XRP Data from CoinGecko show that Bitcoin has surged up to $1.67, its highest since May 2021.
The date of this publication is the The price of XRP Its price has risen by 13.8% today and 12.8% over the past week. The price movement The announcement comes as speculation grows that an XRP ETF (exchange traded fund) could be imminent, along with optimism about the possibility of a change in the U.S. Securities and Exchange Commission.
According to reports, WisdomTree, a global provider of ETFs, registered XRP in Delaware on Monday. Fox Business—the first step to getting the product approved. European XRP ETP rebranded on Wednesday to become the ETP Physical Bitwise XRP as Ripple said it'll invest in the fund.
“Global demand for exposure to the crypto asset class has exploded in 2024, fueled by a growing interest in crypto-backed investment offerings,” Brad Garlinghouse said, Ripple’s CEO, when the company announced its plans to make an investment in Bitwise.
Garlinghouse told Garlinghouse in October that he thinks approval of a XRP ETF will be approved. "inevitable."
It comes after the U.S. approved both Bitcoin ETFs and Ethereum, which allowed traditional investors to invest in crypto. According to, U.S. Bitcoin exchange-traded funds (ETFs) have assets worth $107.14billion at the time of this writing. CoinGlassEthereum ETFs are gaining in popularity Ten.74 billion dollars Assets Under Management
“With the U.S. regulatory environment for crypto finally becoming more clear, this trend is poised to accelerate, further driving demand for crypto ETPs,” Garlinghouse said.
Since 2020, XRP is embroiled with legal disputes against the SEC after it claimed that the asset was not registered. By 2023. A federal judge has ruled The XRP currency is “not necessarily a security on its face.” This year in October, there will be a new SEC has appealed certain key elements of the ruling Ripple executives have been selling XRP through digital asset trading platforms.
The regulatory and legal uncertainties have cast a shadow over the market cap of the 6th largest cryptocurrency. The news that SEC chairman Gary Gensler prepares to leave the regulator Some of these clouds are now forming as Trump takes the presidency You can also check out our other products..
Upon the news of Gensler's impending departure last week, XRP broke its three year high by reaching $1.49—which it has since broken three times over. That said, the token remains 51% off its all-time high of $3.40 reached in January 2018—almost seven years ago.