Grayscale’s GDLC Fund Holding SOL and ADA Gets SEC Nod for NYSE Debut

Prominent analyst Cheeky Crypto (203,000 followers on YouTube) set out to verify a fast-spreading claim that XRP’s circulating supply could “vanish overnight,” and his conclusion is more nuanced than the headline suggests: nothing in the ledger disappears, but the amount of XRP that is truly liquid could be far smaller than most dashboards imply—small enough, in his view, to set the stage for an abrupt liquidity squeeze if demand spikes. XRP Supply Shock? The video opens with the host acknowledging his own skepticism—“I woke up to a rumor that XRP supply could vanish overnight. Sounds crazy, right?”—before committing to test the thesis rather than dismiss it. He frames the exercise as an attempt to reconcile a long-standing critique (“XRP’s supply is too large for high prices”) with a rival view taking hold among prominent community voices: that much of the supply counted as “circulating” is effectively unavailable to trade. His first step is a straightforward data check. Pulling public figures, he finds CoinMarketCap showing roughly 59.6 billion XRP as circulating, while XRPScan reports about 64.7 billion. The divergence prompts what becomes the video’s key methodological point: different sources count “circulating” differently. Related Reading: Analyst Sounds Major XRP Warning: Last Chance To Get In As Accumulation Balloons As he explains it, the higher on-ledger number likely includes balances that aggregators exclude or treat as restricted, most notably Ripple’s programmatic escrow. He highlights that Ripple still “holds a chunk of XRP in escrow, about 35.3 billion XRP locked up across multiple wallets, with a nominal schedule of up to 1 billion released per month and unused portions commonly re-escrowed. Those coins exist and are accounted for on-ledger, but “they aren’t actually sitting on exchanges” and are not immediately available to buyers. In his words, “for all intents and purposes, that escrow stash is effectively off of the market.” From there, the analysis moves from headline “circulating supply” to the subtler concept of effective float. Beyond escrow, he argues that large strategic holders—banks, fintechs, or other whales—may sit on material balances without supplying order books. When you strip out escrow and these non-selling stashes, he says, “the effective circulating supply… is actually way smaller than the 59 or even 64 billion figure.” He cites community estimates in the “20 or 30 billion” range for what might be truly liquid at any given moment, while emphasizing that nobody has a precise number. That effective-float framing underpins the crux of his thesis: a potential supply shock if demand accelerates faster than fresh sell-side supply appears. “Price is a dance between supply and demand,” he says; if institutional or sovereign-scale users suddenly need XRP and “the market finds that there isn’t enough XRP readily available,” order books could thin out and prices could “shoot on up, sometimes violently.” His phrase “circulating supply could collapse overnight” is presented not as a claim that tokens are destroyed or removed from the ledger, but as a market-structure scenario in which available inventory to sell dries up quickly because holders won’t part with it. How Could The XRP Supply Shock Happen? On the demand side, he anchors the hypothetical to tokenization. He points to the “very early stages of something huge in finance”—on-chain tokenization of debt, stablecoins, CBDCs and even gold—and argues the XRP Ledger aims to be “the settlement layer” for those assets.He references Ripple CTO David Schwartz’s earlier comments about an XRPL pivot toward tokenized assets and notes that an institutional research shop (Bitwise) has framed XRP as a way to play the tokenization theme. In his construction, if “trillions of dollars in value” begin settling across XRPL rails, working inventories of XRP for bridging, liquidity and settlement could rise sharply, tightening effective float. Related Reading: XRP Bearish Signal: Whales Offload $486 Million In Asset To illustrate, he offers two analogies. First, the “concert tickets” model: you think there are 100,000 tickets (100B supply), but 50,000 are held by the promoter (escrow) and 30,000 by corporate buyers (whales), leaving only 20,000 for the public; if a million people want in, prices explode. Second, a comparison to Bitcoin’s halving: while XRP has no programmatic halving, he proposes that a sudden adoption wave could function like a de facto halving of available supply—“XRP’s version of a halving could actually be the adoption event.” He also updates the narrative context that long dogged XRP. Once derided for “too much supply,” he argues the script has “totally flipped.” He cites the current cycle’s optics—“XRP is sitting above $3 with a market cap north of around $180 billion”—as evidence that raw supply counts did not cap price as tightly as critics claimed, and as a backdrop for why a scarcity narrative is gaining traction. Still, he declines to publish targets or timelines, repeatedly stressing uncertainty and risk. “I’m not a financial adviser… cryptocurrencies are highly volatile,” he reminds viewers, adding that tokenization could take off “on some other platform,” unfold more slowly than enthusiasts expect, or fail to get to “sudden shock” scale. The verdict he offers is deliberately bound. The theory that “XRP supply could vanish overnight” is imprecise on its face; the ledger will not erase coins. But after examining dashboard methodologies, escrow mechanics and the behavior of large holders, he concludes that the effective float could be meaningfully smaller than headline supply figures, and that a fast-developing tokenization use case could, under the right conditions, stress that float. “Overnight is a dramatic way to put it,” he concedes. “The change could actually be very sudden when it comes.” At press time, XRP traded at $3.0198. Featured image created with DALL.E, chart from TradingView.com

