Bitcoin Steadies Near $82,660 as Spot XRP ETFs Snap 13-Week Inflow Streak

Digital assets edged higher over the past 24 hours, but most large tokens remain lower on the week. Flows and corporate treasury activity offered a mixed picture. Spot XRP exchange-traded funds recorded their first weekly net outflow in 13 weeks, while Strive continued to add bitcoin and drew a higher price target from TD Cowen. Away from token prices, a new poll suggests that prediction markets face public scepticism as their legal fight with state regulators widens.

Markets at a glance

Bitcoin traded at $82,660 this morning, up 1.2% over 24 hours but down 1.7% over seven days. Ether stood at $2,428, a daily gain of 0.8% that leaves it 5.3% lower on the week, a sharper weekly decline than bitcoin's.

XRP led the large-cap gainers on the day, rising 1.4% to $1.31. It was also the weakest of the group over the week, with a fall of 7.5%. BNB rose 1.1% to $726.89 and is down 3.6% over seven days.

The two largest stablecoins, Tether and USDC, held their $1 pegs. The Crypto Fear & Greed Index reads 59, in "Greed" territory, despite the week's losses across the major tokens.

The stories that mattered

Spot XRP ETFs snap 13-week inflow streak with $1.84m net weekly outflow. A single $2.47m redemption from Canary Capital's XRPC fund was enough to tip the week into negative territory. The outflow is small against roughly $1.8bn in cumulative inflows since launch. Even so, the break in the streak coincides with a 7.5% weekly fall in the XRP price.

Strive lifts bitcoin holdings to 35,595 BTC as TD Cowen raises price target 27%. The broker moved its target on Strive from $44 to $56, citing the company's rapid bitcoin buying. Strive is also pricing a preferred-share sale worth about $630m in gross proceeds. That would give it further capacity to expand its treasury, which places it among the more active corporate buyers of the asset.

Most Americans oppose betting on elections, Reuters/Ipsos poll of 4,506 adults finds. Majorities in both main parties rejected election wagering. The findings come as prediction markets such as Polymarket and Kalshi face a widening legal dispute between US states and the Commodity Futures Trading Commission. Public opinion is unlikely to settle questions of jurisdiction. It may, however, shape how legislators and regulators approach the sector.

Taken together, the day's stories show demand that is still present but more selective. Institutional products tied to XRP saw a modest pause. Corporate bitcoin accumulation, financed through capital markets, continued at pace.

What to watch

• Whether spot XRP ETF flows return to net inflows after the first negative week in 13, or whether further redemptions follow the $2.47m withdrawal from XRPC.
• Completion of Strive's preferred-share sale, worth about $630m in gross proceeds, and any further additions to its 35,595 BTC holding.
• Developments in the legal contest between states and the CFTC over prediction markets including Polymarket and Kalshi, set against the poll's finding of broad public opposition to election betting.
• Whether sentiment, currently at 59 on the Fear & Greed Index, holds up if weekly price declines in ether and XRP persist.