Investments of encryption funds. Make a request With the Securities and Stock Exchange Committee (SEC) to convert XRP confidence into a trading box (ETF), which will be listed on the New York Stock Exchange (NYSE).
The current product works as a legal confidence in Dilayer, and runs more than $ 16 million from XRP from Friday. The proposed ETF will continue to retain XRP as a basic asset and track its performance on the basis of price return, and it is modified for operational fees, providing investors a direct link to the performance of XRP.
Besides Gray, companies such as Coinshares and BitWise also submitted requests for XRP -based investment funds, indicating an increasing institutional appetite for organized investment products in XRP.
Earlier January, Ripple Labs Monica Long I noticed xrp etf It can soon be “real” under the new Trump administration, which has promised to re -innovate Crypto to the United States and support local companies.
Meanwhile, the trading volumes on the original XRP applications were high as the interests of investors were acquired. The sizes of swap on the XRP LEDGER decentralized stock exchange (DeX) crossed a brand of $ 400 million in January to cross a billion dollar sign for the first time since the Mechanical Market Maker’s feature was launched in May – an achievement that some say it contributed to making it 2024 “huge” years of the distinctive symbol.
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