According to TechFlow, Ripple released the XRP market report for the third quarter of 2024, emphasizing that XRP's "non-security" status remains valid and the SEC's appeal does not involve this issue.
In the third quarter, several institutions showed interest in XRP investment products, with Bitwise, Canary, and 21Shares all filing S-1 applications for XRP ETFs.
Since the court ruled that XRP is not a security, all US exchanges that had delisted XRP have relisted it. CME launched an XRP reference price, and Bitnomial plans to launch an XRP futures product. Grayscale launched an XRP trust fund and applied to convert the digital large-cap fund into an ETF.
