XRP News Update: Regulatory Changes Drive XRP Rally with ETF Approvals Approaching
- XRP surged to $2.6, a two-week high, driven by anticipation of upcoming spot ETF approvals led by Canary Capital, Bitwise, and Franklin Templeton. - Institutional demand grew as REX-Osprey and Canary ETFs attracted $186M in inflows, while Solana ETFs secured $335M, signaling altcoin market maturation. - SEC's review of XRP ETFs and a 2024 court ruling classifying XRP as a commodity, not a security, reinforced regulatory clarity amid Trump-era crypto-friendly policies. - Ripple's $1.1B stablecoin and stra
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Technical indicators point to continued strength. After forming a double-bottom pattern, XRP rebounded to $2.56—its highest since October—following a $500 million investment in Ripple Labs by affiliates of Citadel and Fortress, as detailed in a
The ETF boom is not limited to XRP. Bitwise’s innovative Solana Staking ETF, launched during the government shutdown, attracted $420 million in its first week, as reported by a
Major institutions are also broadening their crypto offerings. The Hashdex Nasdaq Crypto Index US ETF, which tracks a diverse portfolio of digital assets including
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