potential liquidity crises and currency fluctuations amid increasing global economic uncertainty [4]

Economic Crisis in Iran - Iran's rial has depreciated over 40% since the conflict with Israel began in June 2025, with a drop from 32,000 per dollar in 2015 to over 1.4 million, indicating a nearly 44-fold depreciation in ten years [2] - Inflation in Iran reached 42.2% in December, a rise from the previous year and an increase of 1.8% compared to November, severely impacting Iranian families [3] - Food prices surged by 72% in December 2025 compared to the previous year, while medical goods increased by 50% [3] Protests and Unrest - Protests erupted across major cities in Iran, including Tehran, Isfahan, Shiraz, and Mashhad, marking the largest demonstrations since 2022 [4] - Shops in Tehran's Grand Bazaar closed in protest against the economic situation [4] - The crisis is exacerbated by falling oil revenue due to US sanctions, issues in the banking sector, political chaos, and structural corruption, leading to the resignation of the Central Bank Governor [4] Government Response - The Iranian government has implemented measures such as food vouchers and subsidies to alleviate public frustration, but these efforts have provided limited relief amid ongoing inflation [5] - Traditional safe havens like gold have seen significant price increases, with gold coins reaching 1.7 billion rials each by December 28, more than double their value in June [5] Bitcoin as a Safe Haven - Bitcoin is being considered as a potential alternative safe haven asset alongside gold, with Bitwise CEO Hunter Horsley suggesting its role in providing protection against financial turmoil [1][6]

Group 1 - Standard Chartered's Geoffrey Kendrick has issued a bullish price prediction for XRP, forecasting it to reach $8 by 2026, representing a potential increase of 330% from its current price of $1.86 [1][6][7] - The positive outlook is attributed to the SEC dropping its appeal against Ripple and the approval of spot exchange-traded funds (ETFs) linked to XRP, which have seen significant inflows [1][4][5] - The legal battle between the SEC and Ripple concluded in July 2023, with the court ruling that Ripple's programmatic sales of XRP on exchanges do not constitute securities transactions, although sales to institutional players were deemed a violation [2][3] Group 2 - Following the legal resolution, several companies, including Franklin Templeton and Greyscale, launched spot XRP ETFs in the U.S., which have collectively attracted $1.14 billion in new inflows as of December 26 [5] - The regulatory clarity surrounding XRP as a financial asset has contributed to the optimistic price projection by Kendrick, highlighting the importance of regulatory developments in the cryptocurrency market [6]

Core Insights - Digital asset investment products experienced significant outflows of $446 million last week, totaling $3.2 billion in withdrawals since mid-October, indicating persistent selling pressure in the market [1] - Year-to-date inflows reached $46.3 billion, closely aligning with 2024's total of $48.7 billion, yet assets under management have only increased by 10% since January, reflecting fragile investor sentiment [2] - The United States accounted for the majority of global withdrawals, with $460 million withdrawn last week, while Switzerland and Germany showed contrasting trends in investment behavior [2][3] Regional Flows - Switzerland saw minor redemptions of $14.2 million, continuing a trend of measured selling in European markets, while Germany attracted $35.7 million in new capital, indicating strategic accumulation by investors [3] - The sustained buying in Germany suggests that investors are capitalizing on recent price weaknesses to build positions at lower valuations [3] Market Trends - XRP and Solana ETFs recorded the largest inflows last week, with $70.2 million and $7.5 million respectively, defying the broader market weakness affecting Bitcoin and Ethereum [5] - Since the launch of XRP and Solana ETFs, Bitcoin products have lost $2.8 billion, and Ethereum vehicles have seen outflows of $1.6 billion, highlighting a shift towards alternative assets [6] - BlackRock's iShares Bitcoin Trust attracted $25 billion in net inflows this year, despite Bitcoin's decline of approximately 30% from its October peak, ranking it sixth among all ETFs by inflows [6] Expert Commentary - The chief investment officer of Bitwise described the current Bitcoin outlook as a prolonged upward trend with lower volatility, suggesting a 10-year upward grind of strong returns, supported by institutional buying that mitigates downside risks [4]

Core Insights - Analysts from Bitwise and Bitfinex predict increased adoption of crypto ETFs in 2026, which is expected to drive demand for Bitcoin, Ethereum, XRP, and Solana, potentially leading to new highs for these assets [1][2][9] Group 1: Institutional Demand and ETF Supply - Bitwise forecasts that ETFs will purchase more than 100% of the new supply for Bitcoin, Ethereum, and Solana as institutional demand accelerates [2][9] - The estimated new supply hitting the market in 2026 includes 166,000 BTC valued at $15.3 billion, 960,000 ETH valued at $3 billion, and 23 million SOL valued at $3.2 billion [4] Group 2: Market Trends and Adoption - 2026 is anticipated to be a pivotal year for institutional investors gaining access to crypto ETFs, with major firms like Morgan Stanley and Vanguard recently approving ETF access for retail investors [3] - The assets under management (AUM) for crypto ETPs are projected to exceed $400 billion by the end of 2026, indicating a significant surge in AUM for crypto ETFs [7][9] - Current AUM for these ETPs is just over $200 billion, with expectations of it doubling as institutional adoption deepens [8] Group 3: XRP ETF Performance - XRP ETFs have shown impressive demand since their launch, with U.S. XRP spot funds recording $1.07 billion in inflows, while BTC funds have seen $2.8 billion in outflows during the same period [6][9]

