RWA ๐ Global & Macro: A major US bank report highlights a surge in online betting users, yet returns remain disappointing, raising sustainability concerns.
๐ฆ RWA & Institutional: Morgan Stanley upgrades Robinhood, citing its prediction markets business as validation for revenue expansion potential, reflecting confidence in platform diversification. The US XRP spot ETF sees $14.38M daily net inflow, underscoring growing institutional interest in crypto-based ETPs.
โก Crypto & Markets: XRP spot ETF inflows signal continued expansion of digital asset investment vehicles in traditional finance, while online betting’s poor returns may impact related crypto sectors.
๐ก Key Takeaway: Institutional adoption of crypto ETPs and diversified platforms like Robinhood points to maturing digital asset markets, but caution is warranted in high-risk sectors like online betting.