The XRP Ledger upgraded to v3.2.0 on June 15, 2026, renaming its reference server from rippled to xrpld. A companion fixCleanup3_2_0 amendment patches precision/validation bugs in Vaults, the Lending Protocol, permissioned DEX and MPTs. As of July 8, 89% of validators had upgraded (above the 80% threshold) but the amendment vote lagged behind.
XRP spot ETFs launched November 2025 (Bitwise, Grayscale, 21Shares, Franklin Templeton). Cumulative net inflows reached about $1.49B by July 2026 as reported; flows are the cleanest read on institutional XRP demand.
Ethereum ETF flows = net daily creations minus redemptions across the US spot ETH ETFs. Positive = institutions adding exposure; negative = trimming. Read alongside price and AUM, not in isolation.
