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Anjali Belgaumkar

Anjali Belgaumkar

Grayscale and Franklin Templeton Launch XRP ETFs as Token Trades at $2.08

Two major asset managers have introduced XRP exchange-traded funds, with XRP trading near $2.08 and posting a 3% gain in 24 hours. Franklin Templeton, managing over $1.5 trillion in assets, is expected to begin with modest seed capital while attracting significant investor inflows during the opening phase.

Anjali Belgaumkar

Franklin Templeton to Launch XRP ETF on CBOE as Token Trades Near $2.23

Franklin Templeton will launch its XRP exchange-traded fund, EZRP, on the CBOE tomorrow. The asset manager oversees approximately $1.5 trillion. XRP currently trades near $2.23, with analysts watching support at $2.10 and resistance at $2.40.

Anjali Belgaumkar

Bitcoin Tests $92,500-$94,000 Support After ETF Outflows Reach $1.36 Billion

Bitcoin found buying interest in the $92,500 to $94,000 support zone after reaching oversold conditions on short-term indicators. The attempted rebound faces pressure from institutional selling, with Bitcoin ETFs recording approximately $866 million in outflows on Thursday and $492 million on Friday. BlackRock's ETF alone accounted for $463 million of Friday's withdrawals.

Anjali Belgaumkar

XRP Drops 8% After First Spot ETF Launch Despite $245 Million in Inflows

XRP fell approximately 8% following the debut of its first spot exchange-traded fund on Nasdaq, despite attracting $245 million in inflows on its launch day. The decline surprised market participants who had anticipated an immediate price rally after the ETF's introduction. Trading volume reached nearly $60 million during the initial session.

Anjali Belgaumkar

Canary Capital's XRP ETF Records $26 Million Volume on Second Trading Day

Canary Capital's spot XRP exchange-traded fund (XRPC) recorded $26 million in trading volume during its second session on November 20, following a $58 million debut. The fund, which holds physical XRP and tracks the CF XRP-USD Index, trades on Nasdaq amid market volatility that pushed XRP down 7.3% to $2.22.

Anjali Belgaumkar

First Spot XRP ETF Expected to Launch Within Two Weeks

The first spot XRP exchange-traded funds are expected to go live within the next two weeks, according to Nate Geraci, President of NovaDius. The development follows the conclusion of the SEC's five-year litigation against Ripple three months ago. Canary Capital has removed the SEC delay clause from its S-1 filing, potentially clearing the path for a Nasdaq listing on November 13.

Anjali Belgaumkar

Bitcoin May Drop Below $100,000 Before Year-End Rally, Bitwise CIO Says

The cryptocurrency market posted slight declines, with Bitcoin trading at $110,204 and total market capitalization at $3.7 trillion. Bitwise CIO Matt Hougan said Bitcoin could temporarily fall below $100,000 but expects a new all-time high before year-end, driven by institutional portfolio rebalancing.