Tag Archives: tokenization

Bitmine Buys $49M More ETH During Dip

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Bitmine just grabbed another $49M of ETH even while prices tank. Now sitting on 3. 5M ETH worth $10B second only to Strategy. Tom Lee says market makers are still broke from October crash, so pain lasts a few more weeks. Bitmine just scooped up another 17, 242 ETH for about $49 million on November 21. Which is pushing its total stash to roughly 3. 5 million ETH worth over $10 billion. That puts them right behind Strategy as the biggest corporate Ethereum holder. Even with ETH sliding hard to $2,780 and the whole market looking rough, Bitmine keeps stacking. The old mining outfit turned treasury giant is dead set on grabbing around 5% of all Ethereum out there someday. They fund the buys with fresh cash raises, staking rewards, and quiet OTC deals through desks like FalconX and BitGo so they don’t rattle the spot price. Why Prices Still Hurt Chairman Tom Lee told CNBC the market’s still stuck because big market makers got burned in the October 10 liquidation mess and haven’t rebuilt their balance sheets yet. He says it’s like 2022 all over again took eight weeks back then, we’re six weeks in now, so maybe a couple more weeks of pain before things loosen up. Bitmine’s own stock (BMNR) got hammered over 10% to $26. 02, but the company isn’t blinking. They see Ethereum as the backbone for DeFi, smart contracts, and tokenization for years to come. As liquidity creeps back, everyone’s watching if this aggressive dip buying pays off big.
https://bitcoinethereumnews.com/ethereum/bitmine-buys-49m-more-eth-during-dip/

XRP Set for a Big Week as Canary Capital ETF Launches on November 13

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**XRP Poised for Major Surge as Canary Capital XRP ETF Launches November 13**

XRP could be set for one of its biggest weeks in 2025, with asset manager Canary Capital readying the highly anticipated launch of its XRP ETF on November 13. As excitement builds, experts suggest the token’s value could see a significant jump.

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**Canary Capital XRP ETF Set for Thursday Debut**

Last week, Canary Capital filed an updated S-1 registration with the SEC, removing the “delaying amendment” that had previously held back the fund’s launch. With this regulatory hurdle cleared, the ETF is now scheduled to launch this Thursday.

Many analysts believe this development could boost XRP’s performance, especially as the token currently trades near multi-week support levels.

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**Growing List of XRP Spot Funds Hitting the Market**

The Canary Capital ETF joins a growing lineup of XRP spot funds appearing on the DTCC. Franklin Templeton’s offering may debut on November 14, while Bitwise is expected to launch between November 19-20. Meanwhile, 21Shares and CoinShares are targeting mid-to-late November for their respective launches.

Anticipation around these ETF launches was evident at Ripple’s recent Swell conference. Teucrium CEO John Gilbertie told attendees, “The last half of November could be very important for XRP,” citing both institutional inflows and a broader trend toward real-world asset tokenization.

Gilbertie also advised investors to keep a long-term outlook: “Believe in it. Don’t worry about volatility. It will even out as adoption comes and more institutional money enters.”

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**XRP Products Deliver Promising Market Results**

Recent XRP product launches have shown strong performance. The REX-Osprey XRP ETF traded $37.7 million on its first day, marking the strongest ETF debut of 2025 to date. Similarly, the Teucrium 2x Long Daily XRP ETF attracted robust volumes through its first week—clear signs of strong market interest.

These indicators suggest the new Canary Capital ETF could also attract high inflows at its launch.

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**Is XRP Significantly Undervalued?**

A recent research report highlights the potential impact of these ETF launches on XRP’s value. At $2.40, analysts argue XRP remains one of the most undervalued large-cap cryptocurrencies. The report notes that spot Bitcoin ETFs drew over $50 billion in assets upon launch, and XRP doesn’t need inflows of that magnitude to see significant price appreciation. Even a fraction of that investment could help drive XRP much higher in the coming weeks.

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**Conclusion**

With several major ETF launches lined up and growing institutional interest, XRP could be on the verge of a breakout. Investors, both retail and institutional, will be watching closely as the landscape for XRP spot funds continues to evolve through November.
https://bitcoinethereumnews.com/tech/xrp-set-for-a-big-week-as-canary-capital-etf-launches-on-november-13/