XRP Beats Bitcoin and Ethereum in ETF Flows, Shiba Inu Burn Rate Jumps 3,230%, Saylor Debunks Claims That Adam Back is Satoshi — U.Today Crypto Digest

XRP beats Bitcoin, Ethereum, Solana and Dogecoin in 24-hour ETF flows

XRP is beating assets from the Big Three and even smaller meme coins in ETF flows.

XRP has surprisingly surpassed Bitcoin, Ethereum and other significant assets in daily ETF inflows. The data shows that XRP-linked products saw net inflows of about $3.3 million, while Bitcoin ETFs experienced a significant outflow of $159 million, and Ethereum products saw outflows of $64 million.

This appears to be a significant relative victory for XRP on paper, but the market context is important. First off, XRP is not taking over as the primary institutional asset. It reflects rotation under pressure more accurately.

Following periods of dominance, Bitcoin and Ethereum are seeing capital outflows, with some of that capital temporarily moving into smaller, more neutral assets like XRP. XRP is advantageous because it occupies a middle ground: it is big enough to be liquid, but it is not linked to the same narratives that are currently affecting ETH and BTC.

The ETF structure for XRP is more sensitive and smaller. Just because the baseline is lower, a few million dollars in inflows can drastically distort the daily comparison. When XRP outperforms Bitcoin in a single-day flow metric, it indicates that Bitcoin is currently losing money more quickly rather than attracting more capital overall.

Shiba Inu burn rate rockets 3,230% as price flips bullish

SHIB sees steady network growth as its burn activity continues to surge at skyrocketing pace, signaling increased demand for the meme token.

Shiba Inu is making waves as its network activity continues to flash bullish signals, and its trading price has begun to reclaim previous highs.

While the broader crypto market has become intensely bullish over the past day, the Shiba Inu burn metric has also skyrocketed as demand intensifies.

Shiba Inu’s supply has continued to plummet as SHIB burn activity shows a notable daily surge, reducing the amount of tokens left in circulation.

On Wednesday, April 8, Shibburn provided data revealing that the Shiba Inu burn rate has surged by a massive 3,230% over the last 24 hours.

While further data revealed that the amount of SHIB burned over the period is worth only about $24, per SHIB’s market value, the move is bullish for its price as it signals growing demand from investors. Thus, it marks a major increase compared to the tokens burned on the previous day.