Bitwise Asset Management will launch its spot XRP exchange-traded fund on the New York Stock Exchange on Thursday under ticker XRP. The fund carries a 0.34% management fee, waived for the first month on the initial $500 million in assets. XRP holds a market capitalization of $127.3 billion as the third-largest non-stablecoin cryptocurrency.

XRP has fallen 19% since October 27 and now tests the $2.06-$2.15 support zone. Technical indicators show bearish momentum across multiple timeframes, with the weekly RSI dropping below the neutral 50 level. A daily close beneath $2.06 or a 4-hour close under $1.97 would confirm continuation of the downtrend.

Nvidia reported third-quarter revenue of $57 billion on Wednesday, exceeding analyst forecasts and lifting Bitcoin mining equities in after-hours trading. Cipher Mining surged more than 13%, while IREN climbed approximately 10%. Bitfarms, TeraWulf, and CleanSpark also posted gains as investors responded to the chipmaker's outlook.

World Liberty Financial burned 166.667 million WLFI tokens valued at $22.14 million from compromised wallets and transferred them to secure recovery addresses. The emergency action followed phishing attacks that affected a limited number of user accounts before the platform's official launch, according to Arkham analyst data.

Multiple Solana-based ETFs debuted on U.S. exchanges this week, with VanEck, Fidelity, 21Shares, and Canary Capital introducing new products. Collective inflows have exceeded $2 billion. Analysts are examining whether SOL could replicate Bitcoin's price trajectory following its ETF approvals.

Recent Bitcoin price volatility has driven increased demand for cryptocurrency retirement accounts, with platforms reporting exceptional activity during the downturn. Jonathan Rose, CEO of BlockTrust IRA, said the platform experienced one of its busiest weeks following the pullback, as investors viewed lower prices as strategic entry opportunities for long-term holdings. Alto's platform data shows its 29,000 users completed over 240,000 crypto transactions in the previous year.

BlackRock filed a Delaware name registration for an iShares Staked Ethereum Trust ETF on Wednesday. The filing was handled by Daniel Schweiger, a BlackRock managing director who previously registered the firm's initial iShares Ethereum fund in late 2023. Nasdaq had submitted an updated 19b-4 proposal in July to add staking capabilities to BlackRock's existing iShares Ethereum Trust (ETHA), which holds nearly $11.5 billion in assets as of November 17.

Bitcoin short-term holders are selling at significant losses as the STH-SOPR metric drops to 0.97, remaining below 1.0 for several consecutive weeks, data show. This sustained capitulation pattern typically signals fear-driven selling and has historically aligned with major market turning points. Recent exchange flows show 65,200 BTC transferred at a loss, reflecting panic behavior as nearly all recent buyers hold unrealized losses.