The Daily: Trump Media inks 'Made in America' ETF deal with Crypto.com, XRP tops global weekly fund flows and more

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7 hours ago

The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

Happy Tuesday! Bitcoin is back above $90,000 for the first time since early March, prompting — perhaps again prematurely — fresh talk of crypto decoupling from equities, with the asset class tracking gold more closely in recent days amid Trump's tariff turmoil.

In today's newsletter, Trump Media signs a binding agreement with Crypto.com and Yorkville America Digital to launch a series of ETFs, XRP bucks the trend to lead global crypto fund weekly inflows, Standard Chartered says bitcoin could continue climbing if threats to Federal Reserve independence persist and more.

Meanwhile, crypto advocate Paul Atkins is officially sworn in as the new SEC chair.

Let's get started.

Trump Media and Technology Group has finalized a deal with crypto exchange Crypto.com and asset management firm Yorkville America Digital to launch a series of exchange-traded funds and products.

XRP investment products led global crypto fund inflows last week, adding $37.7 million as Ethereum and usually dominant Bitcoin ETPs saw net outflows of $26.7 million and $6 million, respectively, according to asset manager CoinShares.

Bitcoin could keep climbing as threats to U.S. Federal Reserve independence raise government-sector risk — a key trigger for the asset's outperformance — according to Standard Chartered Global Head of Digital Assets Research Geoffrey Kendrick.

The Mike Novogratz-founded crypto financial services firm Galaxy Digital appears to have swapped $106 million worth of ETH for SOL over the past two weeks, according to blockchain analytics firm Lookonchain.

The European Central Bank warned that President Trump's crypto push could trigger financial "contagion" in Europe, according to a policy paper seen and reported on by Politico.

Never miss a beat with The Block's daily digest of the most influential events happening across the digital asset ecosystem.

Disclaimer: This article was produced with the assistance of OpenAI’s ChatGPT 3.5/4 and reviewed and edited by our editorial team.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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