spot XRP ETFs have officially surpassed $1 billion in net inflows this week

JPMorgan launched “MONY” on Ethereum this week, an RWA fund focused on U.S. Treasuries and fully collateralized repo.
Ethereum already leads by a wide margin in RWA TVL, and this move is likely to extend that lead in the near term.

Ethereum recorded massive net outflows of -$978.45 million.
This signals aggressive accumulation where investors are likely "buying the dip" and withdrawing assets to cold storage or on-chain environments, tightening the liquid supply despite the negative price momentum.

Since late Nov, Polymarket priced a >90% chance of a Dec cut and nailed it ahead of the official announcement while Wall St consensus was split.
Looking ahead, these are the odds for the Jan 28 meeting:
✔️ No change 76%
✔️ 25 bps decrease 23%
✔️ 50+ bps decrease 1%

BTC vs ETH exchange flows diverged strongly this week.
BTC -$1.34B net outflows = supply moving to self-custody, less immediate sell pressure.
ETH +$1.03B net inflows = more liquidity on exchanges after the rally, potential profit-taking/supply overhang.

Key risk metrics to watch 👇
✔️ Liquidations on major DeFi venues have dropped to $7.5M
✔️ Available liquidity remains high, suggesting traders are still cautious about using leverage

USDS has emerged as the largest yield-bearing/RWA stablecoin.
Since early November, its market cap is up 17.3%, in contrast to key competitors like USDe and BUIDL, which have both fallen by around 28% in the same timeframe.
Source: @stablewatchHQ

Total RWA supply on @Aave Horizon surged to nearly $300M between late August and mid-November. USCC was the main driver, thanks to its attractive yield profile.
For more insights, check out @LlamaRisk's report on Aave Horizon here👉

ETH treasuries continued to accumulate during November’s price weakness, adding over 309k ETH in November and more than 100k ETH so far in December.