Latest news with #cryptoETF
Yahoo
3 days ago
- Business
- Yahoo
3 Recent Political Wins for the Crypto Sector and What They Mean for This Leading Cryptocurrency
XRP is already up more than 300% since the 2024 election, and new political catalysts could send it higher still. A more crypto-friendly SEC makes it much more likely that a spot XRP ETF will be approved in 2025. New crypto legislation set to be signed this summer could pave the way for new XRP growth opportunities related to stablecoins. 10 stocks we like better than XRP › Arguably, the biggest beneficiary of the Trump administration's pro-crypto policies has been the cryptocurrency XRP (CRYPTO: XRP). On Election Day, XRP was trading for just $0.50. Today, it trades for about $2.20, for an eye-popping 345% return on investment in just six months. While much of the early pro-crypto euphoria surrounding the Trump administration has already been priced into XRP, new catalysts continue to emerge. In fact, there are three big ones with the potential to send XRP higher over the next 12 months. President Donald Trump campaigned on a pro-business, pro-crypto platform. And that's exactly what he has delivered. One of the first moves was the replacement of Securities and Exchange Commission (SEC) head Gary Gensler, who was known for his heavy-handed approach to crypto regulation, with Paul Atkins, who is known for his support of the crypto industry. This shakeup at the SEC is important for several reasons. For example, it led to the SEC dropping a long-running lawsuit against Ripple, the company behind the XRP crypto token. For more than four years, the SEC claimed that XRP was a security and not a commodity. That long, bruising legal battle now appears to be over. That should free up Ripple (and XRP) to go back to expanding its business of facilitating financial transactions. Moreover, it should make it easier for Ripple to gain institutional adoption for its blockchain-based payment network, which is primarily used to send cross-border payments. As long as there was a dark legal cloud hovering over Ripple, financial institutions had to think twice about getting fully onboard with Ripple's payment technology. In March, the White House announced the creation of both the Strategic Bitcoin Reserve and the U.S. Digital Asset Stockpile. The Strategic Bitcoin Reserve only holds Bitcoin, so it doesn't affect XRP. But the Digital Asset Stockpile would to hold all the other cryptocurrencies owned by the U.S. government, including XRP. In the days before the announcement of the U.S. Digital Asset Stockpile, Trump specifically noted that XRP was one of the four cryptocurrencies that were going to be prioritized. The high-profile inclusion of XRP came after Ripple Chief Executive Officer Brad Garlinghouse directly reached out to the White House, encouraging a broader crypto diversification away from Bitcoin. What remains to be seen, of course, is whether the U.S. government will ever decide to buy more XRP for the stockpile. Right now, the only XRP in that would be held in the stockpile is crypto that was seized or confiscated by the government. So, from the perspective of crypto investors, it's important for the government to buy XRP. If that happens, the price of XRP could skyrocket. New stablecoin legislation should be signed by the end of the summer. At first glance, this political win shouldn't have a big impact on XRP. After all, XRP is an altcoin, and not a stablecoin, right? However, there is an indirect impact. That's because Ripple recently introduced a new dollar-pegged stablecoin, known as Ripple USD (CRYPTO: RLUSD), to encourage more activity on the XRP blockchain. Even though Ripple USD only launched in December, it already has a market cap of $300 million, which suggests that institutional investors are eyeing new uses for XRP. Admittedly, there's quite a bit of debate in the crypto world about how much this new stablecoin will actually help XRP. On one hand, it should drive new transaction activity, create new use cases for XRP, and lead to greater demand for the XRP token. On the other hand, the new stablecoin might cannibalize XRP transaction activity, and lead to lower demand for the XRP token. As noted above, much of the pro-crypto euphoria that existed immediately after the 2024 election has already been priced into XRP. There's no other rational way to explain how a cryptocurrency that had seemingly flatlined at the $0.50 level suddenly skyrocketed to a 52-week high of $3.39 in mere weeks. But there's still a lot of promising upside potential from these three new political catalysts. For example, a crypto-friendly SEC makes it much more likely that a new spot XRP exchange-traded fund will be approved by the end of 2025. And, any initiative by the Trump White House to free up non-taxpayer funds for the Digital Asset Stockpile could send XRP parabolic. Although there's a lot to be excited about, just remember: In its entire history, XRP has never once traded higher than $4. So, while it's nice to fantasize about XRP skyrocketing in value, the most likely outcome is for XRP to double in price, to regain an all-time high of $3.84 from seven years ago. Before you buy stock in XRP, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and XRP wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $651,049!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $828,224!* Now, it's worth noting Stock Advisor's total average return is 979% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Dominic Basulto has positions in XRP. The Motley Fool has positions in and recommends XRP. The Motley Fool has a disclosure policy. 3 Recent Political Wins for the Crypto Sector and What They Mean for This Leading Cryptocurrency was originally published by The Motley Fool
