XRP News Today: Institutions Enter Crypto While DeFi Remains a Speculative Arena—Investors Stand at a Critical Juncture
- 21Shares filed a spot XRP ETF with the SEC, triggering a 20-day review period that could auto-approve by November 27 if regulators take no action. - The ETF, structured as an investment trust tracking CME CF XRP rates, aligns with broader industry momentum as multiple firms submit XRP ETF applications. - SEC policy changes under Chair Gensler reduced review periods for crypto ETFs from 240 to 75 days, accelerating potential approvals like 21Shares' proposal. - Meanwhile, DeFi project Mutuum Finance (MUTM
21Shares has submitted an application to the U.S. Securities and Exchange Commission (SEC) for a spot
This filing comes amid a wave of similar applications from companies like Franklin Templeton and Grayscale, reflecting a broader industry trend. The SEC, under Chair Paul Atkins, shortened the review period for spot crypto ETFs from 240 days to 75 days in September, according to a
XRP has demonstrated stability, trading at $2.32 in early November with a 4.2% increase over 24 hours, despite a 7% drop over the past week, Coinotag reports. Market observers believe that approval of the ETF could attract more institutional investment to XRP, similar to the impact seen with
As competition for the XRP ETF heats up and alternative coins like MUTM attract attention, investors must choose between regulated crypto investments and the potential for outsized returns in DeFi. The upcoming weeks will reveal whether institutional involvement can spark broader optimism in the market, or if volatility will continue amid ongoing regulatory and technical challenges.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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XRP News Today: XRP's Strong Fundamentals Face Off Against Death Cross—Will Institutional Investment Trigger a Recovery?
- XRP fell to $2.32 as technical indicators showed a death cross and bearish patterns, despite RLUSD's $1B supply milestone. - ETF filings by Bitwise and 21Shares could boost institutional liquidity, but U.S. government shutdown delays regulatory approvals. - Market sentiment remains cautious (Fear & Greed Index at 31) amid Bitcoin's downtrend dragging altcoins lower. - Analysts split between $1.9 support retests and potential rebounds above $2.40-2.50, with RSI at neutral 49.98.
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