Ripple's XRP has been one of the top performers during the ongoing bullish rally across the cryptocurrency market. In the last 30 days, XRP has gained by 184%, with its market capitalization increasing threefold from $29 billion to $83 billion.
WisdomTree, a prominent New York-based asset management firm overseeing $113 billion in assets, has filed for an XRP exchange-traded fund (ETF) with Delaware authorities.
XRP price has captured significant attention this month, rallying beyond $1.4 and securing impressive market momentum. The cryptocurrency's value has surged over 177%, driven by broader market gains and renewed investor interest.
XRP has experienced significant growth, climbing above the $1 mark in November, thanks to a broader market rally. This surge has ignite hope among investors, positioning Ripple's token as a strong player in the recovering cryptocurrency landscape.
Archax has provided access to Abrdn's U.S. dollar Liquidity Fund (Lux) in tokenized form on XRPL. Ripple will allocate $5 million into tokens on Abrdn's Lux fund, part of a larger allocation to real-world assets (RWAs) on the XRPL.
The price of XRP, the digital token native to Ripple's blockchain network, has been on an upward trajectory in 2024. After a notable 25% surge this week, XRP hit a new yearly high of $1.45, ignite optimism among investors and cryptocurrency enthusiasts.
Ripple CEO Brad Garlinghouse recently announced an upcoming interview with "60 Minutes."
WisdomTree has filed for an XRP ETF, a key move in the evolving US cryptocurrency regulations.
Eleanor Terrett, a business journalist for Fox News, was the first to air the development. The tight bands around crypto ETFs have relaxed, after Donald Trump's US presidential win.
XRP price is consolidating gains near the $1.450 zone. The price must clear the $1.50 resistance zone to start a fresh increase in the near term.
Ripple's XRP is currently trading in green and is up by more than three percent at the time of writing. The price is currently testing levels below $1.50 and is experiencing a slight correction today, but nothing major.
Global asset manager Wisdomtree has filed for an XRP ETF in Delaware, marking a potential breakthrough amid regulatory shifts. Regulatory Shifts Loom as XRP ETF Eyes Breakthrough Moment Global investment management firm Wisdomtree, renowned for its extensive range of exchange-traded funds (ETFs), has filed with the state of Delaware to establish an XRP ETF.
Growing XRP-spot ETF applications highlight investor optimism despite SEC silence on plans to appeal rulings in the Ripple case.
A crypto strategist is warning that two large-cap altcoins may witness deep corrective moves after massive rallies this month. Crypto trader Credible tells his 473,800 followers on the social media platform X that payments-focused altcoin XRP looks primed for a pullback after completing a five-wave rally on the four-hour chart.
Ripple's native token, XRP, has been one of the most talked-about cryptocurrencies recently due to its impressive price rally. However, the momentum may be facing some challenges, as a significant whale transaction on November 24, 2024, raises questions about the future of the asset's price.
Ripple advances tokenized finance with the first money market fund on XRP Ledger, redefining efficiency in real-world asset tokenization and institutional Defi.
Ripple CEO Brad Garlinghouse has become a key figure in discussions around the rumored “Crypto Czar” position in Donald Trump's White House. Speculation about Garlinghouse's potential role in shaping U.S. crypto policy gained momentum following comments from former Ripple executive Sean McBride.
A strong and decisive move above $1.5 could set XRP to hit the immediate target of $2.
To kick things off, Ripple's XRP Ledge will tokenize asset manager asset manager abrdn's $4.77 billion US dollar Liquidity Fund.
Ripple Labs has introduced the first tokenized money market fund on the XRP Ledger (XRPL). The initiative, in partnership with Archax and UK-based asset manager abrdn, signifies a notable advancement in the tokenization of real-world assets (RWA) and the expansion of institutional decentralized finance (DeFi) for the XRP ledger ecosystem.
The recent spike in trading activity on Korean exchanges has brought the country and its retail investors to the fore of the crypto industry. Korean Investors Love to Play Big The South Korean cryptocurrency market is once again at the center of global attention with a recent surge in trading activity.
Ripple (XRP) price has surged 182.80% in the last 30 days and 30.26% in the past week. While its EMA lines remain bullish, with short-term lines above long-term ones, indicators like RSI and CMF suggest the uptrend could be losing steam.
Asset manager WisdomTree has filed for an XRP exchange-traded fund (ETF) in Delaware, the first step in the U.S. regulatory process.
WisdomTree has filed to create an XRP exchange-traded product in Delaware, marking its entry into the XRP ETF race and signaling potential regulatory progress for cryptocurrency investments amid ongoing legal challenges faced by Ripple Labs. The post Global ETF Provider WisdomTree Files for XRP ETF in Delaware appeared first on Cryptonews.
