San Francisco-based enterprise blockchain company Ripple has released its latest quarterly report, in which it highlighted XRP's massive price rally that took place recently.

Purpose Investments, a Canadian asset manager, has officially filed a preliminary prospectus today to launch the world's first spot XRP exchange-traded fund (ETF) on the Toronto Stock Exchange. This is a race against the US, where multiple companies have already filed but are yet to get approved.

Renowned technical analyst Peter Brandt stirred up the XRP community on January 30 by posting a daily price chart (XRP/USDT) suggesting a “bull flag” continuation pattern. Brandt, whose reputation in charting spans decades, highlighted $4.39541 as the upper price objective based on the current market structure.

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Purpose Investments, the firm behind the world's first spot Bitcoin ETF, is broadening its digital asset offerings with a proposed spot XRP ETF, targeting pending regulatory approval.

Bitcoin bulls are chasing after new highs but investor actions in equities markets and sellers at the top of BTC's range are keeping a cap on price discovery.

The XRP Ledger (XRPL) has implemented the AMMClawback amendment, introducing a new layer of regulatory compliance and asset control within its Automated Market Maker (AMM) system. On Jan. 30, XRPscan, a blockchain explorer for XRPL, confirmed that the amendment is now live after a 14-day activation period.

In a latest update, Purpose Investments Inc., known for launching the world's first Bitcoin and Ether ETFs, has filed a preliminary prospectus with Canadian securities regulators for the proposed launch of Purpose Ripple ETF. The fund manager with more than $23 billion in assets under management, is preparing to launch the first XRP ETF globally.

XRP is designed to help banks move money more quickly and cheaply than existing methods.

The number of XRP ETF products is growing with new filings from Purpose Investments in Canada.

TL;DR Ripple's new AMMClawback feature on the XRP Ledger allows token issuers to recover funds even after they have been sent. RLUSD can now be used in AMM pools on decentralized platforms, expanding its adoption and increasing its liquidity in the DeFi ecosystem.

Purpose Investments, an asset management firm with over $23 billion in assets, has filed a preliminary prospectus seeking regulatory approval for the launch of a spot XRP exchange-traded fund.

The Canadian asset manager Purpose Investments has submitted a proposal to launch an XRP exchange-traded fund (ETF). The company filed a preliminary prospectus with the Canadian watchdog to introduce the proposed spot ETF.

Ripple, the company behind digital currencies XRP and RLUSD, is urging financial regulators not to sacrifice the “global fungibility” of stablecoins over most consumer protection laws, as it will undermine the benefits of blockchain technology.

Purpose Investments, a veteran Canadian asset management firm with $23 billion in assets under management (AUM) becomes the latest participant in the XRP ETF race. By sending its preliminary filing to the local securities watchdog, the team demonstrates its ambitions to issue world's pioneering exchange-traded fund on spot XRP.

Purpose Investments filed a preliminary prospectus with Canadian regulators for the proposed launch of the Purpose Ripple (XRP) ETF.

The cryptocurrency market today has been showing strength as blue chip coins, namely Bitcoin, Ethereum, and XRP navigate through bullish zones. Talking about a quick January recap, while Bitcoin and XRP witnessed decent gains, Ethereum remained relatively stable, hinting at potential trend shifts in the coming weeks.

Ripple's RLUSD joins AMM pools, expanding liquidity and trading opportunities, marking a significant step for the crypto ecosystem.

Ripple versus the US Securities and Exchange Commission is one of the longest-running battles in the crypto space. The situation has brought a lot of uncertainty for XRP holders and investors.

Ripple's RLUSD stablecoin has surpassed a $100 million market cap in just over a month, with the company emphasizing its over-reserved status and plans for broader adoption.

Austin King, co-founder of Omni Network (OMNI), recently shared insights into XRP's strategic positioning and its ability to process over $434 billion in transactions daily, highlighting its early commitment to the ISO 20022 messaging standard. King believes this commitment was instrumental in Ripple's ability to align XRP with traditional financial systems, offering a competitive edge in the evolving financial landscape.

Veteran trader Peter Brandt has spotted a bullish pattern in XRP's price chart, and it could mean big gains ahead. With recent gains in the XRP price, the XRP community has been fueled with excitement. If the pattern plays out as predicted, XRP could skyrocket to as high as $4.8.

Grayscale Investments has filed an application with the New York Stock Exchange (NYSE) to convert its existing XRP Trust into a spot XRP exchange-traded fund (ETF).

Ethereum (ETH) is making its bid to break the shackles of the last six weeks of downtrend. Ripple (XRP) is in prime position to follow.

The potential launch of a spot XRP ETF could significantly enhance institutional access to digital assets, fostering broader market adoption. The post Purpose Investments seeks approval to launch world's first spot XRP ETF appeared first on Crypto Briefing.

Clawback refers to tokens that have a feature allowing the issuer to reclaim coins from user wallets under certain conditions.

Two cryptos could 10x your portfolio by May. XRP ETF speculation fuels Ripple's rise, while an AI blockchain platform disrupts the $347B trading market.

XRP Ledger AMMClawback upgrade allows AMMs to participate in liquidity pools, while maintaining regulatory compliance.

The crypto market is moving as speculators look for the next altcoin that can compete with Ripple (XRP) and Solana (SOL). One crypto that is gaining some major attention is the IntelMarkets (INTL). This is a presale star now in phase nine that has already surged 811%.

The AMMClawback amendment recently went live on the XRP Ledger, allowing the use of Ripple stablecoin RLUSD on the DEX.

Recently the news of ETFs is getting common with Dogecoin ETF, Solana ETF, and newly launched memecoin ETFs the market is getting pumped up with these latest ETF mania. Despite the Ripple vs SEC legal scoop, XRP's path to ETFs is gaining momentum as Polymarket bettors assign an 83% chance of approval by 2025.

Pro-XRP advocate John Deaton is calling for the indictment of Sam Bankman-Fried's parents following reports that they are lobbying for a pardon for their son from former President Donald Trump. Deaton insists that Joseph Bankman and Barbara Fried, the parents of the disgraced FTX co-founder, took customer funds swindled from the crypto exchange.

TL;DR Grayscale Investments has submitted a proposal to the U.S. SEC to convert its existing XRP Trust into an ETF, aiming to provide regulated exposure to XRP. The proposed Grayscale XRP ETF would simplify access to the cryptocurrency market, offering liquidity, transparency, and regulation.

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.