The Currency analytics
By Pankaj K
XRP ETFs smashed records Thursday. Trading volume exploded across major exchanges as investors piled into cryptocurrency-backed products, with January 30 marking the biggest…
NASDAQ alone saw XRP ETF transactions jump 25% compared to the previous week, while NYSE reported similar spikes in activity.
Grayscale Investments felt the heat too, with CEO Michael Sonnenshein saying his firm fielded tons of calls about their XRP offerings.
XRP itself climbed to $0.75 by market close. That's a solid 10% gain from Wednesday's price, and traders think there's more room to run.
But the regulatory picture stays murky. The SEC dropped hints about revisiting crypto rules, though nobody knows what that actually means yet.
CEO Hunter Horsley said inquiries about XRP products shot up 30% on Thursday alone. "We're getting calls from family offices, pension funds, even some sovereign wealth managers,"…
Other crypto ETFs caught some spillover demand. Ethereum funds saw moderate bumps in trading volume, while Bitcoin ETFs posted decent gains without matching XRP's explosive…
The CFTC threw another wrinkle into the mix. They announced a February 15 public meeting to hash out cryptocurrency ETF implications, which could shake up the whole landscape…
Ripple Labs stayed quiet about the trading surge. The company didn't issue any statements or hold press calls, sticking to their usual strategy of letting the market speak for…
Trading desks across Wall Street are still processing what happened Thursday. Volume numbers that big don't appear overnight without serious institutional backing, suggesting…
Several exchanges reported system slowdowns during peak trading hours as their infrastructure struggled with order volume.
BlackRock's iShares XRP Trust led the charge with over $2.1 billion in assets under management flowing in during Thursday's session.
Meanwhile, Fidelity's crypto division reported similar inflows across their XRP-linked products.