As a researcher with a decade-long career in the financial industry, I must admit that the recent surge in assets under management (AUM) for the 21Shares Ripple XRP ETP (AXRP), now surpassing $100 million, is nothing short of intriguing. My first encounter with cryptocurrencies dates back to the early days of Bitcoin, and witnessing the growth and evolution of this market has been a rollercoaster ride to say the least.
21Shares Ripple XRP ETP (AXRP) has now surpassed $100 million in assets under management (AUM).
The XRP cryptocurrency supports a product that was first introduced as far back as April 2019.
In addition to 21Shares, other European companies like CoinShares also provide Exchange Traded Products (ETPs) based on XRP.
There are several pending spot XRP ETF proposals that could be approved by the SEC in the U.S.
As reported by U.Today, 21Shares joined the XRP ETF race in early November.
Earlier, Bitwise and Canary Capital also submitted their respective XRP ETF filings.
Brad Garlinghouse, CEO of Ripple, consistently anticipates the introduction of an Exchange Traded Fund (ETF) for XRP in the United States. Nevertheless, certain analysts are skeptical about its immediate availability.
The digital currency XRP experienced a dramatic surge in value, fueled by anticipation that U.S. regulations might become more lenient.
The ongoing speculation that Gary Gensler, the current SEC Chair, might step down has contributed to a surge in the token’s value, reaching its peak price point since last November.
XRP is still up more than 80% over the past week despite giving up some gains.
Read More
- LUNC PREDICTION. LUNC cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- XDC PREDICTION. XDC cryptocurrency
- APU PREDICTION. APU cryptocurrency
- USD GEL PREDICTION
- USD PHP PREDICTION
- BCH PREDICTION. BCH cryptocurrency
- USD COP PREDICTION
- CHEEMS PREDICTION. CHEEMS cryptocurrency
- MNT PREDICTION. MNT cryptocurrency
2024-11-18 23:47