XRP Experiences Surge as 21Shares Seeks Entry with New ETF
21Shares XRP ETF Filing: 21Shares has submitted an updated prospectus for its proposed XRP ETF (TOXR), aiming for SEC approval and offering investors direct exposure to XRP through traditional brokerage accounts.
Fund Details: The ETF will be seeded with 20,000 shares priced at $25 each, raising approximately $500,000 to purchase XRP before trading begins.
Market Trends: XRP ETFs are currently experiencing significant inflows, with 16 consecutive days of net inflows totaling $923 million, contrasting with outflows in Bitcoin ETFs.
Performance Comparison: On a recent trading day, XRP ETFs attracted $38 million in net inflows, significantly outperforming Bitcoin and Ethereum ETFs, indicating strong investor interest in XRP products.
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XRP Experiences Surge as 21Shares Seeks Entry with New ETF
21Shares XRP ETF Filing: 21Shares has submitted an updated prospectus for its proposed XRP ETF (TOXR), aiming for SEC approval and offering investors direct exposure to XRP through traditional brokerage accounts.
Fund Details: The ETF will be seeded with 20,000 shares priced at $25 each, raising approximately $500,000 to purchase XRP before trading begins.
Market Trends: XRP ETFs are currently experiencing significant inflows, with 16 consecutive days of net inflows totaling $923 million, contrasting with outflows in Bitcoin ETFs.
Performance Comparison: On a recent trading day, XRP ETFs attracted $38 million in net inflows, significantly outperforming Bitcoin and Ethereum ETFs, indicating strong investor interest in XRP products.
Avalanche ETF Excitement Grows: Bitwise Introduces Fee Waiver and 'BAVA' Ticker as AVAX Surges
Bitwise's Avalanche ETF Filing: Bitwise has filed an updated S-1 with the SEC for its spot Avalanche ETF, proposing a 0.34% management fee, which will be waived for the first month or until the fund reaches $500 million in assets.
Market Reaction: Following the announcement, the price of AVAX surged over 8%, reflecting a broader recovery in the cryptocurrency market and increasing optimism about the ETF's potential.
ETF Details: If approved, the ETF will trade under the ticker BAVA on NYSE ARCA, providing exposure to AVAX and staking rewards, while tracking the CME CF Avalanche-Dollar Reference Rate index.
Recent Product Launches: This filing follows Bitwise's recent launches of the Bitwise XRP ETF and Dogecoin ETF, highlighting the firm's rapid expansion into altcoin-themed investment products.
XRP ETF Surge Begins: $14 Million in Initial Trading as Franklin Introduces XRPZ to the Competition
Launch of Franklin XRP ETF: Franklin Templeton has introduced the Franklin XRP ETF (NYSE: XRPZ), allowing investors to gain regulated exposure to XRP, a digital asset known for its efficiency in cross-border payments.
Strong Initial Trading Volume: The first hour of trading for the newly launched XRP ETFs saw a combined turnover of $13.94 million, with Bitwise leading the pack, followed closely by the Canary Capital XRP ETF and Franklin XRP ETF.
XRP's Role in Digital Portfolios: Franklin Templeton's executives emphasized XRP's significance as a foundational element in diversified digital portfolios, highlighting its regulated custody and transparency.
Part of a Broader Crypto ETF Strategy: The Franklin XRP ETF is part of Franklin Templeton's expanding digital-asset offerings, which include other ETFs focused on Bitcoin, Ethereum, and a crypto index, aiming to provide institutional-grade access to the crypto market.
XRP Experiences Surge as 21Shares Seeks Entry with New ETF
21Shares XRP ETF Filing: 21Shares has submitted an updated prospectus for its proposed XRP ETF (TOXR), aiming for SEC approval and offering investors direct exposure to XRP through traditional brokerage accounts.
Fund Details: The ETF will be seeded with 20,000 shares priced at $25 each, raising approximately $500,000 to purchase XRP before trading begins.
Market Trends: XRP ETFs are currently experiencing significant inflows, with 16 consecutive days of net inflows totaling $923 million, contrasting with outflows in Bitcoin ETFs.
Performance Comparison: On a recent trading day, XRP ETFs attracted $38 million in net inflows, significantly outperforming Bitcoin and Ethereum ETFs, indicating strong investor interest in XRP products.
Avalanche ETF Excitement Grows: Bitwise Introduces Fee Waiver and 'BAVA' Ticker as AVAX Surges
Bitwise's Avalanche ETF Filing: Bitwise has filed an updated S-1 with the SEC for its spot Avalanche ETF, proposing a 0.34% management fee, which will be waived for the first month or until the fund reaches $500 million in assets.
Market Reaction: Following the announcement, the price of AVAX surged over 8%, reflecting a broader recovery in the cryptocurrency market and increasing optimism about the ETF's potential.
ETF Details: If approved, the ETF will trade under the ticker BAVA on NYSE ARCA, providing exposure to AVAX and staking rewards, while tracking the CME CF Avalanche-Dollar Reference Rate index.
Recent Product Launches: This filing follows Bitwise's recent launches of the Bitwise XRP ETF and Dogecoin ETF, highlighting the firm's rapid expansion into altcoin-themed investment products.
XRP ETF Surge Begins: $14 Million in Initial Trading as Franklin Introduces XRPZ to the Competition
Launch of Franklin XRP ETF: Franklin Templeton has introduced the Franklin XRP ETF (NYSE: XRPZ), allowing investors to gain regulated exposure to XRP, a digital asset known for its efficiency in cross-border payments.
Strong Initial Trading Volume: The first hour of trading for the newly launched XRP ETFs saw a combined turnover of $13.94 million, with Bitwise leading the pack, followed closely by the Canary Capital XRP ETF and Franklin XRP ETF.
XRP's Role in Digital Portfolios: Franklin Templeton's executives emphasized XRP's significance as a foundational element in diversified digital portfolios, highlighting its regulated custody and transparency.
Part of a Broader Crypto ETF Strategy: The Franklin XRP ETF is part of Franklin Templeton's expanding digital-asset offerings, which include other ETFs focused on Bitcoin, Ethereum, and a crypto index, aiming to provide institutional-grade access to the crypto market.
