XRP has reacted positively since the launch of spot Bitcoin ETFs in the US, both in its price and general market sentiment. At the same time, recent data from CoinShares on the weekly inflow into digital asset funds reveal that the positive sentiment flowed into XRP-based investment products, with institutional investors increasing interest amid speculations…
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Spot XRP Exchange-Traded Funds (ETFs) started the week surpassing most crypto-based investment products after the record debut performance of Grayscale and Franklin Templeton’s funds. Related Reading GXRP, XRPZ See Record Debut This week, the second batch of spot XRP ETFs went live, debuting with a record-breaking performance. Notably, Grayscale and Franklin Templeton launched their XRP-based…
The contrasting flows highlight a market where some large investors are moving XRP away from exchanges even as leveraged traders position for further weakness in Bitcoin. CryptoQuant data shows whales accounted for about 77% of XRP outflows from centralized exchanges on a seven-day average, compared with 22.8% for retail participants. Binance showed an even stronger…
In a move that could mark a turning point for XRP adoption, WisdomTree Funds, a New York-based asset management firm, has filed for an XRP exchange-traded product (ETP) with the state of Delaware as of November 25. This filing is seen as a precursor to a broader submission with the U.S. Securities and Exchange Commission…
Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this…
Expectations around XRP exchange-traded funds were seen as a turning point that could unlock new institutional demand and change XRP’s price structure in favor of buyers. However, recent on-chain data suggests the price response has diverged immensely from that narrative. Metrics tracked by the on-chain analytics platform CryptoQuant point to a very different dynamic unfolding…
Este artículo también está disponible en español. Crypto asset manager Bitwise has made a significant move by submitting an initial registration statement to the US Securities and Exchange Commission (SEC) on Wednesday for its spot XRP ETF. This action confirms the authenticity of its filing on September 30, following widespread speculation regarding the development. XRP…
Canary Capital’s XRP ETF made a historic debut on Thursday, surpassing its competitors by hitting $58 million in trading volume on its first day, setting a record for the most traded ETF launch this year. This milestone was lauded by Bloomberg expert Eric Balchunas on the social media platform X (formerly Twitter), underlining the remarkable…
XRP investment products witnessed a notable spike in inflows last week. CoinShares data shows that XRP products attracted $39.6 million last week, a 1,220% jump from the modest $3 million recorded in the previous week. The move came as digital asset investment products posted their sixth straight week of inflows, bringing in $857.9 million across…