Institutional capital is executing a sharp rotation. While the broader digital asset market shed $446 million last week, XRP investment products recorded $70.2 million in inflows, according to the latest CoinShares Digital Asset Fund Flows Report. The divergence is stark. Bitcoin products saw $443 million in outflows—one of the largest weekly pullbacks since October. Ethereum funds followed suit, losing $59.3 million. Source: CoinShares XRP (trading at $1.87, +0.43%) and Solana (trading at $125, +1.41% ...

crypto ETNS vs ETFs. Photo by BeInCrypto The US banking industry has mounted a coordinated challenge to the Office of the Comptroller of the Currency’s (OCC) approach. The pushback targets the regulator’s efforts to integrate cryptocurrency firms into the federal banking system. On December 12, OCC issued conditional approval of national trust charters for five digital asset firms, including Ripple, Fidelity, Paxos, First National Digital Currency Bank, and BitGo. The bank regulator stressed that the cryp ...

Photographer: Al Drago/Bloomberg US banking agencies are easing Obama-era rules that spurred complaints from bankers they were being sidelined by too much regulation amid rapid growth in the private credit industry. The 2013 guidance was “overly restrictive” and “overly broad,” the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. said in a statement on Friday. The old guidance resulted in a significant drop in market share for regulated banks in leveraged lending and push ...