Larry Fink, the Chief Executive Officer of BlackRock, the world’s largest asset management firm, has commented on the potential for an exchange-traded fund (ETF) involving XRP.
Read more on: https://thecryptobasic.com/2024/01/13/blackrock-ceo-larry-fink-comments-on-prospects-of-an-xrp-etf/
#XRPUnlock #xrpetf #cryptocurrecny #CryptoNewsLand #CryptoNews🔒📰🚫

The crypto community became riled with disdain after credible sources discredited a fake XRP spot ETF product filed about a week ago in Delaware.
Read more on: https://thecryptobasic.com/2023/11/20/xrp-etf-hoax-fooled-many-investors-here-are-lessons-learnt/
#XRPUpdate #xrpetf #XRPWaves #Crypto #CryptoNews🔒📰🚫

- Ripple CEO Brad Garlinghouse responds to speculation regarding the potential introduction of an XRP Exchange Traded Fund (ETF).
- Garlinghouse emphasizes the importance of transparency in cryptocurrency regulations, citing recent developments with the SEC.
- Ripple's XRP has seen a 1.61% rise in the last day, signaling potential movement beyond current resistance levels.

In response to rumors surrounding the potential approval of an XRP spot Exchange Traded Fund (ETF), Ripple CEO Brad Garlinghouse shared his perspective during an interview with Bloomberg Television. Garlinghouse emphasized the need for clearer cryptocurrency regulations while remaining optimistic about the possibility of an XRP ETF launch, drawing parallels to historical market diversification strategies.
Throughout the interview, Garlinghouse expressed optimism regarding the prospects of an XRP ETF approval, citing the recent approval of a Bitcoin spot ETF as a positive indicator. Although he refrained from confirming the rumors, he expressed Ripple's support for such an initiative, foreseeing the inevitability of multiple ETFs covering different tokens.
Garlinghouse took the opportunity to reflect on Ripple's recent legal victory over the Securities and Exchange Commission (SEC), characterizing it as a significant milestone towards transparency in crypto regulations. He criticized the SEC's enforcement-focused approach, stressing the importance of clear industry guidelines.
Highlighting Ripple's legal battles with the SEC, Garlinghouse underscored the courts' consistent rulings against the agency and their affirmation that XRP does not qualify as a security. He expressed hope for regulatory clarity in the future, either through the SEC's recognition or congressional intervention.
Regarding XRP's price movement amidst ETF rumors, Ripple experienced a slight increase in value over the past 24 hours, with bullish trends observed on shorter timeframes. The potential approval of an XRP ETF could further impact price dynamics, with the possibility of a breakout from resistance levels.
In conclusion, Ripple's current price stands at $0.5403, reflecting fluctuations over the past 24 hours and a slight increase over the week. The cryptocurrency market remains highly volatile, and readers are advised to conduct their own research and exercise caution when making financial decisions.

#ripple #XRPPricePrediction #xrpetf #SEC #cryptocurrency
$XRP

- XRP's substantial $28 billion market capitalization positions it as a viable contender for an ETF.
- Its emphasis on serving financial institutions enhances its suitability for such a product.
- Analysts, including Eleanor Terett, advocate for a futures-based ETF as a prerequisite for a spot XRP ETF's approval.
- Ripple's job listing for an "ETF initiatives" role implies potential preparations for an ETF, despite no official announcements.
- Brad Garlinghouse's reluctance to address the ETF question in Switzerland suggests underlying plans for such a product.

