Bitwise Takes a Step Toward XRP ETF
Crypto native asset manager Bitwise is moving toward creating an exchange-traded fund tracking XRP, the token closely associated with crypto company Ripple.
Keep up with what's happening in the crypto world in real-time.
Crypto native asset manager Bitwise is moving toward creating an exchange-traded fund tracking XRP, the token closely associated with crypto company Ripple.
As Ripple approaches a resolution in its ongoing legal dispute with the US Securities and Exchange Commission (SEC), crypto asset manager Bitwise Invest has taken a significant step by filing the first application for an spot XRP ETF in Delaware.
Asset manager Bitwise filed for an XRP exchange-traded fund (ETF) on Sept. 30 with Delaware's Division of Corporations.
XRP whale movements and market activity suggest an imminent breakout, with bullish sentiment prevailing.
XRP is back in the limelight once again, catching a rising tide of bullish vibes in the cryptocurrency marketplace. The token went steadily up last week but managed to make an even bigger leap over the weekend.
Crypto index fund manager Bitwise has filed for a spot exchange-traded fund that would give investors exposure to the token XRP.
Bitwise aims to launch an XRP ETF, confirming to Decrypt that the filing with the state of Delaware is legitimate.
The price of XRP fell by 5% today following Ripple's release of 1 billion XRP coins from its escrow wallet. The significant unlocking of these coins has raised concerns among investors, particularly in light of XRP's recent price movements and overall market conditions.
Asset manager Bitwise has reportedly filed a spot exchange-traded fund for Ripple (XRP), the seventh-largest crypto by market cap. Bitwise's XRP ETF application was filed on Sept.
Wealth manager Bitwise has registered a Delaware Trust for a fund that would track Ripple's native cryptocurrency, XRP.
The crypto-focused asset manager filed the exchange-traded fund application in the state of Delaware.
The crypto-focused asset manager confirmed filing the XRP exchange-traded fund trust registration with the state of Delaware.
Bitwise's XRP ETF filing could signal further integration of digital assets into traditional finance, despite potential regulatory hurdles. The post BREAKING: Bitwise files for XRP ETF via Delaware trust appeared first on Crypto Briefing.
Bitwise, the leading crypto index fund manager, has filed for an XRP exchange-traded fund in the state of Delaware, according to Fox Business reporter Eleanor Terrett.
A well-known crypto analyst has doubled down on their ultra-bullish forecast for Ripple's cross-border payments token, XRP. Javon Marks has once again predicted that XRP's price will skyrocket to the coveted $200 zone, representing an over 3,000% growth from its current price point.
Ripple Labs, the San Francisco-based payment technology company, has unlocked 1 billion XRP tokens from its escrow. Valued at approximately $621.78 million, this action has been executed in three separate transactions, raising questions about its implications for the broader market and the future of XRP.
XRP tests a crucial supply level after days of choppy price action, showing signs of strength as it prepares for a potential breakout. The price has surged approximately 13% since Friday, putting it within striking distance of the key psychological level at $0.65.
As Ripple braces for a crucial SEC decision, will XRP price manage to maintain its $0.60 support level, or are further drops on the horizon?
Ripple's recent regulatory approval in Dubai brings the company closer to establishing its presence in the Middle East's growing crypto market.
With recent moves, XRP price is again on investors' radar, and many are drawing parallels with the virtual monster rally of 2017-2018 when the value of XRP surged as high as 57,000%. Could we be at the threshold of another great upsurge?
The Dubai Financial Services Authority (DFSA) has granted in-principle approval to Ripple (CRYPTO: XRP) to offer blockchain-enabled payment services from the Dubai International Financial Centre (DIFC). What Happened: This regulatory decision allows Ripple to introduce its cross-border payment services, including Ripple Payments Direct (RPD), to customers in the United Arab Emirates (UAE).
After experiencing sluggish growth for a couple of years due to Ripple's legal battle with the United States Securities and Exchange Commission (SEC), XRP has found its right footing thanks to a soaring trading volume.
Ripple CEO Brad Garlinghouse recently commented on the company's latest regulatory milestone in the Middle East.
The U.S. Securities and Exchange Commission (SEC) has only a few days left to appeal the recent ruling in the Ripple case, with the deadline set for October 7th. A previous court decision declared that secondary sales of XRP were not considered securities, a significant win for Ripple.
