The approval from the DFSA marks a crucial step forward for Ripple as it aims to expand its operations in a rapidly growing market. The UAE has embraced new technologies and established a regulatory environment that supports blockchain and cryptocurrency companies.

The U.S. Securities and Exchange Commission (SEC) faces an Oct. 7 deadline to decide whether to appeal the Ripple court ruling, which declared that secondary XRP sales were not securities.

After unlocking another 1 billion XRP from the initial distribution escrows on October 1, Ripple prepares for another monthly sell-off. For this month, traders and investors can initially expect a 200 million XRP sale with a potential negative price impact.

Ripple Labs has continued intensifying its RLUSD stablecoin testing efforts with daily minting sessions. While the exact motive behind its beta testing remains unknown, data from the Ripple Stablecoin Tracker shows that 2,450,000 RLUSD has been minted thus far in October.

Investment banking firm Houlihan Lokey has identified payments technology firm and XRP issuer Ripple as one of the potential challengers to the global banking messaging network Swift. In a market update report from April 2024, the firm mentioned Ripple and some fintech firms as competition to Swift in the cross-border payments category.

Bitwise confirmed that its application of XRP ETF is legitimate thereby driving excitement in the market/ However, the XRP price moved down amid the broader market correction following Israel-Iran war-like situation.

Bitwise Investments has taken its first steps toward a potential XRP exchange-traded fund (ETF), with a filing on 30 September 2024 in Delaware. Listed under the State of Delaware's Division of Corporations, the filing was confirmed by a Bitwise spokesperson to Cointelegraph.

XRP, the seventh-biggest cryptocurrency by market capitalization, has so far failed to experience a price rally despite the recent ETF buzz. The token is down more than 4% over the past 24 hours, failing to buck the broader bullish trend.

The price of the crypto does not reflect a particular enthusiasm of the investors.

Bitwise has confirmed plans to launch an XRP exchange-traded fund (ETF), confirming the authenticity of an application with the state of Delaware.

The Dubai Financial Services Authority (DFSA) granted Ripple an in-principle approval to expand its services from the Dubai International Financial Centre (DIFC), effectively unlocking the firm's end-to-end payment services in the UAE.

It appears that XRP whales are on a buying spree and possibly taking advantage of the recent market fall. On October 1, 2024, a prominent crypto expert made a post on X (Previously Twitter) that several XRP whales have begun accumulating tokens on a large scale.

Ripple's XRP token amassed close to $1 billion in open interest over the weekend, while its price hovers around $0.61 at press time, data from CoinGlass shows. What's Different About XRP Price Action?

Asset manager Bitwise submitted a filing for an XRP exchange-traded fund (ETF) to Delaware's Division of Corporations on Sept. 30. This filing includes the registration for establishing a Delaware statutory trust, which is a business-oriented trust legally recognized in the state.

A new filing for a Bitwise XRP exchange-traded fund (ETF) has surfaced on the Delaware Division of Corporations.

Bitwise has applied for an XRP ETF in the state of Delaware. An anonymous spokesperson has apparently confirmed that the application is genuine.

XRP price extended losses and tested the $0.5785 support level. The price is now attempting a fresh increase and facing hurdles near $0.620.

As the SEC case unfolds and the market anticipates Gary Gensler's next move, many are asking just how high XRP could go by 2025. According to analyst Cheeky Crypto, a key factor in XRP's price performance is market liquidity. Since 2022, XRP has shown a highly liquid market characterized by relatively stable price action.

"Keep an eye out for the latest updates, and stay vigilant against scams," Ripple's team advised.

Bitwise spot XRP ETF has been proposed with Delaware's Division of Corporations, despite no U.S. approval for XRP ETFs yet.

In a groundbreaking move, cryptocurrency index fund manager Bitwise Asset Management filed for an XRP (CRYPTO: XRP) exchange-traded fund (ETF), a first for the U.S. market. What Happened: Bitwise submitted the ETF filing on Monday to Delaware's Department of State's Division of Corporations.

XRP price has once again rallied past the $0.62 mark today, after witnessing a decline to below the $0.59 level recently. Notably, the surge in the price came in as Bitwise filed for a Spot XRP ETF, which has sparked widespread discussions in the market.