The recent approval of several Bitcoin spot ETFs in early January has ignited speculation within the cryptocurrency community regarding which digital asset might be next in line for ETF listings. While contenders such as Ethereum, Solana, Cardano, and Polkadot have been considered, attention has also turned towards XRP.
XRP possesses the necessary qualifications for a potential ETF, boasting a $28 billion market cap and a design tailored specifically for financial institutions. However, it's crucial to note a significant development in mid-2023, when a US district judge ruled that XRP, amidst a prolonged legal battle between the SEC and Ripple, was determined "not" to be securities.
But could Ripple successfully file for and secure approval for an XRP ETF?
Eleanor Terett, as highlighted in a recent tweet, suggests that the journey towards an XRP ETF may be longer than anticipated. Terett emphasizes the necessity of a futures ETF as a preliminary step, indicating that for XRP to secure a spot-based ETF, it must first obtain approval for a futures-based ETF. Currently, there are no XRP ETF filings on the SEC's desk, suggesting a potentially extended wait for investors.
Adding to the skepticism, Bloomberg ETF analyst James Seyffart views the possibility of an XRP ETF as remote, citing a slim chance of it materializing in the near future.
However, Ripple's recent job listing for a Senior Manager for Business Development raises intriguing questions. Among the responsibilities outlined in the listing is the driving of cryptocurrency-related ETF initiatives, prompting speculation within the crypto community regarding Ripple's intentions.
Ripple CEO Brad Garlinghouse's response to inquiries about a potential Ripple ETF during a January interview further fuels speculation. Garlinghouse, while refraining from providing a definitive answer, hints at the possibility of other ETFs being "on the horizon."
Despite Seyffart's assertion that a futures ETF is not a prerequisite for an XRP spot ETF, the necessity of a regulated market remains a consideration. As was the case with Bitcoin, a regulated market, such as the CME bitcoin futures market, may be crucial for an XRP ETF's approval.
As the cryptocurrency market awaits further developments, XRP continues to face challenges in terms of price performance. Recent data indicates stagnation and a slight dip in XRP's price, amidst volatility. Technical analysis suggests potential scenarios for XRP's price movement, with both bullish and bearish outcomes.
In conclusion, while the prospect of an XRP ETF remains uncertain, market participants eagerly await further developments. As with any investment decision, thorough research and caution are advised in navigating the volatile cryptocurrency landscape.
[Disclaimer: This content aims to provide accurate and up-to-date information, but it does not absolve readers of conducting their own research and making informed financial decisions. Cryptocurrency investments carry inherent risks, and individuals should exercise caution.]

#XRP #xrpetf #XRPETFApproval #Crypto2024 #cryptocurrency
$XRP

#cpi The crypto market has struggled over the past 24 hours, with Ethereum and $XRP faring worst for wear out of the top 10 projects by market cap. Although they’ve slightly pulled back since, they remain in the read for price movement over the last day.However, analysts are backing the new #BitcoinETFs Token as it pushes forth through its ICO regardless of the market’s turbulence.Ethereum and XRP Selloff Amid Technical and Fundamental BarriersEthereum’s recent selloff is seemingly a result of price-related factors aligning for a pullback. This is mainly because Ethereum has recently experienced a substantial uptick in price after Blackrock announced plans to file for an #EthereumETF .The announcement sent crypto prices surging, with Ethereum reaching its highest price since April.It quickly exploded past its $2K resistance but entered the oversold territory on the daily time frame RSI indicator.These factors coincided for a pullback to retest the $2K resistance turned support level. However, the level was not respected, with Ethereum dropping below and currently trading at $1977. This indicates a weakening market sentiment.One reason may be that Ethereum’s scalability issue has again come to light, with reports that transaction fees have climbed as high as $220. This is unaffordable for the average crypto user and paints a daunting picture of how high they could go in the peak bull run.Meanwhile, Solana has climbed over 6% in the last 24 hours, indicating traders are opting for scalability.Moving to XRP, the most impactful event on its recent price action is a fake #xrpetf filing, which caused a temporary spike in its price to highs of $0.75.However, the fake ETF filing was quickly redacted, causing its price to return immediately.The move has seemingly diminished interest in XRP as its volume crashed and its price dropped below a local support level of $0.64.This is amplified by Delaware reporting the fake ETF filing to the U.S. Department of Justice and stating that the perpetrator will likely be prosecuted.Meanwhile, Ripple and XRP whales have recently moved $296 million worth of XRP. The transactions were on chain and took place in two batches.The first batch comprised two transactions amounting to $281 million, with the majority sent to an anonymous wallet and some to an exchange address.The second batch worth $15 million was sent to a Bitstamp-associated wallet, indicating they may be liquidated. Ultimately, these factors for both XRP and ETH, combined with their recent price increases, have attributed to bearish momentum, enabling short sellers to control the market and push down prices.Nevertheless, analysts are bullish on the new presale project, Bitcoin ETF Token, which is at the epicenter of the monumental Bitcoin ETF hype.Deflationary Stake-to-Earn Bitcoin ETF Token Raises $680K in 1 Week of ICOBitcoin ETF Token is a new staking coin that aims to harness the Bitcoin ETF hype to foster a vast community.The project features two innovative burn mechanisms. One will burn 5% of its total supply at five key Bitcoin ETF milestones, creating scarcity while market sentiment is highest. The second is a 5% burn tax on each transaction, encouraging long-term holding while reducing the token’s circulating supply.Meanwhile, Bitcoin ETF Token also places a notable emphasis on community. For instance, its staking mechanism currently offers a generous 397% APY. Moreover, it boasts a news feed that pulls the most impactful Bitcoin ETF updates from around the web into one dashboard.These factors have led to considerable presale success, with the project raising a whopping  $640K despite launching just last week.Bitcoin ETF Token has also raised eyebrows in mainstream crypto media, with outlets like Cointelegraph, Yahoo Finance, Investing.com, and Crypto News already covering it.Yet, given its timely release just months before the Bitcoin ETF approvals are anticipated, its media and investor allure is no surprise.Market participants can buy Bitcoin ETF Token for $0.0052, but they must act fast as its price will rise in one day.Disclaimer and Risk WarningThis is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. Coinpedia should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their research before taking any actions related to the company.#Flow

