Teucrium 2x Long Daily XRP ETF (XXRP) reached $323.6 million in net flows this week, being the first XRP exchange-traded fund (ETF) traded in the US to surpass the $300 million threshold.

According to VettaFi’s data, XXRP now represents 52.5% of the total $616 million in net flows registered by US-traded XRP ETFs. 

Notably, all exchange-traded products (ETPs) tied to XRP in the US are pegged to derivatives, with the SEC yet to greenlight spot products as of July 29.

Two-digit growth

According to CoinShares, XRP ETPs captured $189 million in inflows last week. XXRP’s $73.4 million in net flows then represented 39% of the global flows, and a 22.7% weekly growth in inflows.

On July 21, XXRP saw the most significant daily volume of any XRP ETF in the US to date, capturing $50.4 million. 

The Teucrium ETF is the oldest of the four XRP ETFs traded in the US, launched on April 8. On May 22, Volatility Shares launched its XRP products, the funds XRPI and XRPT. While XRPI offers no leverage, XRPT offers exposure to 2x leverage.

XRPI registered $124.6 million in inflows as of July 28, according to data from ETF.com. XRPT posted nearly $168 million in net flows in the same period.

Regarding last week’s performance, Volatility Shares’ funds registered similar growth. XRPI total inflows increased by 27% by $33.6 million. At the same time, XRPT added $43.6 million in inflows, growing 26%.

The youngest of the bunch is ProShares Ultra XRP ETF (UXRP), which became live on July 16. Since then, the 2x leverage ETF captured roughly $101,000 in inflows.

Outpaced by Solana products

Despite surpassing Solana (SOL) in total market cap to become the third-largest crypto, XRP ETPs still register a smaller inflow count than SOL-related products this year.

XRP-based products closed June with nearly $410 million in year-to-date flows, against SOL’s $292.5 million.

However, XRP products now amount to $721 million in the global total net flows, losing ground to Solana-tied ETPs and their $844 million in inflows.

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TikTok has publicly denied allegations that it bought $300 million worth of TRUMP memecoins to sway US President Donald Trump.

The company addressed the claims on June 19 in a post on X, labeling the accusation “false and irresponsible” and aimed at misrepresenting its actions.

The statement followed comments by US Congressman Brad Sherman, who suggested that TikTok’s parent company, ByteDance, purchased a large volume of TRUMP tokens. He claimed the alleged transaction amounted to a direct bribe to President Trump.

Sherman argued that since Trump created the token at no cost, any purchases funneled financial benefits straight to him.

TikTok dismissed Sherman’s narrative and highlighted that his interpretation of a recent letter was misleading. The company stressed that no such transaction had occurred and described the allegations as baseless.

The timing of the accusation coincides with a new Executive Order from President Trump, granting TikTok an additional 90 days to finalize the sale of its US operations or risk a nationwide ban.

Critics argue that the President lacked legal grounds to extend the deadline, citing the initial law passed by Congress that allowed for only one extension.

Trump’s crypto ties trigger ethics concern

Beyond TikTok, the TRUMP memecoin itself is drawing scrutiny from the industry.

The token, promoted by the Trump family, has sparked growing concerns over conflicts of interest. Critics warn that a president with direct or indirect ties to digital assets could face serious questions about ethics, transparency, and foreign influence.

Several US lawmakers and nonprofit watchdogs have expressed concern over the potential misuse of political office for personal financial gain, especially through tokens with no clear use case or underlying value.

Meanwhile, the TRUMP memecoin continues to trade far from its all-time high and faces consistent sell pressure. According to data from CryptoSlate, the token has fallen over 34% in the past month.

As of press time, it was trading around $9.43, down significantly from its January all-time high of $44.28.

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Crypto traders betting on a steady bitcoin

rally got a sharp reminder of headline risk from Donald Trump’s latest tariff threats.

Over $300 million worth of leveraged derivatives positions were liquidated across centralized exchanges in the past four hours, according to CoinGlass data, as crypto prices plunged following the news.

Nearly all liquidations came from long positions—traders betting on higher prices. BTC longs accounted for $107 million of the total, while Ethereum’s ether

followed with close to $87 million. Other tokens, including Solana’s SOL , dogecoin , and SUI saw liquidations ranging between $10 million and $18 million.

“Nice aggregate flush of long leverage and de-risk selling from spot,” well-followed crypto trader Skew noted in an X post early Friday. “All driven by headlines once again.”

