XRP Price Jumps 8% As Grayscale Introduces First Fund, ETF Speculation Grows

Quick Summary:

The XRP price experienced a notable upswing on Thursday, reaching a three-week high of $0.

Notably, an ETF necessitates approval from the Securities and Exchange Commission (SEC) as it caters directly to retail investors.

Despite the spike at the time of the announcement, the XRP price has fallen back to $0.570 as speculation grows for an ETF to invest in the seventh largest cryptocurrency on the market.

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Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets: HungaryUnited States

Topics: XRP ETF news XRPUSDT XRP ETF XRP news Grayscale Spot XRP ETF XRP XRP price Breaking News Ticker Grayscale fund Crypto Crypto news

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-12 @ 14:53:57 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 293 words

Reading Time: 2 minutes read

Sentences: 23 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22473402

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