Latest news with #XRPETF
Globe and Mail
12 hours ago
- Business
- Globe and Mail
Evolve XRP ETF Expected to Begin Trading on June 18, 2025
TORONTO, /CNW/ - Evolve Funds Group Inc. (" Evolve" or the " Manager") is pleased to announce that it has filed a final prospectus with plans to bring Evolve XRP ETF (" XRP" or the " Evolve Fund") to Canadian investors. XRP's investment objective is to hold substantially all of its assets in physical XRP in order to provide a secure and convenient way for investors to hold the cryptocurrency in a brokerage account. XRP is expected to begin trading on the Toronto Stock Exchange (" TSX") on June 18, 2025 under the ticker symbols XRP (CAD Unhedged) and XRP.U (USD), subject to TSX approval.
Yahoo
29-05-2025
- Business
- Yahoo
Ripple Price Holds Amid ETF Review And Saudi-Backed Treasury Initiative
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Ripple Labs (CRYPTO: XRP) is holding near $2.30, finding support at $2.28 and stalling below $2.35. The token remains in consolidation after a breakout from a long-term descending triangle. The price action is driven by regulatory catalysts like the SEC's review of XRP ETF, amid institutional speculation leading to creation of $121 million XRP based treasury. The U.S. SEC has officially opened a review of the proposed spot XRP ETF by WisdomTree. The filing kicks off a 240-day evaluation period and invites public comment on investor protection, marking the furthest any spot XRP ETF has progressed. While a final decision is still months away, the review is being read as a signal that institutional interest is reaching critical mass. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. New to trading crypto? on Coinbase. Stuart Alderoty, Chief Legal Officer of Ripple, submitted a letter to the US SEC arguing that XRP should not be classified as a security. He proposed a 'maturity' test to determine when digital tokens should exit securities law, citing decentralization, utility, and lack of issuer control. Ripple called for a safe harbor to shield developers in the early stages of token development. The SEC's engagement is widely seen as a milestone toward XRP's inclusion in regulated financial products. VivoPower International PLC (NASDAQ:VVPR) announced a $121 million private share placement to support an XRP-focused treasury strategy. The round, led by Saudi Prince Abdulaziz bin Turki, added former SBI Ripple Asia executive, Adam Traidman, as an advisor. VivoPower shares surged over 25% following the announcement. Other corporations are quietly exploring XRP allocations. While most remain undisclosed, more than $120 million has reportedly been raised this month to fund enterprise-level XRP integrations in cross-border payments. Open interest in XRP derivatives has climbed to $4.87 billion in the past 24 hours, driven by the launch of CME Group Inc's (NASDAQ:CME) cash-settled XRP futures. The regulated CME CF XRP-Dollar Reference Rate has attracted directional traders and corporates' hedging exposure. XRP is trading above its 50-day moving average, with resistance in the $2.35–$2.40 range. A clean break could open a path to $3.40, while a drop below $2.30 would expose a downside toward $2.20. Volume has lightened, indicating many traders are staying on the sidelines while waiting for regulatory clarity. On-chain data shows mild whale accumulation over the past 48 hours, while smaller wallets have reduced exposure amid broader risk-off flows. The social sentiment is split: long-term holders are tracking ETF developments, while short-term traders lean into volatility. A flattening U.S. The Treasury yield curve and a stronger dollar have weighed on crypto markets, including XRP. If the ETF process gains traction, XRP could begin to decouple from broader trends and respond to its own adoption and regulatory signals. While the SEC's decision may not arrive until early 2026, sentiment could shift faster. Strong institutional feedback during the public comment period may accelerate progress, and weak or negative responses could delay it. More Opportunities: Grow your IRA or 401(k) with Crypto – . Trade, earn, and grow your crypto portfolio with — . Image: Shutterstock Send To MSN: 0 This article Ripple Price Holds Amid ETF Review And Saudi-Backed Treasury Initiative originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Upturn
06-05-2025
- Business
- Business Upturn
WiseCryptoNews Portal Launches While Polymarket Puts XRP ETF Approval Odds at 79%
