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Search Results for: xrp

Canada Moves First as Purpose Investments Seeks Approval for World’s First Spot XRP ETF

Canadian asset manager Purpose Investments has filed a preliminary prospectus with regulators to launch the world’s first-ever spot XRP exchange-traded fund (ETF). If approved, the Purpose Ripple ETF would provide investors a regulated and transparent way to gain exposure to XRP, a cryptocurrency widely used in cross-border payments. With over

February 1, 2025 3 mins read

Can XRP Break Its Consolidation Phase and Reach a New ATH?

XRP has remained in a consolidation phase, preventing it from establishing a new all-time high (ATH). While the altcoin continues to hold above $2.95 support, it lacks the momentum needed for a decisive breakout. However, a shift in investor sentiment could change this trajectory. XRP Investors Face Losses as Market

January 31, 2025 2 mins read

Could BlackRock Follow Grayscale in Launching an XRP ETF? Here’s What to Expect

Grayscale has submitted an application for an XRP ETF with the SEC: looking to make its XRP Trust an ETF tracked on the New York Stock Exchange. Grayscale’s Move Raises Questions About BlackRock’s Next Step The asset currently worth $16 million is the creation of Judge Analisa Torres’ decisions in

January 31, 2025 2 mins read

Grayscale Files for Spot XRP ETF Listing on NYSE

Grayscale Investments has filed with the New York Stock Exchange (NYSE) to convert its existing XRP Trust into a spot exchange-traded fund (ETF). The move aims to provide investors with direct exposure to XRP without holding the cryptocurrency. The Trust currently manages $16.1 million in XRP assets. According to the

January 31, 2025 2 mins read

Trump Advisor Is Seen Selling XRP To Bet This AI Altcoin

Ripple has long been a cornerstone of the crypto space, renowned for its role in cross-border payments, with the XRP price often reflecting its adoption and regulatory developments. However, ongoing lawsuits, shifting regulations, and evolving market priorities have kept the XRP price in a volatile market. Now, with a Trump

January 31, 2025 3 mins read