BitcoinWorld Spot Bitcoin ETFs Struggle as BlackRock Outflows Trigger Alarming Sixth Day of Withdrawals Are spot Bitcoin ETFs facing a crisis of confidence? Recent data reveals a troubling pattern of net outflows, with BlackRock’s IBIT accelerating withdrawals to $374.44 million. This marks the sixth consecutive day of negative movement, raising questions about institutional sentiment toward cryptocurrency investments. Why Are Spot Bitcoin ETFs Experiencing Sustained Outflows? The current trend in spot Bitcoin ETFs shows clear division among major players. While BlackRock’s substantial withdrawals drive the overall negative flow, other funds demonstrate continued investor interest. The total net outflows reached $135.94 million on November 5, according to Trader T data, creating concern about short-term market stability. Which Spot Bitcoin ETFs Defied the Negative Trend? Despite the overall outflow pattern, five spot Bitcoin ETFs recorded positive movement. The leaders included: Fidelity’s FBTC with $113.30 million inflows Ark Invest’s ARKB with $82.94 million Bitwise’s BITB with $16.97 million Grayscale’s Mini BTC with $21.61 million VanEck’s HODL with $3.68 million This mixed performance suggests that while some investors are pulling back, others see current conditions as buying opportunities. What Does BlackRock’s Spot Bitcoin ETF Activity Reveal? BlackRock’s IBIT has shown concerning withdrawal patterns over recent months. The current $374.44 million outflow follows earlier withdrawals of $90.48 million on June 29 and $187.84 million on July 3. This consistent pattern indicates potential institutional repositioning rather than temporary market fluctuation. How Should Investors Approach Spot Bitcoin ETFs Now? The divergence among spot Bitcoin ETFs presents both challenges and opportunities. Investors should monitor: Flow patterns across different providers Market sentiment indicators beyond ETF flows Long-term potential versus short-term volatility The current situation with spot Bitcoin ETFs reflects the natural ebb and flow of cryptocurrency markets, where periods of consolidation often follow significant movements. What’s Next for Spot Bitcoin ETFs? The future of spot Bitcoin ETFs depends on multiple factors including regulatory developments, market conditions, and institutional adoption patterns. While current outflows raise short-term concerns, the fundamental case for Bitcoin exposure through regulated vehicles remains strong for many portfolio strategies. The ongoing story of spot Bitcoin ETFs demonstrates the evolving nature of cryptocurrency adoption. As institutional players navigate this space, investors should maintain perspective about both risks and opportunities in this dynamic market segment. Frequently Asked Questions What are spot Bitcoin ETFs? Spot Bitcoin ETFs are exchange-traded funds that directly hold Bitcoin, allowing investors to gain exposure to Bitcoin’s price movements without holding the cryptocurrency directly. Why are spot Bitcoin ETFs experiencing outflows? Outflows can occur due to various factors including profit-taking, market uncertainty, portfolio rebalancing, or changing risk appetite among institutional investors. Should I be concerned about spot Bitcoin ETF outflows? While sustained outflows warrant attention, they represent normal market dynamics. Many investors view price corrections as potential entry points for long-term positions. Which spot Bitcoin ETFs are performing well currently? Fidelity’s FBTC and Ark Invest’s ARKB have shown strong inflow numbers despite the overall negative trend in the spot Bitcoin ETF category. How do spot Bitcoin ETF flows affect Bitcoin prices? Significant flows can impact short-term price movements, but Bitcoin’s long-term value depends on broader adoption, technological developments, and macroeconomic factors. Are spot Bitcoin ETFs a good long-term investment? Like any investment, spot Bitcoin ETFs carry risks and require careful consideration of your financial goals, risk tolerance, and investment timeline. Found this analysis of spot Bitcoin ETFs helpful? Share this article with fellow investors on social media to spread awareness about current market trends and investment opportunities. To learn more about the latest Bitcoin trends, explore our article on key developments shaping Bitcoin institutional adoption. This post Spot Bitcoin ETFs Struggle as BlackRock Outflows Trigger Alarming Sixth Day of Withdrawals first appeared on BitcoinWorld.

The post Nvidia shares fall 3% appeared on BitcoinEthereumNews.com. Home » AI » Nvidia shares fall 3% Chipmaker extends decline as investors continue to take profits from recent highs. Photo: Budrul Chukrut/SOPA Images/LightRocket via Getty Images Key Takeaways Nvidia’s stock decreased by 3% today. The decline extends Nvidia’s recent losing streak. Nvidia shares fell 3% today, extending the chipmaker’s recent decline. The stock dropped further during trading as the artificial intelligence chip leader continued its pullback from recent highs. Disclaimer Source: https://cryptobriefing.com/nvidia-shares-fall-2-8/