XRP, the third-largest cryptocurrency, saw a significant jump in its most important metric on Dec. 14: Open Interest (OI) in XRP rose 13.3% to $3.77 billion, according to data provided by
CoinGlass.
open interest data is a derivative. It helps measure the total number of open contracts in the market and gives traders a realistic idea of how much exposure they have to an asset.
#SHIB burn rate up 515.33% - will prices follow?
Solana (SOL) is important, and here's why; support for the important SHIB (SHIB) has held and a hidden #XRP volume pattern is forming?
XRP trading volume also #rose 8.87% to $12.83 billion and the price soared to $2.53, but a correction soon followed. At the time of writing, XRP is trading at $BTC will there be an XRP #ETF soon?
According to U. S. Today, Bitwise and companies such as Canary Capital are already offering several spot ETF products.
The head of ETFs at BlackRock denied recent speculation about the company's plans to apply for an XRP ETF.
U. S. regulators, particularly the SEC, have until the end of next year to
According to U. Today, asset management firm Wisdom Tree did apply for a spot ETF for XRP in late November. Several other financial managers such as Bitwise, 21Shares and Canary Capital have also filed similar applications this year.
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