XRP ETF Inflows Surge to $17.11 Million, Driving Altcoin Gains Amid Regulatory Uncertainty
Ripple (XRP) spot ETFs recorded $17.11 million in net inflows on April 15, marking the largest single-day intake since early February. Total assets under management for XRP ETFs now exceed $1.25 billion. The surge in inflows coincided with a 5% rise in XRP's price to $1.46, driven by anticipation around the SEC's CLARITY Act roundtable and the Senate Banking Committee's planned markup of the digital asset market structure bill. Bitcoin and Ether traded near two-month highs, with Bitcoin at $75,274 and Ether at $2,355. Altcoins like Solana also outperformed Bitcoin, with SOL climbing 5.9% to reclaim the $90 level. The broader altcoin market gained strength, pushing Bitcoin's dominance to roughly 57%. The SEC convened a roundtable on options market structure, led by officials steering the agency's crypto agenda. The Senate Banking Committee is targeting a late-April markup of the CLARITY Act, which would clarify jurisdictional boundaries between the SEC and CFTC. The expiration of the Iran ceasefire on April 22 is seen as a potential catalyst for renewed volatility in the crypto market.
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