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XRP ETF Launch Drives Trading Surge and Price Fluctuations
Ripple's XRP has gained attention as it appeared on Santiment's list of trending digital assets. This is attributed to the launch of multiple XRP Exchange Traded Funds (ETFs), including Canary Capital's XRPC, which saw a $58 million trading volume on its first day.
- Five spot XRP ETFs are now listed on the Depository Trust and Clearing Corporation (DTCC).
- Canary Capital's XRPC ETF surpassed Solana with significant inflows.
- The first XRP option income ETF by Amplify was also launched.
- XRP's price reached $2.52 but later dropped to $2.13, decreasing by 2.15% in the last 24 hours.
- Potential uses of XRP in pension funds and settlement mechanisms contribute to its current trend.
Additionally, Bitcoin Hyper (HYPER) is drawing interest due to its ongoing presale, having raised $28.06 million. Designed as a Layer-2 solution for BTC, it's attracting investors seeking high rewards.
- Current presale price: $0.013295
- Ticker: HYPER