Asset manager WisdomTree overseeing $113 billion in assets, has filed to establish a trust entity in Delaware as a preliminary step toward launching an XRP (CRYPTO: XRP) exchange-traded fund (ETF). What Happened: If successful, the ETF would track the price of XRP, the sixth-largest cryptocurrency by market capitalization, and join a growing list of applications for crypto ETFs, which are reshaping institutional access to digital assets.
Appearing to follow in the footsteps of Bitwise and Canary Capital, WisdomTree filed to register and XRP ETF entity.
TL;DR Ripple launches the first tokenized fund on the XRP Ledger (XRPL), based on abrdn's US Dollar Liquidity Fund, managing $3.8 billion. The collaboration with Archax and abrdn marks a significant step in real-world asset (RWA) tokenization and the adoption of blockchain in institutional finance.
XRP whale activity is signaling possible sustainable bullish momentum for the asset, which has broken out after prolonged price consolidation.
On Monday, it was announced that asset manager WisdomTree has entered the race for a spot XRP ETF. The move comes at a pivotal time, marked by expected leadership changes at the US Securities and Exchange Commission (SEC) and the recent election of Donald Trump.
WisdomTree's move into XRP ETFs signals growing diversification in crypto investment products, potentially broadening market participation. The post WisdomTree files for XRP ETF via Delaware trust appeared first on Crypto Briefing.
New York-headquartered asset management firm, WisdomTree has filed a registration statement for XRP ETF in Delaware. With this preliminary move, the firm is likely days away from officially filing for the product with the US Securities and Exchange Commission (SEC).
Renowned trader and market analyst Peter Brandt, long known for his critical stance on XRP, has stunned the crypto community with a surprisingly bullish forecast for the Ripple-affiliated token.
Ripple and Archax just made a big move that could change how institutional finance works. Together, they've launched the first ever tokenized money market fund on the XRP Ledger (XRPL). It's based on abrdn's $3.8 billion US Dollar Liquidity Fund, and it's a huge deal for anyone watching the rise of tokenized assets.
After a multi-week winning streak in the wake of Donald Trump's re-election and the announcement Chair Gary Gensler will be stepping down from the Securities and Exchange Commission (SEC), the cryptocurrency market entered a zone of uncertainty and high volatility over the weekend.
As became known thanks to the latest weekly research by CoinShares, investment products linked to the popular cryptocurrency saw a staggering result with inflows of $15.2 million. In fact, this is 353% higher than the week before and brings the year-to-date total for XRP-focused ETFs to $46 million.
XRP's open interest, which refers to the total number of open futures or options contracts, has hit a new record high of $2.6 billion, according to CoinGlass data.
The XRP price has staged a strong recovery this month, making it one of the best-performing top ten cryptocurrencies. Ripple (XRP) peaked at $1.
Ripple has launched the first tokenized money market fund on the XRP Ledger (XRPL) through a partnership with UK-based firms Archax and Abrdn, according to a Nov. 25 statement. This initiative involves Abrdn managing the fund as part of its £3.8 billion US Dollar Liquidity Fund (Lux).
XRP Ledger (XRPL) has launched the first tokenized money market fund. According to an announcement on the Ripple X handle, XRPL achieved it in collaboration with two other entities.
Stellar (XLM) has been steadily gaining momentum in recent days, currently trading at $0.52 — a 127% increase over the past week.
Despite recent highs, XRP might be on shaky ground. Technical analysis reveals declining trading volumes and an overbought RSIclassic precursors to a market downturn.
The tokenization of real-world assets has significantly grown on the XRPL network as Ripple onboards more institutional investors through regulated channels.
Brian Q, an expert at on-chain analytics firm Santiment, shared his insights into controversies in retail sentiment in the past seven days. It looks like Bitcoin (BTC) might be disappointing for the crowd, while some old-school altcoins are in the spotlight again.
XRP has had a fantastic run lately, hitting remarkable highs and boosting market confidence. Technical analysis and current on-chain metrics, however, indicate that the rally may be coming to an end.
Most of the coins have come back to the green zone after a slight correction, according to CoinMarketCap.
Ripple's payments-friendly $XRP coin has surged 31% on last week and 11.8% overnight to outperform the market leaders Bitcoin ($BTC) and Ethereum ($ETH). Bitcoin is up 8% from last week to trade at $97,542, while Ethereum rose 13% to $3,467.
The next few days will reveal XRP's direction. But the bulls' resolve to protect XRP from further drops gives them a strong psychological advantage.