SEC's potential appeal could significantly delay regulatory clarity for XRP and impact the broader crypto ETF landscape. The post Bitwise's XRP ETF bid likely to fail if SEC appeals Ripple case on Oct. 7 : Galaxy Digital Head of Research appeared first on Crypto Briefing.

Bitwise files for XRP-spot ETF, fueling optimism, but SEC appeal uncertainty looms over market impact.

Bloomberg analyst Eric Balchunas has hinted that a potential Donald Trump victory in the upcoming U.S. presidential election could influence the fate of XRP and Solana ETFs. This comment follows Bitwise's recent steps toward creating an XRP ETF by registering a trust entity in Delaware.

XRP market sentiment demonstrates bullish optimism but market data signals a decline in both bullish and bearish volumes.

Asset management firm Bitwise has filed for a spot XRP exchange-traded fund (ETF) with the Delaware Division of Corporations. While this does not confirm an immediate filing with the U.S. Securities and Exchange Commission (SEC), it aligns with Ripple CEO Brad Garlinghouse's positive outlook on the future of XRP ETFs.

The price of the native token of the XRP Ledger, XRP, is up more than 11% over the past month after whales accumulated more than 470 million tokens in just 10 days in a buying spree that came shortly after Grayscale Investments announced the launch of its Grayscale XRP trust.

Crypto native asset manager Bitwise is moving toward creating an exchange-traded fund tracking XRP, the token closely associated with crypto company Ripple.

As Ripple approaches a resolution in its ongoing legal dispute with the US Securities and Exchange Commission (SEC), crypto asset manager Bitwise Invest has taken a significant step by filing the first application for an spot XRP ETF in Delaware.

Asset manager Bitwise filed for an XRP exchange-traded fund (ETF) on Sept. 30 with Delaware's Division of Corporations.

XRP whale movements and market activity suggest an imminent breakout, with bullish sentiment prevailing.

XRP is back in the limelight once again, catching a rising tide of bullish vibes in the cryptocurrency marketplace. The token went steadily up last week but managed to make an even bigger leap over the weekend.

Crypto index fund manager Bitwise has filed for a spot exchange-traded fund that would give investors exposure to the token XRP.

Bitwise aims to launch an XRP ETF, confirming to Decrypt that the filing with the state of Delaware is legitimate.

The price of XRP fell by 5% today following Ripple's release of 1 billion XRP coins from its escrow wallet. The significant unlocking of these coins has raised concerns among investors, particularly in light of XRP's recent price movements and overall market conditions.

Asset manager Bitwise has reportedly filed a spot exchange-traded fund for Ripple (XRP), the seventh-largest crypto by market cap. Bitwise's XRP ETF application was filed on Sept.

Wealth manager Bitwise has registered a Delaware Trust for a fund that would track Ripple's native cryptocurrency, XRP.

The crypto-focused asset manager filed the exchange-traded fund application in the state of Delaware.

The crypto-focused asset manager confirmed filing the XRP exchange-traded fund trust registration with the state of Delaware.

Bitwise's XRP ETF filing could signal further integration of digital assets into traditional finance, despite potential regulatory hurdles. The post BREAKING: Bitwise files for XRP ETF via Delaware trust appeared first on Crypto Briefing.

Bitwise, the leading crypto index fund manager, has filed for an XRP exchange-traded fund in the state of Delaware, according to Fox Business reporter Eleanor Terrett.

A well-known crypto analyst has doubled down on their ultra-bullish forecast for Ripple's cross-border payments token, XRP. Javon Marks has once again predicted that XRP's price will skyrocket to the coveted $200 zone, representing an over 3,000% growth from its current price point.

Ripple Labs, the San Francisco-based payment technology company, has unlocked 1 billion XRP tokens from its escrow. Valued at approximately $621.78 million, this action has been executed in three separate transactions, raising questions about its implications for the broader market and the future of XRP.

XRP tests a crucial supply level after days of choppy price action, showing signs of strength as it prepares for a potential breakout. The price has surged approximately 13% since Friday, putting it within striking distance of the key psychological level at $0.65.

As Ripple braces for a crucial SEC decision, will XRP price manage to maintain its $0.60 support level, or are further drops on the horizon?

Ripple's recent regulatory approval in Dubai brings the company closer to establishing its presence in the Middle East's growing crypto market.