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ATOM was the lone gainer in the index, rising 0.7%.

Bitwise's XRP ETF filing could significantly impact investor access to regulated crypto assets, pending SEC's stance on Ripple's legal status. The post Bitwise files S-1 form for XRP ETF appeared first on Crypto Briefing.

Bitwise has filed its registration statement with the SEC for an exchange-traded fund that would give investors exposure to the token XRP.

Bitwise is the first firm to officially seek approval for a spot ETF that would track the daily price of XRP, the seventh-largest cryptocurrency with a market cap of over $30 billion.

Subject to approval from the SEC, the potential Bitwise XRP ETF is designed to provide exposure to the value of XRP held directly by the trust.

Bitwise officially filed a registration statement with the Securities and Exchange Commission for a spot XRP ETF.

The XRP price has dropped by 4.5% in the past 24 hours, with its fall to $0.6003 coming as the crypto market loses 5% today.

Bitwise XRP ETF filing as raised hopes of potential approval after US elections amongst market pundits.

Bitwise Asset Management has registered a trust entity in Delaware, potentially signaling plans to file for a spot XRP ETF despite existing regulatory hurdles with the SEC.

The SEC has until October 7, 2024 to put forward an appeal.

Ripple has recently minted an additional 1.35 million RLUSD on the XRP Ledger, part of a broader strategy to ensure the stablecoin's performance and reliability upon launch. This development comes as Ripple prepares for a critical phase of regulatory assessments and market integration.

XRP's recent dip comes amid increasing uncertainty in the market, primarily due to two significant factors. First, the scheduled release of 1 billion XRP tokens by Ripple on October 1 has exerted slight downward pressure on the token's price.

Ripple's price is down over 7% on the weekly following the recent crash. What's next?

Ripple's in-principle approval from Dubai's regulators marks a pivotal step in revolutionizing cross-border digital payments across the UAE.

September 2024 was a crucial month for the XRP and Ripple community as it was a packed-up month with important updates and milestones. Dan Fisher, the community relations Manager at Ripple shared a quick recap of the month's events. Ripple and XRPL Advancements Ripple announced the exploration of programmability for the XRP Ledger (XRPL).

How will the upcoming U.S. presidential election affect cryptocurrency ETF approvals? Let's find out.

Bitcoin (BTC) fell as low as $60,300 earlier today due to escalating tensions in the Middle East that have spooked the crypto and traditional markets. The world's largest cryptocurrency is down almost 4% in the past 24 hours following Iran's attack on Israel.

Bitwise has filed for an XRP ETF with Delaware following Bitcoin and Ethereum ETF approvals, despite past SEC-Ripple legal conflicts.

Ripple price could skyrocket XRP ETF optimism was revived by Bitwise Asset Management's filing in Delaware. If approved, this will be the first XRP ETF for the United States market.

The approval from the DFSA marks a crucial step forward for Ripple as it aims to expand its operations in a rapidly growing market. The UAE has embraced new technologies and established a regulatory environment that supports blockchain and cryptocurrency companies.

The U.S. Securities and Exchange Commission (SEC) faces an Oct. 7 deadline to decide whether to appeal the Ripple court ruling, which declared that secondary XRP sales were not securities.

After unlocking another 1 billion XRP from the initial distribution escrows on October 1, Ripple prepares for another monthly sell-off. For this month, traders and investors can initially expect a 200 million XRP sale with a potential negative price impact.

Ripple Labs has continued intensifying its RLUSD stablecoin testing efforts with daily minting sessions. While the exact motive behind its beta testing remains unknown, data from the Ripple Stablecoin Tracker shows that 2,450,000 RLUSD has been minted thus far in October.

Investment banking firm Houlihan Lokey has identified payments technology firm and XRP issuer Ripple as one of the potential challengers to the global banking messaging network Swift. In a market update report from April 2024, the firm mentioned Ripple and some fintech firms as competition to Swift in the cross-border payments category.