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…
The XRP token has experienced a significant decline this month, shedding nearly 15% of its value The XRP token has experienced a significant decline this month, shedding nearly 15% of its value. The primary catalyst for this drop is the SEC’s recent appeal in the ongoing Ripple lawsuit, a move that has injected uncertainty into…
Bitwise Asset Management has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for a new exchange-traded fund (ETF) focused on XRP. Bitwise Asset Management has taken a significant step towards expanding its cryptocurrency investment offerings by filing a registration statement with the U.S. Securities and Exchange Commission (SEC) for a new…
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…
Following Bitcoin’s spot exchange-traded fund (ETF) approval on January 11, market speculation has grown around the possibility of similar investment vehicles for major cryptocurrencies, including a spot XRP ETF. However, certain requirements and regulatory considerations must be met before such a development can occur. Regulatory Prerequisites For Spot XRP ETF FOX reporter Eleanor Terret clarifies…
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…
With the advent of Spot Bitcoin ETFs which were approved by the United States Securities and Exchange Commission (SEC) on Wednesday, crypto investors have quickly turned their attention to the next big thing which might be XRP ETFs. This is picking up steam as Steve McClurg, Chief Investment Officer (CIO) for Valkyrie, has lent his…
Since Monday, discussions around the mysterious BlackRock XRP ETF filing that appeared in Delaware have dominated the crypto space. The news of the filing was initially debunked by Bloomberg’s Eric Balchunas, but recent developments have raised suspicions that the filing was actually made by BlackRock. BlackRock XRP ETF Could Be Filed By Anyone One interesting…
On late November 13, the XRP price experienced a significant surge, momentarily jumping by 16% following a purported exchange-traded fund (ETF) filing by BlackRock, which quickly turned out to be fake. The incident began when X (formerly Twitter) users shared a filing in Delaware suggesting that BlackRock, the global asset management giant, had registered the…
Ripple has continued to revel in the glow of Judge Analisa Torres’ ruling in favor of the crypto company, with many use cases being touted for its native token XRP. The most recent use case to surface is a Spot XRP ETF, and Bloomberg analyst James Seyffart has quickly weighed in on the possibility of…