Following the fake BlackRock XRP ETF report, Attorney John Deaton provides financial tips to help XRP enthusiasts profit off FOMO.
Read more on: https://thecryptobasic.com/2023/11/18/deaton-gives-financial-advice-after-bogus-blackrock-xrp-etf-report/
#XRPUpdate #xrpetf #Crypto #CryptoNews🔒📰🚫

While the U.S. regulatory body has approved a Bitcoin spot exchange-traded fund (ETF), the likelihood of more crypto ETFs like XRP’s remains uncertain. 
Read more on: https://thecryptobasic.com/2024/01/18/uncertainty-surrounds-prospects-of-xrp-etf-heres-why/
#XRPUnlock #xrpetf #cryptocurrecny #CryptoNewsLand #CryptoNews🔒📰🚫

Charles Gasparino comments on the prospect of BlackRock launching an XRP ETF, saying that the company’s CEO has limited awareness about the sixth-largest cryptocurrency by market cap.
Read more on: https://thecryptobasic.com/2024/01/15/fox-journalist-says-blackrock-ceo-barely-knows-that-xrp-exists-community-reacts/
#XRPUnlock #xrpetf #cryptocurrecny #cryptoleads #CryptoNews🔒📰🚫

#AVAX Crypto tracking platform Whale Alert has detected two large #XRPtransactions made by an anonymous wallet to major #exchanges Bitstamp and Bitso.With these transfers, more than 51,000,000 $XRP coins were shoveled. Details of these transactions, however, suggest that the sender wallet may be affiliated with Ripple Labs blockchain behemoth.Also, transfers to the exchanges, with a likely goal of selling those millions of XRP, coincided with a 5.11% drop in the XRP price. In this case, the aforementioned wallet made a massive XRP sale at a loss.Close to 52 million XRP on the move, price declinesPer data published by Whale Alert, unknown wallet r4wf7enWPxyHtbizyV7ZHiZi5XgwHh4Rzn moved lumps of 25,400,000 XRP and 26,200,000 XRP roughly 11 hours ago. The millions of XRP were sent to Bitstamp and Bitso exchanges, respectively – a total of 51,600,000 XRP worth $31.7 million in fiat.In the meantime, the price of the Ripple-affiliated XRP coin demonstrated a 5.11% decline since Thursday as it dropped from the $0.65098 level and is now changing hands at $0.61576.This week has been rough for XRP as it first plunged more than 12% on Monday after BlackRock fund manager dismissed scam rumors about it filing for an XRP-based ETF. Then another 10% drop came on Tuesday as the case with the fraudulent XRP ETF filing was transferred to the U.S. Department of Justice.This case with a fake #xrpetf filing became a target for memes which, these days, is a likely sign that demand for such an exchange-traded fund would perhaps be quite high among investors and traders.Here's where Ripple's shadow is seen on transfersXRP-centered explorer Bithomp revealed that the aforementioned r4wf7enWPxyHtbizyV7ZHiZi5XgwHh4Rzn wallet is linked to the fintech heavyweight Ripple based in San Francisco.Therefore, this 51,600,000 XRP transfer was likely to have been made not for the sake of selling and adding fiat funds to Ripple's balance but as transactions to support the Ripple Payments liquidity supply.Ripple Payments used to be known to the crypto community as On-Demand Liquidity (ODL), but it was rebranded earlier this year to make it easier for outsiders to understand quickly what this system is about.Ripple Payments runs on RippleNet, and it is powered by XRP, which is the core element of transactions here, and they do not require dealing with prepaid accounts as opposed to money transfers conducted by traditional banks. This system currently operates in more than 70 countries around the world, according to data shared by Ripple chief Brad Garlinghouse at the recent annual Swell event in the UAE.#Pyth