Bloombergs James Seyffart has shared insights on the challenges facing XRP and SOL ETFs, predicting potential approval by 2025. Regulatory hurdles like compliance and market manipulation remain, but changes in SEC leadership could reshape the landscape.
Armando Pantoja, an experienced angel investor who has been active in the cryptocurrency space since 2011, has recently challenged the skepticism surrounding XRP's potential to hit $100. His comments come as XRP continues to perform exceptionally well in the ongoing bull market, with some calling for bold price targets while others urge caution.
The XRP ETF file has stirred optimism in the crypto sector, with analysts tying the move to the potential policy shifts expected under President-elect Donald Trumps administration. XRP ETF Filing Marks a Critical Turning Point On November 25, the New York-based asset manager WisdomTree Funds signaled its intention to file with the US Securities and Exchange Commission by registering in Delaware for an XRP (XRP) exchange-traded fund (ETF), Cointelegraph reports.
Bloomberg Analyst James Seyffart has outlined potential timelines for the approval of Solana (SOL), XRP, Litecoin (LTC), and Hedera (HBAR) exchange-traded funds (ETFs). As regulatory discussions gain traction in the United States, Seyffart predicts that decisions on these altcoin ETFs may extend into late 2025, depending on various factors.
Asset manager WisdomTree has joined the XRP ETF race with its own filing.
Moving beyond Bitcoin, asset managers are now eyeing towards XRP as the next big player in the ETF space. In a latest develoment, the Global ETF provider WisdomTree has filed to launch an XRP ETF in the U.S. notably, this is the third filing to establish a spot XRP ETF in the country.
Prominent asset manager and exchange-traded fund issuer Wisdom Tree is reportedly filing for an XRP ETF product. According to Eleanor Terret of Fox News, $100 billion asset manager Wisdom Tree has registered for an XRP ETF in the state of Delaware.
Here are some of the latest XRP price predictions.
WisdomTree, the New York-based asset manager handling over $113 billion in assets, has filed an application to establish an XRP exchange-traded fund (ETF) in Delaware, United States. The proposed fund, named the WisdomTree XRP Fund, claims to give investors regulated exposure to XRP, the sixth-largest crypto by market capitalization.
Asset manager WisdomTree has filed for a trust entity in Delaware, a preliminary step toward launching an exchange-traded fund (ETF) focused on XRP. If approved, the ETF would track XRP's price, expanding institutional investors' access to digital assets.
Bitcoin's failure to cross above $100,000 could extend the current price pullback. The real question is whether or not bulls will buy the dip.
TL;DR WisdomTree, with $113 billion in assets under management, is moving forward with the launch of an XRP-based ETF. The firm has filed with Delaware regulatory authorities to create a trust that will serve as the foundation for the ETF, which aims to track the price of XRP.
WisdomTree, a global asset manager overseeing around $113 billion in assets, has initiated the process for launching an XRP ETF.
Archax will provide access to a money market fund from UK asset manager abrdn in tokenized form on the XRP Ledger.
New York-based asset management firm WisdomTree has officially filed for registration to launch an XRP ETF (Exchange-Traded Fund) in Delaware.
Asset manager WisdomTree overseeing $113 billion in assets, has filed to establish a trust entity in Delaware as a preliminary step toward launching an XRP (CRYPTO: XRP) exchange-traded fund (ETF). What Happened: If successful, the ETF would track the price of XRP, the sixth-largest cryptocurrency by market capitalization, and join a growing list of applications for crypto ETFs, which are reshaping institutional access to digital assets.
Appearing to follow in the footsteps of Bitwise and Canary Capital, WisdomTree filed to register and XRP ETF entity.
TL;DR Ripple launches the first tokenized fund on the XRP Ledger (XRPL), based on abrdn's US Dollar Liquidity Fund, managing $3.8 billion. The collaboration with Archax and abrdn marks a significant step in real-world asset (RWA) tokenization and the adoption of blockchain in institutional finance.
XRP whale activity is signaling possible sustainable bullish momentum for the asset, which has broken out after prolonged price consolidation.
On Monday, it was announced that asset manager WisdomTree has entered the race for a spot XRP ETF. The move comes at a pivotal time, marked by expected leadership changes at the US Securities and Exchange Commission (SEC) and the recent election of Donald Trump.
The XRP price has witnessed significant gains today, providing a bullish outlook for the crypto even as the broader crypto market witnesses a retracement led by Bitcoin. With XRP looking so bullish, crypto analyst Dark Defender has predicted that the crypto could reach $5 by December.
WisdomTree's move into XRP ETFs signals growing diversification in crypto investment products, potentially broadening market participation. The post WisdomTree files for XRP ETF via Delaware trust appeared first on Crypto Briefing.
New York-headquartered asset management firm, WisdomTree has filed a registration statement for XRP ETF in Delaware. With this preliminary move, the firm is likely days away from officially filing for the product with the US Securities and Exchange Commission (SEC).