Grayscale Files for Spot XRP ETF Listing on NYSE
Grayscale files to convert its XRP Trust into a spot ETF with NYSE. The Trust manages $16.1 million in XRP assets, tracking XRP's market price.
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Grayscale files to convert its XRP Trust into a spot ETF with NYSE. The Trust manages $16.1 million in XRP assets, tracking XRP's market price.
The XRP Ledger has activated the AMMClawback amendment. What this amendment does is that it allows issuers to recover tokens even after they are sent. Importantly, this update enables the stablecoin of Ripple, RLUSD, to be used in AMM pools. Here is how this change impacts the XRP ecosystem.
Grayscale's recent XRP ETF filing with the NYSE has triggered a wave of speculation in the crypto community. With multiple asset managers entering the ETF race for Ripple's native crypto, many are now eyeing BlackRock as the next potential player to follow suit.
Polymarket users predict an 82% chance that an XRP ETF will be approved in 2025. The chance had peaked at 89% when US President Trump entered the White House on January 20.
XRP has remained in a consolidation phase for the past two weeks, preventing it from establishing a new all-time high (ATH).
XRP maintains position above $3.050 while forming a bullish flag pattern, with technical indicators suggesting potential for upward movement pending breakthrough of $3.150 resistance.
In a recently published tweet, David Schwartz, the chief technology officer (CTO) at Ripple has highlighted the release of the AMMClawback Amendment on the XRPL mainnet. Retweeting a post by XRPscan about this launch, Schwartz commented: “Woohoo!
Grayscale Investments has filed to convert its $16 million XRP Trust into an NYSE-listed ETF, joining five other firms awaiting approval amid rising trading volumes and potential government interest in the digital asset.
The crypto market slipped back into the red, with most cryptocurrencies trading lower. Bitcoin (BTC) is down nearly 1% over the past 24 hours, trading around $104,360.
Anthony Georgiades, founder and general partner at Innovating Capital, discussed concerns surrounding Ripple and its native token, XRP, particularly regarding the centralized aspects of the XRP Ledger. In an interview with Yahoo Finance, he explained that XRP operates on a decentralized ledger, but in practice, Ripple Labs holds major control over it.
XRP price remains volatile, holding above $3 as the crypto market trades sideways. As Ripple (XRP) consolidates, analysts note similarities between the current price action and the 2017 rally.
XRPL activates AMMClawback, allowing token issuers to reclaim assets in cases of fraud, misuse, or legal enforcement.
Grayscale Investments has submitted a proposal to the SEC to convert its XRP Trust into an ETF.
XRP has been on a strong run, breaking past key price levels and catching the attention of investors. But can it push even higher and hit $5.
XRP is exhibiting signs of weakness, and it appears more likely that it will fall below $3.00. After weeks of consolidation, the asset is finding it difficult to maintain its position, and the current price action indicates that sellers may soon seize control.
This week, we examine Ethereum, Ripple, Cardano, Binance Coin, and Solana in greater detail. Ethereum (ETH) Ethereum could not hold above $3,300, and its price fell by 4% this week.
XRP saw a 50% surge in January, outpacing Bitcoin's 13% gain and Ethereum's 4% drop.
XRP's price has remained unfazed by the developments.
The AMMClawback amendment has officially gone live on the XRP Ledger, according to XRPScan.
The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has fueled widespread speculation about a potential settlement. Recent developments suggest that the resolution of this case could be closer than expected, with some pointing to key signs indicating a possible outcome.
Earlier in January, Ripple Labs president Monica Long remarked an XRP ETF could “soon be a reality” under the new Trump administration.
XRP Ledger has successfully launched the AMMClawback amendment, introducing new policies governing its Automated Market Maker pools. The upgrade went live yesterday after attaining 91.43% validator consensus. The modifications will allow the creation of AMM pools for stablecoin RLSUD.
XRP is showing a promising structure in the short term, with the price responding well to key support levels. After a period of consolidation, the chart hints at a solid bullish setup that has been building in recent days and weeks.
XRP price started a consolidation phase from the $3.20 resistance zone. The price is now consolidating gains and might aim for more gains above the $3.20 zone.
