Goldman Sachs, Jane Street Group, and Millennium Management were the three largest reported holders of spot XRP ETFs in second-quarter 13F filings, according to Bloomberg Intelligence data shared by James Seyffart on August 31. The filings show that institutional exposure has grown alongside a sharp increase in XRP ETF inflows, even as the Ripple token […]
Ripple’s cross-border token has declined by nearly 7% over the past week, yet numerous analysts remain optimistic that a renewed uptrend could be on the horizon. Many believe the price could shift into an “up-only” phase from here, while others expect a substantial pullback before any major increase. ‘Breakout Confirmed’ As of press time, XRP […]
Asset manager Bitwise said that its XRP ETF (XRP) has crossed $500 million in assets under management (AUM) just nine months after launch. The fund’s page showed $502.7 million in net assets across 364.75 million XRP last Friday and $507.23 million after Monday’s close. “14 years in, and the $XRP community continues to be unstoppable,” […]
A recent update from the XRP Ledger Foundation welcomed the TradFi giant, which has a long history with Ripple, to a hackathon taking place just ahead of the major conference, Ripple Swell. Meanwhile, 21Shares’s XRP ETF has changed how it prices the underlying token amid renewed inflows into all such funds. Mastercard Joins The XRP […]
Although the broader landscape around XRP and the ETFs behind it is nowhere near the peaks from last year, some of the most prominent names on Wall Street have not abandoned it. Just the opposite; the recent SEC filings show that behemoths like Jane Street, Bank of America, Morgan Stanley, UBS, and a few others […]
XRP has shed more than 10% over the past week as its struggle near $1 continues. This downward pressure has pushed the crypto asset’s yearly losses to almost 70%. Despite the negative sentiment, institutional participation appears to be intact, as several firms continue to use exchange-traded products to gain exposure to XRP. Institutions Remain Unfazed […]
The spot exchange-traded funds tracking the performance of Ripple’s cross-border token took their first hit last week in over two months, but net inflows have returned. However, there’s still an evident investment exodus that we need to discuss, as the financial vehicles had no reportable data for too many days. XRP ETFs Are Back For […]
Somewhat expected following the new wave of attacks in the Middle East, the cryptocurrency market has headed south again, and Ripple’s cross-border token is no exception. While the short-term picture remains bleak, according to on-chain data, there are some charts providing more hope on the macro scale. XRP Slips Again The price of the cross-border […]
Ripple’s cross-border token has gained over 9% in the past week and now sits near $1.15 after bottoming (for now, at least) at $1.01 a few weeks ago. Such a notable resurgence in a relatively short timeframe has given wings to the perma-XRP-bulls, as new predictions of bigger rallies and peaks emerged over the weekend. […]
Ripple’s cross-border token has enjoyed robust institutional demand, standing in stark contrast to spot BTC and ETH ETFs, which have been suffering heavy outflows lately. However, that trend appears to have reversed over the past few days, putting XRP at risk of falling below the psychological $1 barrier. First Time Since March It was last […]