On Jan. 30, NYSE Arca, a New York Stock Exchange subsidiary, filed the paperwork to transform Grayscale's $16.1 million XRP Trust into a spot exchange-traded fund (ETF). According to the filing, Coinbase Custody Trust Company, LLC will act as the official custodian, while BNY Mellon Asset Servicing takes charge of administration and transfer duties.

Amid the recent price decline, XRP, the native token of Ripple Labs, has formed a bullish price action pattern and is poised for a double-digit price rally. Today, January 31, 2025, the overall cryptocurrency market seems to be recovering, including Bitcoin (BTC) and Ethereum (ETH), but XRP appears to be struggling.

Grayscale filed a 19b-4 application to create an XRP ETF. The firm has been petitioning the SEC for several new ETF products in recent weeks, and it's far from alone in doing so.

Grayscale Investments has submitted a proposal to convert its XRP (CRYPTO: XRP) Trust into an exchange-traded fund at the New York Stock Exchange. The move comes as part of a broader effort by asset managers to introduce regulated investment vehicles for digital assets.

Cryptocurrency markets are rising on Thursday, fueled by positive developments in the broader market and a 25-basis point rate cut announced by the European Central Bank. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $105,646.53 +1.9% Ethereum (CRYPTO: ETH) $3,271.23 +4.4% Solana (CRYPTO: SOL) $240.29 +2.7% XRP (CRYPTO: XRP) $3.13 +1.3% Dogecoin (CRYPTO: DOGE) $0.3344 +1.2% Shiba Inu (CRYPTO: SHIB) $0.0000188 +1.8% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 27.9% and daily active addresses up by 1.3%.

Experts warn that a bitcoin-only reserve poses concentration risks and exposes the U.S. to potential volatility. Two experts urge the U.S. administration to diversify its crypto stockpile to build a resilient digital reserve and reduce systemic risks. Ripple vs. Bitcoin Maximalists The establishment of a bitcoin-only reserve poses concentration risks and exposes the U.S.

A subsidiary of the New York Stock Exchange made its move on Thursday to convert Grayscale's XRP Trust to a spot exchange-traded fund.

Crypto asset manager Grayscale Investments has filed for Spot $XRP ETF with the New York Stock Exchange (NYSE) in a move that could drive cryptocurrency adoption. Responding to a post on the X platform, some enthusiasts described the development as great news in the cryptocurrency ecosystem as a Spot ETF could provide easier access.

With former SEC Chair Gary Gensler's exit on Monday, a wave of optimism has swept through the XRP community.

The two prominent tokens have captured significant attention: Ripple (XRP) and Dogecoin (DOGE). Regional investor groups gravitate towards the distinct digital currency protocols that XRP and DOGE present to the market.

The stablecoin Ripple USD (RLUSD) surpassed $3.02 trillion in total trading activity just over a month after its debut on centralized exchanges, according to a CCData report. In January alone, RLUSD recorded $2.84 trillion in trading volume as of Jan. 23, establishing itself as the fourth-largest stablecoin by trading volume.

Grayscale Investments has filed with the New York Stock Exchange to offer a spot XRP exchange-traded fund. This filing aims to convert Grayscale's existing XRP Trust into an ETF, allowing shares to be listed and traded on the NYSE.

In a recent development, Asset Manager Grayscale has filed a 19b-4 form through the NYSE to launch an XRP ETF. “Grayscale Investments has filed with the New York Stock Exchange (NYSE) to offer a spot XRP exchange-traded fund (ETF).

Grayscale has filed with the SEC to list an XRP ETF on the NYSE Arca, following last weeks Solana and Litecoin ETF filings. The post Grayscale files for XRP ETF with NYSE as institutional demand rises appeared first on Crypto Briefing.

Ripple (XRP) eyes $4 next while Shiba Inu (SHIB) gathers steam for its next big move; DTX Exchange (DTX) is on track for a 100x upswing after Tier-1 exchange listings.

Asset manager Grayscale has filed with the New York Stock Exchange (NYSE) to offer a Spot XRP ETF. This comes just days after the asset manager filed for a Litecoin and Solana ETF.

Jack McDonald, SVP of stablecoins at Ripple, has announced that the market cap of Ripple USD (RLUSD) has surpassed $100 million.

The crypto world keeps changing, with new projects trying to become the next big hit. Ripple (XRP) shows what's possible in crypto,

Ripple Labs, the developers of the XRP token and XRP Ledger (XRPL), is set to unlock 1 billion XRP tokens on February 1, 2025. The unlock event will release approximately $3.10 billion worth of cryptocurrency into the market.

XRP decoupled from the crypto market after positive regulatory developments for Ripple Labs reinforced investors' bullish conviction in the altcoin.

