XRP Flips BNB to Become Third-Largest Crypto as $14M ETF Inflows Fuel Breakout Rally

TL;DR:

XRP has surpassed BNB to emerge as the third-largest cryptocurrency. The increase is driven by a fresh rally and inflows into XRP ETFs worth $13.

Key Points:

Background:

Exchange-Traded Funds (ETFs) are investment vehicles that track cryptocurrency prices and trade on traditional stock exchanges. Bitcoin and Ethereum ETF approvals have been major milestones for crypto adoption, allowing institutional and retail investors to gain exposure without directly holding digital assets.

Why It Matters:

ETF approvals are significant because they provide regulated access to cryptocurrency investments for traditional finance investors, potentially bringing billions in new capital to the crypto market. They also signal regulatory acceptance and legitimization of digital assets as an investment class.