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Cryptocurrency News Articles

Spot Bitcoin ETFs Hit $3.1B in Record Inflows, XRP Surges 32%, and Yeti Ouro Emerges as the Next Big Player in P2E Gaming

Nov 27, 2024 at 05:55 pm

Last week, U.S.-based spot Bitcoin ETFs achieved unprecedented success, registering a record $3.1 billion in weekly inflows.

Spot Bitcoin ETFs Hit $3.1B in Record Inflows, XRP Surges 32%, and Yeti Ouro Emerges as the Next Big Player in P2E Gaming

Spot Bitcoin ETFs hit $3.1b in record inflows, XRP surges 32%, Yeti Ouro emerges as the next big player in P2E gaming

Spot Bitcoin ETFs hit $3.1b in record inflows, XRP surges 32%, and Yeti Ouro emerges as the next big player in P2E gaming.

Last week, U.S.-based spot Bitcoin ETFs achieved unprecedented success, registering a record $3.1 billion in weekly inflows. Meanwhile, Ripple’s XRP continues to thrive, up 32% over the past week, signaling bullish sentiment across the market. Adding to the excitement, the spotlight is turning to Yeti Ouro (YETIO), a new utility meme coin poised to become the next big thing in the Play-to-Earn (P2E) gaming and crypto space.

Spot Bitcoin ETFs: Breaking records

The crypto market witnessed a historic moment with spot Bitcoin ETFs reporting $3.1 billion in inflows for the week ending Nov. 22. According to crypto analytics platform SoSoValue, this marks a 102% increase from the previous week’s inflows of $1.67 billion.

This surge underscores growing institutional confidence in Bitcoin as a hedge against inflation and a long-term investment vehicle. BlackRock’s iShares Bitcoin Trust (IBIT) continues to dominate with $48.95 billion in net assets, reflecting its appeal among investors seeking exposure to the digital asset.

The momentum around ETFs hints at a broader market uptrend, with Bitcoin’s rally fueling renewed interest in altcoins, including Ripple’s XRP and emerging projects like Yeti Ouro.

XRP’s surge

On the News of the SEC chair’s resignation, Ripple’s XRP has since geared up for a standout performance. Over the last 24 hours alone the asset has climbed by about 4.5% and an impressive 32% over the week.

The recent rally pushed XRP above the $1 mark, reigniting investor optimism. According to experts, despite the recent challenges with the SEC, XRP’s rally demonstrates the market’s appetite for projects with real-world utility, a quality that aligns well with Yeti Ouro’s ambitions.

Yeti Ouro

Yeti Ouro is more than just a memecoin. It represents the future of crypto gaming by merging blockchain innovation with immersive gameplay through its upcoming P2E racing game, Yeti Go. Designed on the Ethereum blockchain, YETIO offers a limited supply of 1 billion tokens, ensuring scarcity and long-term value appreciation.

Yeti Go is a fast-paced racing game built on Unreal Engine and a vital part of the Yeti Ouro ecosystem. Players will engage in high-octane PvP races where strategy, skill, and quick reflexes are key to winning. By racing, completing challenges, and participating in tournaments players get to earn rewards in the form of Yeti Ouro tokens.

This thrilling gameplay is set to attract gamers and crypto enthusiasts, creating a vibrant community that fuels the token’s adoption. The game is expected to launch soon and the team working tirelessly on the project has released a behind-the-scenes video to give investors a better understanding.

To learn more about Yeti Ouro Community, visit the website, Twitter, Telegram, and Discord.

News source:crypto.news

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