The cryptocurrency market is constantly evolving, with new projects gaining traction while others face challenges. Recently, Dogecoin (DOGE) and XRP, two of the most well-known cryptocurrencies, have struggled to maintain their momentum.

The XRP Ledger (XRPL) is set to undergo a major amendment as part of its move to enhance the layer-1 network. Per the details shared by XRPScan, the AMMClawback amendment will enable token issuers to retrieve assets in defined circumstances.

Brady Swenson, co-founder of the Bitcoin-focused financial services platform Swan, unleashed a series of accusations against Ripple CEO Brad Garlinghouse on January 29 via X.

Some of the most optimistic targets are up to $14 per coin.

When it comes to the rivalry between XLM and XRP, things are getting interesting. After a rough few months, Stellar's XLM token may finally have reached a key low against its long-time competitor, XRP.

Skilled commodities trader Peter L. Brandt, who has been in the trading business since the 1970s, has addressed the XRP community to announce some good news to them and make a bullish XRP price prediction.

Experts, including Ripple CTO David Schwartz, argue that while Bitcoin and XRP are not currently quantum-proof, the urgency around quantum computing threats is overstated.

Ripple, the company behind XRPL and the XRP token development, will unlock 1 billion XRP on February 1, Saturday. At current prices, this unlock is worth $3.10 billion, of which Ripple could sell a fraction throughout the month.

With payments dropping from 1 billion to just 100 million, XRP has experienced a sharp decline in on-chain volume. The asset's liquidity and the general health of the market are called into question by this sharp decline.

Ripple price had a strong performance in January, outperforming popular cryptocurrencies like Bitcoin and Ethereum. Ripple (XRP) rose by over 50%, while Bitcoin (BTC) jumped by 12%, and Ethereum (ETH) fell by 6%.

On-chain investigator ZachXBT reported that Ripple was compromised for approximately 213 million XRP, valued at around $112.5M. In a recent post on X, ZachXBT flagged suspicious Ripple (XRP) transfers worth around $112.

The crypto world is buzzing with excitement! Ripple (XRP) and Solana (SOL) are showing strong bullish momentum, with experts predicting new highs this month.

As much as Donald Trump's re-election triggered a massive rally across multiple assets, XRP significantly benefited from the confirmation that the now-former Securities and Exchange Commission (SEC) Chair Gary Gensler would resign on January 20.

As XRP Whales are seen betting big on DTX Exchange's viral ICO which is nearing its launch, it sees over $3.3 million capital inflow in only 3 days. Let's find out why!

As January ends and February looms on the horizon, the cryptocurrency market is buzzing with anticipation for what many analysts predict could be the start of an altseason in Q1 of 2025, following the Bitcoin halving year's historical trend. This period is often marked by significant price movements in altcoins, with several already showing promising

Ripple's XRP has outperformed most top cryptocurrencies this month. In the last 30 days, XRP has rallied by 52%, pushing the altcoin's market capitalization to $178 billion.

As XRP eyes a potential surge to $4, this new AI-driven altcoin, has garnered $1.2 million from Solana whales, positioning itself as a top investment opportunity.

The XRP Ledger (XRPL) is poised for a major upgrade with the launch of an AMM feature for RLUSD, while XRP continues to trade steadily at $3.10.

Ripple is on its way to new all-time highs, and the XRP price might break resistance soon. It faces stiff competition from the new altcoin DTX, which might rally to $10.

Ripple's XRP has recently shifted into a more favorable zone, pushing above the $3 support area and setting its sights on breaking the $3.20 resistance. As long as XRP maintains its position above the $3 mark, the current bullish outlook remains valid.

Debates on Ripple vs SEC lawsuit pick up as the XRP community hopes the Trump administration to resolve it by April or May. Moreover, the rumors of XRP lawsuit removal from the US SEC's website sparked significant market buzz.

The rapid expansion of the XRP Ledger's DEX was one of the key reasons that made 2024 “one of the most monumental years for Ripple.”

Some debates never seem to settle. The missing XRP ledgers?

XRP price has been on the investors' radar, with top experts predicting a potential rally to $5 ahead. This bold prediction has fueled market optimism, especially as the crypto hovered between the $3 and $3.10 mark recently.

XRP maintains a strong bullish market structure above $3, with technical indicators and price action suggesting continued upward potential while key support levels remain intact.

XRP price holds steady at $3.10 as the Ripple vs. SEC lawsuit takes a new twist.

XRP price hike and robust market volume in 2017 became the most defining event in the cryptocurrency market. More emerging low-cap coins are becoming popular for their market stability and volume. However, investors continuously seek opportunities to invest in emerging projects with untapped potential for growth and scalability.