Daily Brief: November 17, 2025

TL;DR: This week saw a surge in institutional interest with the launch of the first U.S. spot XRP ETF, while Bitcoin and Ethereum ETFs faced outflows. Global regulatory moves and innovations in stablecoins and privacy-centric cryptocurrencies highlighted the evolving landscape.

Highlights

• First U.S. Spot XRP ETF Launches: Canary Capital's XRP ETF launch marks a significant step in institutional crypto adoption, drawing substantial attention.
• Bitcoin and Ethereum ETFs Face Outflows: Despite the launch of new ETFs, Bitcoin and Ethereum see massive outflows, reflecting investor caution as Bitcoin dips below $100,000.
• JPMorgan Launches JPM Coin: JPMorgan introduces the JPM Coin to bridge traditional banking with DeFi, using Coinbase's blockchain.
• Visa Pilots Stablecoin Payouts: Visa is testing stablecoin payouts for faster payments, targeting gig workers and international businesses.
• Bitcoin Miners Diversify into AI: Bitcoin miners like Bitdeer and CleanSpark are exploring AI to stabilize earnings, reflecting a diversification trend.
• Coinbase's New Token Sale Platform: Coinbase is launching a platform to enhance transparency and compliance in token sales.

Institutional Moves

• Canary Capital's XRP ETF signals growing institutional interest in altcoins.
• Bitcoin and Ethereum ETFs see outflows amid market caution.
• JPMorgan's JPM Coin aims to connect traditional banking with DeFi.

Regulatory Developments

• The U.S. government reopening may speed up crypto-related approvals.
• Japan and the Czech Republic explore new crypto regulations.
• U.S. regulatory clarity on crypto staking could boost institutional investment.

Technological Innovations

• Visa's stablecoin payouts pilot targets faster payments for gig workers.
• Bitcoin miners diversify into AI to stabilize earnings.
• Coinbase's new platform aims to improve transparency in token sales.