Ripple's XRP has had a turbulent few days, with the cryptocurrency facing strong resistance levels while still managing to hold steady above crucial support zones. As of November 25, XRP is trading near the $1.40 mark, down more than five percent, in line with the broader downturn seen across the cryptocurrency market.
Ripple whales bought more than 50 million XRP over the weekend, reports crypto analyst Ali Martinez. Citing data from Santiment, Martinez shows in a chart attached to a post how the total balance of holders holding no less than 1 million to 10 million XRP has increased to 4.29 billion tokens, with an apparent increase in the last two days.
Three reasons are mentioned behind the OI surge.
Archax has introduced a tokenized version of a money market fund offered by abrdn on the XRP Ledger (XRPL). The development came through a collaboration with Ripple.
XRP price has struggled to find stability above the 1.50 mark, making it the immediate target price to build on last week's 40 percent gain.
Crypto payments firm Ripple on Monday announced its first tokenized money market fund in partnership with FCA-regulated crypto exchange Archax and UK asset manager abrdn. The tokenized money market fund will be available on the XRP Ledger (XRPL) blockchain.
After the news of Gary Gensler stepping down in January, XRP is witnessing explosive activity, with Ripple whales adding over 250 million tokens to their holdings in just a short period. Amid this buying spree, XRP's price has surged, and the futures market is breaking records—topping $2.50 billion in open interest.
The partnership could accelerate the adoption of digital securities, transforming financial market infrastructure and enhancing efficiency. The post Ripple partners with Archax to debut first tokenized money market fund on XRPL appeared first on Crypto Briefing.
Amid revolutionary announcements, technological advancements, and regulatory turbulence, the crypto ecosystem continues to prove that it is both a territory of limitless innovations and a battleground of regulatory and economic disputes. Here is a summary of the most notable news from the past week surrounding Bitcoin, Ethereum, Binance, Solana, and Ripple.
XRP price has already retested the peak of the 2021 bull run and on-chain data shows that whale investors are relentlessly buying more.
XRP has emerged as a standout performer, recording a 90% surge in 90 days compared to Bitcoin's 51% and Ethereum's 20% gains. This meteoric rise highlights the token's growing strength and resilience in a competitive market.
Stuart Alderoty, Ripple's Chief Legal Officer, credits the company's legal team for its pivotal role in shaping the cryptocurrency industry's fight against SEC overreach.
The broader digital currency ecosystem trends have called for caution among crypto investors as total market liquidation has surpassed the $490 million threshold. According to data from CoinGlass, the total liquidation has impacted over 185 traders as top altcoins Dogecoin (DOGE) and XRP come into focus.
XRP News: Ripple whales have purchased millions of XRP in the last few weeks triggering a massive 200% rally this month. XRP price saw a 10% correction last weekend, but on-chain data revealed that whales have bought more than 250 million during the dip.
Stellar's XLM token has recorded a 180% weekly price increase and 480% monthly gain, reaching $0.566 with a $17.3B market cap, amid strong trading volume and technical breakout patterns.
The crypto market has turned green after the Sunday correction.
The Stellar market has grown by at least 478.057% since November 5. The sharp surge in the price of XLM has grabbed the attention of the crypto community.
VeChain (VET) has maintained strong gains across multiple timeframes despite recent daily correction, with technical analysts projecting a potential 30% price increase to $0.056 by early 2025.
XRP Price has climbed above the $1 threshold, marking a notable achievement in November's crypto market resurgence. This surge comes as Ripple benefits from a broader rally, positioning the token as a significant force within the recovering cryptocurrency landscape.
"Ripple provided the blueprint to defeat Gary Gensler's inexplicable war on crypto," Alderoty stated.
DOGE, XRP and XLM are the most traded cryptocurrencies on Upbit since Donald Trump's election victory. The latest activity points to a pivot toward metaverse tokens.
Bitcoin (BTC) experienced a sharp price decline, falling from last week's high of $98,500 to a low of $95,500 during late US trading hours on Sunday. The 3.5% drop marked a technical pullback driven by profit-taking as the token approached the significant $100,000 milestone.
XLM could be about to achieve a new high after switching up on the bears, in an effort that has seen perhaps the sharpest rally in the last three weeks.
Over the past week, Stellar native cryptocurrency, XLM, has experienced a solid 180% increase, causing a stir in the cryptocurrency market. As the token approaches its all-time peak, investors and analysts are abuzz with excitement.