Dubai, UAE, May 05, 2025 (GLOBE NEWSWIRE) — WiseCryptoNews has unveiled its platform built to track the most important developments across digital assets, offering readers a clearer view of shifting sentiment in real time. With the The XRP ETF approval debate heating up, the need for sharper insight into how crypto markets, narratives, and regulation cannot be over emphasized. Case in point: decentralized prediction platform Polymarket now puts the odds of a spot XRP ETF gaining SEC approval by the end of 2025 at 79%, up from 65% just a few weeks ago. The jump reflects growing optimism in the asset's regulatory outlook and renewed momentum across the broader altcoin ETF conversation. XRP ETF Approval Odds Jump to 79% as Market Confidence Grows Polymarket's data shows this confidence hasn't wavered much recently. Over the last 24 hours, the forecast has stayed in a tight range between 77% and 79%, suggesting that market participants see a real possibility of the XRP ETF becoming a reality before the year is out. This optimism is part of a broader trend in 2025, where interest in altcoin ETFs is climbing alongside improvements in regulatory clarity XRP ETF approval odds. Source: Polymarket One major factor fueling this momentum is the developing relationship between Ripple Labs and the US Securities and Exchange Commission (SEC). In March 2025, the SEC officially dropped its longstanding lawsuit against Ripple, removing a major legal overhang that had clouded XRP's future for years. With that out of the way, attention has shifted to the potential launch of a regulated XRP ETF — a move that would allow both institutional and retail investors to gain exposure to XRP through traditional financial markets. While a spot XRP ETF hasn't been approved yet, there has been significant movement on the futures side. The SEC recently signed off on three XRP futures-based ETFs from ProShares: the Ultra XRP ETF (2x leverage), Short XRP ETF (-1x leverage), and Ultra Short XRP ETF (-2x leverage). However, despite initial reports of an April 30 launch, ProShares clarified there was no ETF rollout on that date. The firm has since filed an update proposing May 14, as the new target — though this remains tentative and dependent on final SEC approval. It's important to note that futures-based ETFs don't offer direct exposure to XRP itself. Instead, they track price movements through contracts, which can be useful for short-term speculation but lack the direct market linkage that spot ETFs provide. A spot XRP ETF would hold the underlying asset, offering a clearer and potentially less volatile route for long-term investors. Several major asset managers, including Franklin Templeton, Grayscale, 21Shares, Bitwise, and WisdomTree, have pending applications for spot XRP ETFs. The SEC recently delayed its decision on Franklin Templeton's application to June 17, a procedural move that analysts say is common and not necessarily a sign of rejection. As interest builds, analysts are weighing in on what an XRP ETF could mean for the market. Standard Chartered has projected that a US-based XRP ETF could attract as much as $8.3 billion in inflows, potentially driving XRP's price to $8 by 2026. 'Of the US spot ETFs approved so far, NAV as a percentage of market cap is 3% for Ethereum and just under 6% for Bitcoin. At current XRP market cap, that would imply a range of $4.4 billion to $8.3 billion as a future total NAV measure for an XRP ETF, which seems like a reasonable target range for inflows in the first 12 months,' Standard Chartered's head of digital assets research Geoff Kendrick said. On the other hand, analysts at Bitfinex are more cautious, suggesting that while an XRP ETF would be a major step, inflows might not match those seen with Bitcoin ETFs due to broader investor preferences. At the time of writing, XRP is trading around $2.20, with a 24-hour trading volume of $2.14 billion. Though the token's price has dipped slightly in the last day, the market remains focused on regulatory cues. The SEC's next closed meeting is set for May 8, and speculation is mounting that further updates on Ripple or the XRP ETF applications could emerge from it. All signs point to a shifting landscape for crypto ETFs in the US. While the final word on a spot XRP ETF is still pending, the odds — both in the market and among analysts — continue to move in its favor. Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Yahoo
30-04-2025
- Business
- Yahoo
Will the XRP ETF Explode Like Bitcoin's?
10T Holdings founder Dan Tapiero joins CoinDesk to discuss the launch of ProShares' XRP ETF and compare their potential success to the bitcoin products. Plus, Dan shares his early experiences trading bitcoin and XRP, and weighs in on the criticisms of XRP's centralization. This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes. Sign in to access your portfolio
