COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Grayscale’s XRP ETF Filing Sparks Excitement in the Crypto Market
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Ripple (XRP) > Grayscale’s XRP ETF Filing Sparks Excitement in the Crypto Market
Ripple (XRP)

Grayscale’s XRP ETF Filing Sparks Excitement in the Crypto Market

In Brief

  • Grayscale's XRP ETF filing has heightened speculation in the crypto market.

  • BlackRock's potential entry adds to the excitement surrounding XRP.

  • Investor caution persists amid changing market dynamics.

Ömer Ergin
Ömer Ergin 3 months ago
Share
SHARE

Grayscale’s recent filing for an XRP ETF on the NYSE has ignited a wave of speculation within the crypto community. With multiple asset managers entering the ETF race around XRP, there are thoughts that BlackRock may also join this competitive landscape. FOX journalist Eleanor Terrett hinted at more filings on the horizon, further fueling investor interest.

Contents
XRP ETF Filing DetailsThe Future of Ripple

XRP ETF Filing Details

Grayscale formally submitted a 19b-4 form to transform its existing XRP Trust into an exchange-traded fund (ETF). If approved, this ETF will be listed and traded on the New York Stock Exchange. The trust, established following the ruling by Judge Analisa Torres in the Ripple $2 and SEC case, currently holds assets worth 16 million dollars.

Eleanor Terrett’s remarks have stirred speculation about a potential BlackRock filing. Terrett stated, “Expect more filing activity regarding XRP ETF applications next week.” Considering BlackRock’s position in the investment market, the prospect of launching an XRP ETF has captured the attention of investors. Previously, BlackRock officials suggested that there would be no ETFs aside from BTC and ETH, indicating a lack of interest in other altcoins. However, much has changed for XRP Coin since those statements.

The Future of Ripple

Currently, XRP’s price stands at 3.08 dollars, with trading volume decreasing by 31% to 4.7 billion dollars. Investors are exercising caution following the Federal Reserve’s decision to maintain interest rates. However, growing optimism regarding a potential XRP ETF launch supports expectations of a price surge. Eight asset managers, including Bitwise, CoinShares, and WisdomTree, have officially submitted XRP ETF applications.

BlackRock’s involvement could significantly enhance XRP’s reputation in the investment market. However, speculation surrounding XRP’s addition to the U.S. Strategic Reserve has sparked debates between Bitcoin $102,741 maximalists and XRP supporters. Experts remain optimistic about the future of the cryptocurrency, considering the recent ETF filings and other market developments.

As developments continue, market players are proceeding with caution. The outcomes of ETF applications could greatly impact XRP’s value and the broader crypto market. Investors should closely monitor the situation, as regulations and market trends will influence future movements.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Florida Firm Strengthens Digital Payments with XRP Technology

Ripple Settles Legal Battle with SEC, Bringing Relief and Controversy

Ripple’s Victory in Legal Tug-of-War Against SEC Ignites Excitement

XRP Soars as Whale Transactions Stir Market Speculations

Ripple’s XRP Surges Amidst Market Fluctuations: An Intriguing Performance Analysis

Ömer Ergin 31 January, 2025 - 11:55 pm 31 January, 2025 - 11:55 pm
Share This Article
Facebook Twitter
Share
Previous Article CredibleCrypto Highlights Positive Signs for Bitcoin and Ethereum’s Potential
Next Article Trump’s Bold Moves Ignite Trade War and Impact Cryptocurrency Markets
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Florida Firm Strengthens Digital Payments with XRP Technology
Ripple (XRP)
Bitcoin Surges as Tensions Rise Between India and Pakistan
Bitcoin (BTC)
Ethereum Surges, Leading the Crypto Market with Bold Moves
Ethereum (ETH)
Binance Supports New AirDrop Initiative!
Binance
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?