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Ripple News
Cryptonews
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World’s First Spot XRP ETF Launches on Brazil’s B3 Exchange
- Hashdex launched the world’s first spot XRP ETF, XRPH11, on Brazil’s B3 exchange, tracking the Nasdaq XRP Reference Price Index with Banco Genial as custodian.
- The ETF debuted with about US$40M in net assets, requires at least 95% allocation to XRP-related products, and charges a maximum 0.7% annual management fee.
- Brazil outpaced the US by launching the first spot XRP ETF, while the US SEC delays approvals for XRP and Solana ETFs despite investor demand.
- Brazilian financial group Banco Genial serves as the custodian for XRPH11, which is one of the nine crypto ETFs offered by Hashdex on B3.
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Bitcoinist
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Ripple ‘Making Up For Lost Time’ After SEC Battle, Says Lawyer
- Ripple is aggressively expanding following its legal battle with the SEC in order to regain momentum.
- Ripple's $1.25 billion acquisition of Hidden Road integrates blockchain infrastructure into institutional trading, combining DeFi's efficiency with TradFi's scale.
- Ripple's expansion into custody solutions, through the acquisitions of Metaco and Standard Custody, positions the company as a one-stop shop for financial institutions integrating blockchain technology.
- Ripple aims to establish the XRP Ledger as a platform for tokenization services, enabling banks to tokenize traditional assets using the RLUSD stablecoin.
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TheNewsCrypto
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ProShares Clarifies: No XRP ETF Launch on April 30, Bloomberg Analyst Confirms
- ProShares clarifies that no XRP ETF launch is scheduled for April 30, debunking widespread rumors.
- ProShares plans to launch futures-based ETFs rather than direct spot products holding XRP.
- The US Securities and Exchange Commission (SEC) is still reviewing spot XRP ETF applications from Grayscale, Bitwise, and Franklin Templeton.
- The anticipation for a genuine spot XRP ETF in the US remains as regulatory barriers persist.
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Cryptopotato
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Here’s When ProShares’ 3 XRP ETFs Will Go Live
- The U.S. Securities and Exchange Commission (SEC) has approved the launch of three XRP exchange-traded funds (ETFs) from ProShares, with a public offering date set for April 30, 2025.
- ProShares' XRP ETFs will provide exposure to XRP through derivatives, not holding the cryptocurrency directly, which has raised concerns among analysts.
- The approved ETFs include the Ultra XRP ETF, which offers 2x leverage on XRP future prices, the Short XRP ETF for inverse exposure to profit from price declines, and the Ultra Short XRP ETF which provides nearly twice the inverse (-2x) performance of XRP.
- The SEC's decision to approve leveraged XRP products before a spot XRP ETF is uncommon, and some speculate it could be due to comfort with derivatives or testing demand for leveraged products.
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Livebitcoinnews
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ProShares to Launch XRP Futures ETFs on April 30, 2025
- ProShares Trust is set to launch multiple XRP-related futures ETFs after receiving approval from the U.S. Securities and Exchange Commission (SEC).
- The launch date for the XRP futures ETFs is set for April 30, 2025.
- Investors can gain leveraged exposure to XRP without physically holding the tokens through these ETFs.
- The approval of XRP futures ETFs comes after an XRP-focused ETF was recently launched by Teucrium Investment Advisors.
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Crypto-News-Flash
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XRP Overtakes Ethereum as Japan’s Most Traded Altcoin
- Ripple's XRP has overtaken Ethereum as the most traded altcoin in Japan.
- XRP has surpassed Ethereum to become the second-most traded cryptocurrency among Japanese investors, trailing only Bitcoin.
- XRP's success in Japan is attributed to its partnership with SBI Holdings and the regulatory environment that is more favorable towards XRP.
- Recent developments, including the approval of an XRP ETF and the launch of XRP futures contracts, are further expected to boost the adoption of XRP.
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Crypto-News-Flash
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Flare to Launch XRPFi Tomorrow — Here’s How It Will Transform XRP Staking
- Flare's XRPFi will launch tomorrow, introducing a decentralized finance (DeFi) ecosystem for XRP holders.
- XRPFi will enable staking, lending, borrowing, and trading of XRP-based assets on the Flare blockchain.
- Flare's three-phase plan includes launching the FAssets v1 mainnet to bridge non-smart contract tokens like XRP, DOGE, and BTC into DeFi.
