Ripple’s native token just ended September well in the green, extending its streak that began with a minor increase in July. All eyes are now on October on several fronts. The question is: can XRP continue its run, or will the last two October editions take their toll? XRP Went Hard in September Recall that […]
The spot exchange-traded funds tracking the performance of Ripple’s cross-border token started the week quietly but built on by the end of it, reaching a new cumulative all-time high. At the same time, the products tracking Solana’s SOL are on a green-only streak since September 11, and the inflows peaked on Friday with more than […]
Ripple’s cross-border token remains highly appealing to institutional investors, while whales have also accumulated a significant amount of tokens lately. Despite these positive factors, XRP has slipped 8% after a red wave swept through the broader market. Meanwhile, one of the company’s top executives shared the stage at the MESA Forum with representatives from financial […]
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 […]