Crypto Currents: Goldman tops ripple funds as bitcoin slips below $70K

Bitcoin (BTC-USD) dipped beneath $70,000 up of today’s February CPI print, pressured by the IEA’s historical merchandise of strategical lipid reserves and persistent miner selling, portion spot ETF inflows proceed to physique with $1.56B nett successful March truthful far. Goldman Sachs surfaced arsenic the ascendant holder of XRP (XRP-USD) ETFs, organization buyers absorbed implicit $540M successful solana (SOL-USD) ETFs past quarter, and a stablecoin treasury SPAC cleared its shareholder ballot to database connected Nasdaq, each signs that accepted concern is deepening its crypto plumbing adjacent arsenic terms enactment stays choppy. On-chain, Mara Holdings (MARA) routed astir $21M successful bitcoin to a trading desk, and a prolific whale is pressing a $90M abbreviated against some bitcoin and ether.

GOLDMAN SACHS LEADS XRP ETF HOLDERS AS SPOT BITCOIN FUNDS EXTEND MARCH INFLOW STREAK: Spot bitcoin ETFs recorded $251M successful nett inflows connected Tuesday, gathering connected Monday’s $167M and pushing cumulative March inflows to $1.56B against $576.6M successful outflows, with BlackRock’s according to Cointelegraph. In a notable improvement for altcoin funds, Goldman Sachs has emerged arsenic the largest XRP ETF holder with astir $154M successful exposure, astir 15% of full XRP ETF assets of $971M, followed by Millennium Management astatine $23M and Citadel astatine $5.2M. XRP ETFs person posted lone 9 days of nett outflows since launching successful November 2025, accumulating implicit $1.4B successful cumulative inflows. Separately, organization investors accumulated implicit $540M successful U.S. spot solana ETFs during Q4, per 13F filings compiled by Bloomberg ETF expert James Seyffart, with Electric Capital holding $137.8M and Goldman Sachs $107.4M, fractional of solana ETF AUM is present held by 13F-filing institutions contempt SOL dropping much than 30% since year-end.​

CRYPTO INFRASTRUCTURE CONSOLIDATES: On the infrastructure side, Sphere 3D filed an 8-K today disclosing a definitive statement to get Cathedra Bitcoin successful an all-stock woody combining 53 MW of managed powerfulness capableness and 1.2 EH/s of proprietary hash rate. Hyperscale Data issued gross guidance today of $180M–$200M for FY26, astir treble preliminary 2025 revenue, targeting profitability by Q4.

STABLECOINX SPAC CLEARS 97% VOTE FOR NASDAQ LISTING UNDER TICKER USDE: TLGY Acquisition (TLGY) filed an 8-K today disclosing that astir 97% of shareholder votes were formed successful favour of its concern operation with StablecoinX Assets Inc. The combined institution volition database connected Nasdaq nether the ticker ‘USDE” and clasp much than 3B ENA tokens, the autochthonal token of the Ethena stablecoin protocol, backed by a $360M PIPE financing from Dragonfly, Ribbit Capital, and Blockchain.com, with the Ethena Foundation initiating a $310M token buyback. For equity investors, this creates the archetypal Nasdaq-listed conveyance for nonstop vulnerability to DeFi output infrastructure. Separately, BitGo Holdings announced today an concern successful Ubyx and the assignment of BitGo Bank & Trust arsenic a colony cause wrong Ubyx’s shared clearing web for regulated integer assets.