Meanwhile, Trend Research withdrew 20,850 ETH , worth $63.28 million, from Binance on Sunday and immediately borrowed an additional $40 million in USDT through the lending protocol Aave, which indicates continued aggressive accumulation as Ethereum trades near $3,000.Trending tokens include Neiro , Bitcoin , and OVERTAKE , with OVERTAKE standing out after jumping more than 31% on the day.On the upside, select altcoins outperformed the broader market. TokenFi surged 66.4%, while ZEROBASE climbed 68.2% over t ...

Group 1 - Bitcoin briefly surpassed $90,000, indicating a potential breakthrough after missing the "Christmas rally" that boosted the stock market to new highs [1] - Bitcoin's price increased by 3.1% to $90,200 but later narrowed to a 0.3% gain at $88,000 by the time of reporting [1] - The broader cryptocurrency market has not recovered from a sell-off that began in October, during which approximately $19 billion in leveraged positions were liquidated [4] Group 2 - Market sentiment is showing early signs of change, with increased demand for long positions in the perpetual futures market, as indicated by the highest funding rate since October 18 [7] - Grayscale's report anticipates 2026 as a pivotal year for the "institutional era" of crypto, driven by rising macro storage demand and significant regulatory improvements [7] - The report predicts Bitcoin could reach new highs in 2026, with potential for asset tokenization to grow by 1000 times by 2030 [7] Group 3 - Bitwise's CIO suggests Bitcoin may achieve steady but not explosive returns over the next decade, with lower volatility compared to previous cycles [8] - Fidelity's macro research head indicates Bitcoin may have completed its current four-year halving cycle, with October's peak of $125,000 possibly marking the cycle's top [8] - Historical patterns suggest "Bitcoin winters" last about a year, with 2026 potentially being a "year of consolidation" [8]

Core Insights - The appeal of cryptocurrency has significantly increased, transitioning from a niche market to a more mainstream financial asset [1][2] - The introduction of spot crypto ETFs last year marked a pivotal moment for broader acceptance of digital assets in financial markets, with US-based crypto ETFs attracting approximately $42 billion in inflows this year [2] - Despite high inflows, the performance of crypto ETFs has not been strong, with volatility and lack of clear macroeconomic signals contributing to this trend [2][4] ETF Performance - BlackRock's iShares Bitcoin Trust ETF (IBIT) has seen over $25 billion in inflows in 2025, reaching about $66 billion in net assets, making it the fastest-growing ETF in history [4] - IBIT is down approximately 6.4% as of December 21, 2025, reflecting a broader trend where several popular crypto ETFs are also experiencing declines [4][5] - Other notable ETFs, such as ARK 21Shares Bitcoin ETF (ARKB) and Bitwise Bitcoin ETF (BITB), are down about 6.4%, while Fidelity's Wise Origin Bitcoin Fund (FBTC) and VanEck Bitcoin ETF (HODL) have fallen by 6.3% and 6.2%, respectively [5] Market Outlook - Analysts expect continued long-term investment in crypto ETFs despite current performance issues, with predictions of over 100 new crypto-based ETFs launching next year [4] - The inherent volatility of the crypto market is acknowledged by investors, who are prepared for potential drawdowns as part of their long-term strategy [4]

Core Insights - Solana blockchain is recognized for being cheaper, faster, and more eco-friendly compared to Bitcoin and Ethereum, although it still trails behind in price, trading volume, and market capitalization [1] Group 1: Institutional Integration - Solana has seen significant integration within financial markets, particularly in the institutional sector, with at least six exchange-traded products (ETPs) launched in 2025, featuring Solana as the underlying asset [2] - The first-ever Spot Solana ETP, BSOL, launched by Bitwise on October 28, achieved 33 consecutive days of positive inflows, exceeding $647 million by December 16 [2] - Fidelity introduced the Fidelity Solana Fund (FSOL) in mid-November, followed by Charles Schwab's launch of Solana futures for both institutional and retail investors a month later [2] Group 2: Revenue Growth and Market Position - Solana is projected to surpass Ethereum in annual revenue, with estimates of $1.4 billion for Solana compared to $522 million for Ethereum [5] - Predictions for Solana's price by 2030 include a bearish target of $1,004, an average target of $1,042, and a bullish target of $1,258, indicating potential for significant gains in the next five years [5] Group 3: DeFi Integration - Solana has enhanced its presence in the DeFi space, exemplified by Hex Trust's launch of Wrapped XRP (wXRP) on December 12, which is a 1:1-backed token that mirrors the price of XRP on the Solana blockchain [4]