SEC halted all 3× crypto ETF filings after ruling the proposals exceeded federal leverage limits. ProShares withdrew its 3× Bitcoin, Ether, Solana and XRP filings after receiving SEC warning letters. Regulators tightened scrutiny as firms pushed 3× and 5× leveraged products during volatile

Within less than a month of its launch, the US spot XRP ETF has rapidly approached $1 billion in assets under management (AUM), with cumulative net inflows reaching $881.25 million and no single-day outflows recorded, making it one of the fastest-growing crypto investment products. However, in stark contrast to the robust institutional inflows, the market price of XRP continues to face downward pressure, currently trading near $2.09, down approximately 31% over the past two months. According to market analytics platform Santiment, social sentiment surrounding XRP has sharply turned negative, entering the "fear zone." This is similar to the scenario at the end of November when sentiment hit bottom and then rebounded by 22%, suggesting the market may be approaching a sentiment-driven turning point.