The recent filing by Bitwise for an XRP exchange-traded fund (ETF) marks a pivotal moment in the advancement of institutional investment in Ripple’s cryptocurrency. This announcement, initially reported by Fox Business journalist Eleanor Terrett, showcases the growing interest among institutional players in integrating digital currencies into mainstream financial instruments. Bitwise’s establishment of an XRP ETF
XRP
On October 2, 2023, the U.S. Securities and Exchange Commission (SEC) reignited its legal battle against Ripple Labs by filing a notice of appeal concerning a pivotal court ruling. This marks another chapter in the lengthy contest over whether the XRP token, associated with Ripple, constitutes a security under U.S. law. The appeal seeks to
The ongoing conflict between the Securities and Exchange Commission (SEC) and Ripple Labs regarding the status of XRP has captured the attention of the cryptocurrency community and financial regulators alike. The SEC initiated legal proceedings against Ripple in December 2020, accusing the company of executing an unregistered securities offering totaling $1.3 billion through the sale
On September 30, the cryptocurrency landscape appeared gloomy, with many prominent coins experiencing losses. Bitcoin, Ethereum, and Binance Coin marked declines, while smaller coins like Dogecoin and Shiba Inu faced even more dramatic downturns. In this turbulent environment, Ripple’s XRP unexpectedly emerged as a positive exception, marking a noteworthy 4% rise in value. This phenomenon
In recent weeks, Ripple’s XRP has displayed a noticeable upward trend, drawing attention from both investors and analysts alike. Currently fluctuating around $0.59, according to CoinGecko, XRP may not be making headlines like some of its counterparts in the cryptocurrency arena, yet it is experiencing considerable positive movement on a weekly basis. Analysts are increasingly
Bitcoin, the leading cryptocurrency, recently exhibited remarkable volatility, capturing the attention of investors and analysts alike. After experiencing a significant downturn on Monday, with prices plummeting from approximately $60,000 to $57,600, the market swiftly reversed course. Enthusiastic buyers propelled Bitcoin to an impressive high, exceeding $61,000 for the first time in three weeks. Such sharp
In an impressive turn of events, Ripple’s XRP has climbed 10% over the past week, positioning it as the most successful cryptocurrency among the top 20 in the market. Currently trading around $0.58 according to CoinGecko, XRP’s trading volume has also gained traction, reaching about $1.2 billion—surpassing well-known cryptocurrencies like Binance Coin (BNB). This sudden
Last week marked a notable period for XRP, which experienced a remarkable 7.5% increase fueled primarily by the launch of Grayscale’s Ripple Trust. This new investment vehicle, unveiled on September 12, offers investors an innovative way to gain direct exposure to XRP without engaging in the cumbersome process of purchasing, storing, or managing the cryptocurrency
The cryptocurrency landscape is ever-evolving, and the recent announcement from Grayscale Investments has introduced a new player in this arena: a Trust that specifically tracks Ripple’s native token, XRP. This development comes at a crucial juncture for Ripple, which is entangled in a significant legal battle with the U.S. Securities and Exchange Commission (SEC). As
In a significant move influenced by regulatory scrutiny, eToro’s U.S. arm has announced it will discontinue trading the majority of its cryptocurrency assets, following a new directive from the Securities and Exchange Commission (SEC). This decision stems from allegations that the platform has been operating in violation of federal securities laws since at least 2020.