XRP News Today: Ripple's Efforts with Institutions Meet XRP Price Fluctuations Amid Growing ETF Anticipation
Ripple, the blockchain enterprise responsible for
Ripple’s most recent initiative is the introduction of Ripple Prime, a U.S.-based digital asset spot prime brokerage, as detailed in a
The company’s institutional strategy is further highlighted by its expanding regulatory presence. Ripple now possesses more than 75 licenses worldwide and collaborates with prominent banks such as BBVA, DBS, and the crypto arm of Société Générale. These actions coincide with growing speculation about an upcoming XRP ETF. Grayscale Investments has recently submitted Amendment No. 2 for its Grayscale XRP Trust, aiming for SEC approval to list the fund under the ticker GXRP on NYSE Arca, according to a
Bitwise and Grayscale have each announced ETF management fees of 0.34% and 0.35%, respectively, as the race to launch the first XRP ETF heats up. Market observers, including ETF Store President Nate Geraci, expect a regulatory verdict by the end of 2025, with a potential launch date around November 13. XRP’s total market value is currently $170 billion, placing it fifth among digital assets, though its price has ranged from $0.50 to $3.55 over the last year.
The disparity between Ripple’s business expansion and XRP’s price swings prompts debate over whether increased institutional involvement will lead to lasting demand for the token, as noted by BeInCrypto. Although Ripple’s infrastructure upgrades reflect confidence in the long-term outlook, investors remain wary, with XRP experiencing a 15% drop over the past week. The SEC’s ultimate ruling on the ETF could prove pivotal, either boosting institutional participation or underscoring the regulatory challenges facing the broader move toward tokenization.
