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BlackRock’s bitcoin ETF outstrips SPDR Portfolio S&P 500 ETF in inflows

As bitcoin recovers above the $103,000 level, BlackRock’s iShares Bitcoin Trust has taken fourth place in 2025 inflows, eclipsing State Street’s SPDR Portfolio S&P 500 ETF.

IBIT has seen $13.7 billion in flows during the year, $4 million more than the SPDR Portfolio S&P 500 ETF, per a Monday X post from Bloomberg ETF analyst Eric Balchunas:

SPLG emerged nearly 20 years ago. Meanwhile, IBIT started trading in January 2024. 

The year-to-date flows for the world’s largest bitcoin fund trails just three giant funds: Vanguard Total Stock Market ETF, the iShares 0-3 Month Treasury Bond ETF, and the Vanguard S&P 500 ETF

Michael Saylor, executive chairman of bitcoin treasury firm Strategy, posted, “$IBIT is destined to be first in flows.” Balchunas pushed back, replying, “Possible.. I’ll never say never with IBIT.. altho $VOO is having a moment.. +$82b YTD in June is utterly insane.” 

IBIT’s climb in rank comes just weeks after the bitcoin investment vehicle became the fastest ETF in history to reach $70 million in assets under management.

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Ripple launches treasury platform to manage cash and cryptocurrencies

Ripple, the firm closely tied to the fifth-largest cryptocurrency, XRP, introduced a new treasury platform for digital asset and traditional cash management for users like financial officers, treasurers, and accountants. 

Ripple’s move comes more than three months after it acquired treasury software provider GTreasury for $1 billion, one of several steps to grow the firm’s position in corporate finance.

Combining Ripple’s blockchain rails and GTreasury’s software, the new platforms goal is to simplify treasury operations. It eliminates settlement delays with payment times of three to five seconds and optimizes yield from working capital 24/7 through tokenized money market funds such as BlackRock’s BUIDL and overnight secure repo markets with RLUSD, according to a Tuesday blog post

Ripple Treasury also aims to provide “real-time cash positions, automated forecasting, and seamless reporting across traditional cash, digital assets, RLUSD, and XRP holdings,” the blog post stated.

Last year, Ripple filed its national banking license application with the US Office of the Comptroller of the Currency, while the firm’s subsidiary Standard Custody & Trust Company applied for a Federal Reserve master account, which would allow Ripple to hold RLUSD reserves directly with the Fed.

XRP has seen $2.4 billion in trading volume in the last 24 hours, increasing 1.8% in the period. The tokens all-time high was set in July 2025 at $3.65. Meanwhile, spot XRP ETFs had nearly $9.2 million worth of inflows on Tuesday, bringing cumulative inflows to $1.4 billion.

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