According to TechFlow news from Deep Tide, on November 4, CrowdFund Insider reported that Ripple released its XRP market report for the third quarter of 2024, emphasizing that XRP's 'non-security' status remains valid and that the SEC's appeal against Ripple does not involve the question of whether XRP is a security. In the third quarter, several institutions showed strong interest in XRP investment products, with Bitwise, Canary, and 21Shares all submitting S-1 application documents for an XRP ETF.
It is worth noting that after the court ruled that XRP itself does not constitute a security, all U.S. exchanges that had previously delisted XRP have now relisted it. The Chicago Mercantile Exchange (CME) launched an XRP reference rate, and Bitnomial announced plans to launch XRP futures products. Grayscale also launched an XRP trust fund and applied to convert a digital large-cap fund that includes XRP into an ETF.