The sell-off came after Trump proposed a 50% tariff on imports from the European Union starting next month, along with a 25% tariff on iPhones manufactured outside the U.S., reigniting fears of an escalating trade war.

As a result, BTC and major altcoins such as Ether

, XRP , and Cardano fell 3% to 4%, while smaller-cap tokens like Uniswap and SUI dropped 5% to 7% over the past 24 hours.

Crypto trader named James Wynn, who gained attention recently opening a $1.1 billion BTC long bet with 40x leverage on the Hyperliquid exchange, also slipped underwater on the massive position. Currently, the trader is sitting on $7.5 million of unrealized losses, and the position could be liquidated if BTC slips to $102,000, according to a screenshot shared on X.

Interestingly, the long liquidations came amid a recent unusual tilt toward short positions in BTC derivatives despite record prices, CoinDesk reported on Thursday.

Read more: Why Are Bitcoin Traders Aggressively Shorting as BTC Hits New Record High?

May 20th, 2025 – PANAMA CITY, PANAMA

BingX, a leading cryptocurrency exchange and Web3 AI company, is excited to announce a bold, incremental strategy BingX AI Evolution to mark its 7th anniversary.

BingX has outlined a strategic initiative to integrate artificial intelligence across its platform and ecosystem, allocating $300 million over the next three years to support this development. This milestone initiative underscores BingX’s mission to redefine crypto with AI, driving meaningful progress across the Web3 space by embedding AI into every aspect of user experience, exchange operations, and future industry collaboration.

“We are thrilled to share this evolution as we celebrate our 7th anniversary. This is not just a product update — it’s a strategic reorientation,” said Vivien Lin, Chief Product Officer at BingX. “In the future, AI will become a defining engine of our evolution, enabling faster and smarter experiences. We want BingX to be more than just a trading platform — we want it to be a place where users feel empowered and genuinely supported by intelligent tools at every step of their journey. As AI grows more powerful, it’s crucial that innovation remains aligned with user needs and long-term trust. This drives our commitment to leading AI integration in crypto with both ambition and responsibility.”

AI as a Companion in Every User Journey

BingX will deploy AI across every stage of the user experience, beginning with an AI-powered tool to support users across various scenarios. From real-time market insights and position diagnostics to intelligent trade suggestions and trader analysis, the tool is designed to help users trade smarter and feel more confident. It addresses common concerns like market uncertainty and complex strategies. This marks the first step in making AI a true companion in every user journey.

Meanwhile, BingX Labs will accelerate investments in AI-native Web3 projects, incubating innovations that bridge decentralized technologies with machine learning capabilities.

AI at the Core of BingX DNA

Looking ahead, BingX is set to become an AI-native company in its operations, culture, and decision-making. From internal processes to strategic direction, AI will influence how BingX thinks, acts, and grows.

This long-term vision goes beyond the exchange platform, as BingX commits to playing a leadership role in building a responsible, resilient, and interoperable Web3 AI ecosystem. Through deep collaboration with industry partners, the exchange aims to co-create frameworks that ensure innovation is aligned with security, ethics, and shared standards.

AI x Web3: Shaping the Intelligent Future of Crypto

BingX recognizes that talent is the cornerstone of this revolution and aims to become the top-of-mind destination for individuals eager to lead and shape the next wave of breakthroughs in this dynamic field.

Meanwhile, BingX will establish a dedicated institute for AI research and innovation, designed to be the engine room for breakthroughs at the intersection of AI and Web3. This initiative reflects BingX’s long-term vision to not only adapt to the future — but actively build it.

BingX’s growth underscores its commitment to this AI evolution. The platform now serves over 20 million users worldwide and ranks among the Top 5 crypto derivatives trading platforms. Through BingX Labs, over $15 million has already been invested to accelerate innovation and support the broader Web3 ecosystem. As BingX moves forward, its AI-driven approach will continue to shape a more intelligent, inclusive, and connected digital economy — leading with purpose, inspiring progress, and unlocking smarter ways to AI-native future of crypto.

About BingX

Founded in 2018, BingX is a leading crypto exchange and Web3 AI company, serving a global community of over 20 million users. With a comprehensive suite of AI-powered products and services, including derivatives, spot trading, and copy trading, BingX caters to the evolving needs of users across all experience levels, from beginners to professionals. Committed to building a trustworthy and intelligent trading platform, BingX empowers users with innovative tools designed to enhance performance and confidence. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports sponsorship.

For media inquiries, users can contact: media@bingx.com

For more information, users can visit: https://bingx.com/

Contact

BingX Media
media@bingx.com