- XRPFi introduces FXRP, a tokenized version of XRP, allowing smart contract interactions while retaining control of the original XRP.
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Crypto-News-Flash
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Top 3 Cryptocurrencies to Watch This Week for Big Moves
- Bitcoin rebounds strongly to $95,500 after recent market volatility, gaining over 10% last week and 2% recently.
- Ripple's XRP and Solana surge with massive institutional investments, signalling positive price movements.
- Ripple's XRP is gaining attention with the possibility of an approved exchange-traded fund (ETF) and attracting significant institutional investments.
- Dogecoin shows signs of a major rally potential, with a 12.30% weekly rise and possible targets at $0.23, $0.29, and $0.34.
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Crypto-News-Flash
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Ripple’s $1.25 Billion Deal May Unlock $16 Trillion Market, Says XRP Lawyer
- Ripple's recent $1.25 billion acquisition of Hidden Road is seen as a move to capture a share of the $16 trillion institutional finance market.
- Ripple has been strategically strengthening its custody services by acquiring companies like Metaco and Standard Custody.
- The acquisition of Hidden Road highlights Ripple's aim to bridge traditional finance systems with decentralized blockchain innovations.
- Ripple plans to leverage its custody infrastructure to offer tokenization-as-a-service, enabling the tokenization of real-world assets on the XRP Ledger.
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Livebitcoinnews
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XRP Price Surge: Experts Forecast $10 Target in Near Future
- XRP is predicted to reach a target price of $10 soon, based on technical analysis.
- The chart indicates an 'Extended Flat' pattern, supporting the potential breakout.
- Elliott Wave patterns suggest XRP could shock the market with a $10 breakout.
- Factors such as increased adoption, institutional interest, and regulatory clarity contribute to XRP's growth.
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Crypto-News-Flash
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Crypto Watchlist: Pi Network, XRP, and Sui Lead This Week’s Top Picks
- Pi Network, XRP, and Sui are selected as this week's top picks in the Crypto Watchlist.
- Ripple (XRP) is preparing for an IPO and focusing on Real World Assets (RWA) with the launch of RLUSD.
- Pi Network anticipates potential exchange listings and has shown progress in compliance and community strength.
- Sui experiences a notable rally, but the market closely watches the token unlock that could impact price stability.
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Crypto-News-Flash
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Top 3 Crypto Price Predictions: Bitcoin (BTC) and Ethereum (ETH) Stabilize, Ripple (XRP) Gaining Strength
- Bitcoin (BTC), Ethereum (ETH), and XRP are predicted to experience another breakout with bullish momentum.
- Bitcoin's bullish momentum is supported by a 19% surge in daily trading volume, and it could reach $97k after breaking the $95k level.
- Ethereum (ETH) has been holding above the $1,800 level, with a possibility of extending its run to $2,000 if it breaks the $1,861 level.
- XRP has shown resilience by trading above its 200-day Exponential Moving Average at $1.98, and it could reach $2.5 and potentially $3.0.
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Crypto-News-Flash
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Chainlink Ambassador Predicts XRP Rally in 2025 — Here’s Why
- XRP is expected to experience a major price breakout this year.
- Chainlink ambassador predicts an XRP rally in 2025 based on three factors.
- Factors include potential XRP ETF approval, RLUSD adoption, and a possible Ripple IPO launch.
- Analysts expect significant gains for XRP before the end of the year.
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Bitcoinist
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XRP Price Breaks Above ‘Magic Line’ With Bullish Continuation Toward $3
- The XRP price has broken an important trend line, known as the 'magic line', indicating a possible bullish continuation.
- The support level above $2 has solidified as a launch point for potential price increases.
- The XRP price is expected to retrace but a bullish continuation is likely after consolidating.
- The XRP community is boosted by the upcoming launch of XRP futures by CME Group and the potential capture of SWIFT's volume.
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Coinjournal
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XRP price rises 10% in a week as long-term holders reduce selling
- XRP has recorded a 10% rise over the past week, trading at $2.32.
- New XRP addresses reach a two-week high, indicating rising interest and fresh inflows of capital.
- LTHs (long-term holders) are refraining from selling, reducing selling pressure on XRP.
- XRP's RSI is at 60.10, indicating strong buying momentum and potential for further price gains.
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