The total market capitalization of digital assets has climbed to $4.17 trillion — a 7.3% increase from last week. Bitcoin’s dominance has slipped to 56.7%, a level not seen since October 2024, after peaking near 65% in late June.
At the moment, Bitcoin is trading around $115,800, up 4.5% over the past week. A big driver has been the renewed strength in Bitcoin ETFs, which attracted roughly $2.32 billion in net inflows over the last few days
Ethereum has outpaced BTC, climbing nearly 9.7% week-over-week to $4,720. ETH-based index funds also performed strongly, logging net inflows of $638 million. Institutional appetite continues to grow, with Ether treasury firms steadily accumulating large holdings. Just this Wednesday, Tom Lee’s Bitmine purchased another $200 million worth of ETH, echoing MicroStrategy’s aggressive Bitcoin playbook.
Ripple’s XRP followed with a 10.6% weekly jump, driven by growing optimism over the approval of upcoming spot ETFs. But the spotlight on Wall Street may first shift to Dogecoin.
Back on Feb. 6, the exchange submitted 19b-4 filings on behalf of Canary Capital, WisdomTree, 21Shares, and Bitwise for ETFs designed to track the price of XRP, the fourth-largest cryptocurrency by market value. These filings notify the U.S. Securities and Exchange Commission of a proposed rule change, which, if approved, would pave the way for the first XRP ETFs in the United States.
The original memecoin surged more than 30% this week, now trading at $0.28. The first DOGE ETF is expected to launch as early as next week, made possible by a regulatory loophole in the application process used by Rex Shares and Osprey Funds. Though structured under the ’40 Act, which is more complex, it allowed for a faster approval path.
According to a Sept. 8 filing with the U.S. Securities and Exchange Commission (SEC), the Rex-Osprey DOGE ETF (ticker: DOJE) was initially set to debut on Sept. 12 alongside funds tied to Bonk (BONK), XRP (XRP), Bitcoin (BTC), and Trump Official (TRUMP). However, analyst Eric Balchunas noted the launch has likely been pushed back to the middle of next week, with Thursday as the expected date.
Update Part 3: Another delay. Launching next week. Mid week. Prob Thur. https://t.co/Lzk2pCVo0E
— Eric Balchunas (@EricBalchunas) September 11, 2025
Overall, sentiment across the crypto space is being shaped by expectations of Federal Reserve rate cuts. Investors are now waiting for Fed Chair Jerome Powell’s announcement on Wednesday, which could set the tone for the next major market move.