The net asset value (NAV) of the 21Shares Ripple XRP ETP (AXRP) currently stands at $16.45, with assets under management valued at $50.4 million amid strong investor confidence. The 21Shares XRP exchange-traded product (ETP) has continued to command investor interest over four years after its inception in April 2019. The Crypto Basic spotlighted the investment…
David Schwartz, a Ripple top executive, has openly shared his lingering apprehension about the prudence of Ripple’s choice to lock billions of XRP in escrow. In a recent comment on X, David Schwartz, who is CTO at Ripple, revealed his reservations about the firm locking 55 billion XRP in escrow, noting that he never considered…
There is a growing clamor that a spot XRP ETF might be around the corner following the historic approval of multiple spot Bitcoin ETFs by the United States SEC. After years of waiting, the spot Bitcoin ETF is now a reality, with trading for the funds set to open trading anytime now. With the SEC…
Leading crypto payments company Ripple Labs will buy back a substantial amount of its shares in a bid to bolster investors’ confidence. The development was first revealed to Reuters by an anonymous source. According to Reuters, Ripple will buy back $285 million of its shares from its employees and early investors. The source said that…
Following the long-awaited Bitcoin spot ETF’s regulatory approval, prominent crypto community figures now argue an XRP ETF is next. On January 10, the U.S. Securities and Exchange Commission (SEC) granted accelerated licenses to proposals for 11 Bitcoin spot exchange-traded funds (ETFs). The agency communicated the approvals in a statement on its website. The proved ETFs…
The Ripple CTO David Schwartz has come up to debunk claims that Ripple sold 237 million XRP last December, sharing XRP, XLM, and ADA charts to dispel the circulating XRP price suppression theories. Schwartz’s latest remarks came as a reply to the official X account of The Good Morning Crypto Podcast. Citing data provided by…
The United States Securities and Exchange Commission (SEC) has finally approved the launch of Bitcoin spot exchange-traded funds. In a groundbreaking move, the securities regulator approved a total of 11 spot-based Bitcoin ETF applications filed by top asset management companies. Some asset managers that received the SEC’s blessings include Ark Invest and 21Shares, BlackRock, Fidelity…
Several entities, including Changelly, ChatGPT and Google Bard, have projected a timeline for Shiba Inu (SHIB) to clinch the ambitious $0.01 price target. Shiba Inu (SHIB) was a victim of the recent market-wide collapse, which saw the crypto asset drop to a 1-month low of $0.00000827 on Jan. 2 amid a massive 21% decline from…
As we entered 2024, the meme coin market experienced a surge in growth and interest. Established meme coins maintained their leading positions, showcasing impressive 30-day growth figures. Simultaneously, newer and emerging meme coins, such as Corgi AI and ApeMax, gained substantial popularity and generated significant buzz. Based on recent trends in the meme coin space,…
Arbitrum, a leading layer 2 Ethereum scaling solution, has seen its native token Arbitrum (ARB) rise by 49.49% in the past month, outperforming peers like Optimism, Binance Coin, and Solana. This surge is attributed to a 3,000% increase in trading volume, reaching over $3.3 billion. Arbitrum dominates the Ethereum layer 2 sector with a 49.86%…