Altcoins News
By Pankaj K
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XRP ETFs smashed records Thursday. Trading volume exploded across major exchanges as investors piled into cryptocurrency-backed products, with January 30 marking the biggest…
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NASDAQ alone saw XRP ETF transactions jump 25% compared to the previous week, while NYSE reported similar spikes in activity.
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Grayscale Investments felt the heat too, with CEO Michael Sonnenshein saying his firm fielded tons of calls about their XRP offerings.
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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.
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But the regulatory picture stays murky. The SEC dropped hints about revisiting crypto rules, though nobody knows what that actually means yet.
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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,"…
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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…
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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…
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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…
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Trading desks across Wall Street are still processing what happened Thursday. Volume numbers that big don't appear overnight without serious institutional backing, suggesting…
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Several exchanges reported system slowdowns during peak trading hours as their infrastructure struggled with order volume.
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BlackRock's iShares XRP Trust led the charge with over $2.1 billion in assets under management flowing in during Thursday's session.
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Meanwhile, Fidelity's crypto division reported similar inflows across their XRP-linked products.
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