Institutional XRP ETF Boom Looms as DTCC Adds Five Listings, Analysts Map $10...
Momentum for institutional adoption of XRP has surged as the Depository Trust & Clearing Corporation (DTCC) added five spot XRP exchange-traded funds (ETFs) to its database, marking a key pre-launch milestone. Related Reading: MEXC Users At Risk Of Losing Their Crypto? Ex-Public Advisor Exposes ‘Structural Rot’ The listings include products from Bitwise, Franklin Templeton, 21Shares, Canary Capital, and CoinShares, all of which are categorized as “active and in the pre-launch stage.” DTCC Lists Five Spot XRP ETFs, Signaling Institutional Readiness While the U.S. Securities and Exchange....
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The recent delisting and subsequent relisting of BlackRock’s iShares Bitcoin Trust exchange-traded fund (ETF) by the Depository Trust and Clearing Corporation (DTCC) has caused a stir in the cryptocurrency market. The sudden removal of the ETF from the DTCC’s listings on Tuesday, coupled with the temporary unavailability of the DTCC website, led to a significant […]
The HYPE price has rebounded sharply, recovering from recent volatility that saw a $44 million whale liquidation earlier this week, which rattled traders. After plunging to around $36, the HYPE price surged over 7% in the past 24 hours, now trading around $40 as bullish sentiment returns. Related Reading: 84% Of XRP Sell Pressure Comes From Korea As $2 Looms, Analyst Warns The rally follows its landmark listings on Binance and Coinbase, a move that has sparked renewed confidence in the fast-rising DeFi Layer 1 network. According to on-chain data from Coinglass, funding rates have flipped....
Digital currency startup Ripple Labs has appointed Donald Donahue, former CEO of the Depository Trust & Clearing Corporation (DTCC) as an advisor to the company. DTCC is the main clearing house for US securities and derivatives, processing more than $1.6 quadrillion in transactions per year. In his role as COO and then CEO, Donahue is thought to have led the DTCC's efforts in stabilising the financial system following the 2007-08 market crash. Donahue said in a company statement:
The listing of BlackRock’s Bitcoin ETF on DTCC has raised the hopes of many crypto enthusiasts on the potential approval of spot BTC ETFs. However, a renowned ETF expert has discouraged this optimism, stating that the recent DTCC listing has no significance. BlackRock DTCC Listing Downplayed Chief Executive Officer of Armada ETFs, Phil Bak took […]
The Depository Trust & Clearing Corporation (DTCC) has officially listed nine XRP ETFs, signaling that institutional appetite for Ripple’s native token is accelerating. The listings include both futures-based and spot-based products, suggesting that the first U.S. spot XRP ETFs may debut this month despite ongoing regulatory delays. Related Reading: Market Maker Balancer Compromised: Key Facts […]