The much-anticipated listing date for the Blum token remains undisclosed, but the market is abuzz with speculation of a Q4 2024 debut, likely in November or December. In its pre-market phase, Blum has traded at prices ranging between $0.00504 and $0.00786, gaining momentum across platforms like Gate.io, XT, OKX, and BingX. As excitement builds, the token is poised to carve out a significant presence in the crypto space. Stay updated as Blum’s journey unfolds.
XRP Rallies Following Ripple's Commitment to Invest in Rebranded Bitwise Fund
Ripple has announced plans to invest in the newly-rebranded Bitwise Physical XRP ETP, providing a strong boost to XRP’s market performance. The token’s price has surged by 7.2% to reach $1.43, according to CoinGecko, marking a 26.8% increase over the past week.
Previously known as the European XRP ETP, the fund now trades under the GXRP ticker as part of Bitwise’s comprehensive crypto asset offerings, which also include spot Ethereum and Bitcoin ETFs in the U.S. Ripple CEO Brad Garlinghouse emphasized that this move aligns with the growing demand for exchange-traded products in the crypto sector. He also highlighted how the increasingly clear U.S. regulatory landscape for crypto is paving the way for greater institutional interest.
This development further solidifies XRP’s position as a major player in the evolving digital asset ecosystem, with Ripple demonstrating its commitment to expanding XRP’s market reach.