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Bitwise confirmed that its application of XRP ETF is legitimate thereby driving excitement in the market/ However, the XRP price moved down amid the broader market correction following Israel-Iran war-like situation.
Bitwise Investments has taken its first steps toward a potential XRP exchange-traded fund (ETF), with a filing on 30 September 2024 in Delaware. Listed under the State of Delaware's Division of Corporations, the filing was confirmed by a Bitwise spokesperson to Cointelegraph.
XRP, the seventh-biggest cryptocurrency by market capitalization, has so far failed to experience a price rally despite the recent ETF buzz. The token is down more than 4% over the past 24 hours, failing to buck the broader bullish trend.
The price of the crypto does not reflect a particular enthusiasm of the investors.
Bitwise has confirmed plans to launch an XRP exchange-traded fund (ETF), confirming the authenticity of an application with the state of Delaware.
Bitwise has taken a major step toward launching an XRP exchange-traded fund (ETF) after filing an application in Delaware.
The Dubai Financial Services Authority (DFSA) granted Ripple an in-principle approval to expand its services from the Dubai International Financial Centre (DIFC), effectively unlocking the firm's end-to-end payment services in the UAE.
It appears that XRP whales are on a buying spree and possibly taking advantage of the recent market fall. On October 1, 2024, a prominent crypto expert made a post on X (Previously Twitter) that several XRP whales have begun accumulating tokens on a large scale.
Ripple's XRP token amassed close to $1 billion in open interest over the weekend, while its price hovers around $0.61 at press time, data from CoinGlass shows. What's Different About XRP Price Action?
Asset manager Bitwise submitted a filing for an XRP exchange-traded fund (ETF) to Delaware's Division of Corporations on Sept. 30. This filing includes the registration for establishing a Delaware statutory trust, which is a business-oriented trust legally recognized in the state.
A new filing for a Bitwise XRP exchange-traded fund (ETF) has surfaced on the Delaware Division of Corporations.
Bitwise has applied for an XRP ETF in the state of Delaware. An anonymous spokesperson has apparently confirmed that the application is genuine.
XRP price extended losses and tested the $0.5785 support level. The price is now attempting a fresh increase and facing hurdles near $0.620.
As the SEC case unfolds and the market anticipates Gary Gensler's next move, many are asking just how high XRP could go by 2025. According to analyst Cheeky Crypto, a key factor in XRP's price performance is market liquidity. Since 2022, XRP has shown a highly liquid market characterized by relatively stable price action.
"Keep an eye out for the latest updates, and stay vigilant against scams," Ripple's team advised.
Bitwise spot XRP ETF has been proposed with Delaware's Division of Corporations, despite no U.S. approval for XRP ETFs yet.
In a groundbreaking move, cryptocurrency index fund manager Bitwise Asset Management filed for an XRP (CRYPTO: XRP) exchange-traded fund (ETF), a first for the U.S. market. What Happened: Bitwise submitted the ETF filing on Monday to Delaware's Department of State's Division of Corporations.
XRP price has once again rallied past the $0.62 mark today, after witnessing a decline to below the $0.59 level recently. Notably, the surge in the price came in as Bitwise filed for a Spot XRP ETF, which has sparked widespread discussions in the market.
SEC's potential appeal could significantly delay regulatory clarity for XRP and impact the broader crypto ETF landscape. The post Bitwise's XRP ETF bid likely to fail if SEC appeals Ripple case on Oct. 7 : Galaxy Digital Head of Research appeared first on Crypto Briefing.
Bitwise files for XRP-spot ETF, fueling optimism, but SEC appeal uncertainty looms over market impact.
Bloomberg analyst Eric Balchunas has hinted that a potential Donald Trump victory in the upcoming U.S. presidential election could influence the fate of XRP and Solana ETFs. This comment follows Bitwise's recent steps toward creating an XRP ETF by registering a trust entity in Delaware.
XRP market sentiment demonstrates bullish optimism but market data signals a decline in both bullish and bearish volumes.
Asset management firm Bitwise has filed for a spot XRP exchange-traded fund (ETF) with the Delaware Division of Corporations. While this does not confirm an immediate filing with the U.S. Securities and Exchange Commission (SEC), it aligns with Ripple CEO Brad Garlinghouse's positive outlook on the future of XRP ETFs.
The price of the native token of the XRP Ledger, XRP, is up more than 11% over the past month after whales accumulated more than 470 million tokens in just 10 days in a buying spree that came shortly after Grayscale Investments announced the launch of its Grayscale XRP trust.
