BlackRock seeks staking approval for ETH ETF as institutional demand hits $1.6B
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Daily top performer — Ripple (XRP)
The S&P 500 hits record high amid strong retail sales and jobless claims drop; Fed signals split on rate cuts as Trump pushes new tariffs. Gold slips 0.26% to $3,340 as strong US jobless claims (221K) and retail sales (+0.6% MoM) reduce Fed rate cut expectations, keeping bullion in a $3,300–$3,400 range. The Coindesk Indices, which tracks the broader crypto market, rose 8.53%, with Bitcoin down 0.29% and Ether up 0.97%, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.
Today’s top performer is XRP, up 18.2% after the GENIUS Act passed, marking a historic step in US stablecoin regulation.
Ripple (XRP), launched in August 2012, is a blockchain technology company focused on improving international payments with its cryptocurrency, XRP. Ripple CEO Brad Garlinghouse celebrates the passage of the GENIUS Act, calling it a historic milestone for US leadership in financial technology, particularly stablecoins. The bipartisan bill passed 308–122 and marks the first major financial regulation since the 2008 crisis.
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Talk of the town
Nasdaq filed to let BlackRock’s iShares ETH ETF offer staking, potentially allowing investors to earn rewards from Ethereum’s proof-of-stake mechanism. Staked ETH hit a record 36M, now over 29% of supply, fueled by $1.6B in corporate ETH buys and rising ETF inflows—$726M on Wednesday alone.
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Bitcoin spot ETF flows
Category | Flow (millions) |
GBTC | 0.0 |
Non-GBTC | 17.5 |
Total | 17.5 |
Yesterday, BTC spot ETFs saw $17.5M in net inflows, all from non-GBTC funds; GBTC recorded no flow.
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Airdrop to watch
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