Yahoo
25-05-2025
- Business
- Yahoo
Ripple CEO hails major Wall Street shift as XRP ETFs go mainstream
Brad Garlinghouse, the billionaire CEO of the Ripple payments firm, has hailed the recent launches of XRP-linked funds on Wall Street. On May 23, Garlinghouse appeared in an episode of Ripple's 'Crypto In One Minute,' in which he discussed in detail the two main factors behind the popularity of crypto exchange-traded funds (ETFs). One: for the longest time, institutional investors — primarily those trading on Wall Street — haven't been able to access crypto directly, said Garlinghouse. The only options limited to such traders were either self-custody or centralized exchanges, which they don't prefer for several reasons. The launch of crypto ETFs gave investors an opportunity for the "first time" to directly trade crypto on Wall Street, Garlinghouse continued. Capital that was earlier untapped — an endowment, a pension fund, or a mutual fund — can now access crypto through traditional channels, he added. Two: crypto ETF launches are institutionalizing the entire crypto industry, the billionaire CEO highlighted and appreciated the market reception to spot Bitcoin ETFs, which he said will soon close in on gold ETFs. Of late, a number of funds linked to XRP have been launched too. On Apr. 8, Vermont-based Teucrium Investment Advisors launched a 2x XRP futures ETF, giving twice-leveraged exposure to XRP. The Chicago Mercantile Exchange (CME), the leading American derivatives marketplace, launched XRP futures on May 19. Next, Volatility Shares launched the first XRP futures ETF, along with a twice-leveraged XRP futures ETF, on May 22. Meanwhile, nine applications relating to spot XRP ETFs are waiting for approval from the securities regulator. With a market cap of $134 billion, XRP is the fourth-largest cryptocurrency. As per Kraken, it was trading at $2.29 at press time, down 4% over a month. Ripple CEO hails major Wall Street shift as XRP ETFs go mainstream first appeared on TheStreet on May 25, 2025
Crypto Insight
22-05-2025
- Business
- Crypto Insight
VanEck to launch Avalanche ecosystem fund
VanEck plans to launch a private digital assets fund in June targeting tokenized Web3 projects built on the Avalanche blockchain network, the asset manager said in a statement shared with Cointelegraph. The VanEck PurposeBuilt Fund, available only to accredited investors, aims to invest in liquid tokens and venture-backed projects across Web3 sectors, including gaming, financial services, payments, and artificial intelligence. Idle capital will be deployed into Avalanche real-world asset (RWA) products, including tokenized money market funds, VanEck said. The fund will be managed by the team behind VanEck's Digital Assets Alpha Fund (DAAF), which oversees more than $100 million in net assets as of May 21. 'The next wave of value in crypto will come from real businesses, not more infrastructure,' Pranav Kanade, portfolio manager for DAAF, said in a statement. Thematic crypto funds VanEck's PurposeBuilt Fund is the latest in a series of funds from the asset manager and rivals designed to offer exposure to projects and companies in fast-growing segments of Web3. On May 14, VanEck launched a new actively managed exchange-traded fund (ETF) to invest in stocks and financial instruments providing exposure to the digital economy. In April, VanEck launched another ETF investing in a passive index of companies operating in the crypto space. Asset managers such as VanEck are requesting the US Securities and Exchange Commission's (SEC) permission to list upward of 70 crypto ETFs. The wave of ETF filings is in response to US President Donald Trump softening the agency's regulatory stance toward crypto after Trump took office in January. Avalanche RWA ecosystem Avalanche has emerged as a hub for real-world assets (RWAs) and other institutional-oriented crypto projects. Its interrelated networks, called subnets, allow institutions to run Ethereum-style smart contracts in a controlled environment. On May 16, Solv Protocol launched a yield-bearing Bitcoin token on the Avalanche blockchain, targeting institutional investors Avalanche has around $1.5 billion in total value locked (TVL) as of May 21, according to data from DefiLlama. 'We're seeing a shift away from speculative hype toward real utility and sustainable token economies,' John Nahas, chief business officer at Ava Labs, said in a statement. Source:
