XRP-linked spot exchange-traded funds (ETFs) in the U.S. were the lone bright spot among altcoin products on Monday, drawing fresh capital while most other major altcoin spot ETFs stalled at flat flows—an increasingly common pattern that signals a market waiting for a clearer catalyst. According to data compiled by SosoValue, U.S.-listed XRP spot ETFs recorded a net inflow of $2.05 million on June 23 (U.S. Eastern Time), reversing the prior session's flat reading.
Global wealth manager UBS and Ethereum infrastructure specialist Nethermind have completed two joint proofs of concept. These tests demonstrate that the public Ethereum network can meet the operational and regulatory standards required by heavily regulated financial institutions.
Cardano (ADA) staged a modest recovery after falling to the $0.14 level, but the broader trend remains under pressure as traders continue to assess the impact of a sharp market correction and a recent wallet security incident within the ecosystem. At the time of writing, ADA was trading at around $0.1483, up about 1% over the past 24 hours after touching an intraday low of $0.14. The rebound has helped the token recover from its session low, although it remains significantly below recent highs. Over the past seven days, ADA has declined 11%, while losses stand at 38.6% over the last 30 days and 40.9% over the past three months. On a yearly basis, the cryptocurrency is down 74.4%.