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BNY Mellon Custody, Quantum Upgrade & ETF Outflows | XRP Daily
Audio is available on Spreaker — see link below.
BNY Mellon adds XRP and RLUSD to its institutional custody platform as the XRP Ledger moves early on quantum-resistant security — with no coin migration required for self-custody holders. Plus: a $10M ETF outflow day, funding rate signals, and a new XRPL Foundation education grant.
Audio is available on Spreaker — see link below.
The XRP Ledger is getting quantum-resistant security, and here's the part that matters most for self-custody holders: you won't need to move your coins. The draft amendment introduces a new key type called ML-DSA-44, which lets existing account holders add a quantum-resistant key alongside their current one.
The technical details are worth understanding. Transactions using the new key type will run to around five thousand three hundred bytes, roughly three times the current size.
Stepping back to the institutional picture, BNY Mellon has added both XRP and RLUSD to its institutional digital asset custody platform. BNY Mellon is one of the largest custodian banks in the world, and this isn't a small footnote.
On the ETF side, there was a notable outflow day. Around ten point four two million dollars left US spot XRP ETFs on November ninth, with Bitwise accounting for the bulk of that.
One more signal worth watching: Binance XRP funding rates hit a one-year high on a thirty-day cumulative basis, even through the recent correction. Elevated funding rates in a down move can sometimes indicate that the correction is running out of momentum.
The two things worth watching from here are validator approval progress on the quantum amendment, and whether BNY Mellon custody translates into actual client activity. Those are the real proof points.
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