• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Mainstream Adoption of Crypto Assets: XRP in the Spotlight with ETF Success

user avatar

by Giorgi Kostiuk

a year ago

Bitwise discusses the mainstreaming of cryptocurrencies, highlighting XRP as a promising asset amid the success of Bitcoin and Ethereum spot ETFs.

Significant Investor Interest

Bitwise notes significant retail interest in XRP, supported by a survey from EY. XRP ranks among the top 4 cryptocurrencies by retail investor allocation, indicating potential interest in spot XRP ETFs filed in the US.

Impact of US Administration Change

Bitwise emphasizes that XRP could benefit from the change in US administration and reduced regulatory uncertainty. Gary Gensler is set to step down as SEC chairman in January 2025. Since the election, XRP has surged by 188%.

XRP's Real Use Cases

XRP is widely used for cross-border payments. Ripple's partnerships with SBI Remit and MoneyMatch enable instant cross-border payments. XRP can finalize payments in 4 seconds and handle up to 1,500 transactions per second, significantly impacting the cross-border payments market.

Bitwise views XRP as having significant growth potential and potentially being among the next cryptocurrencies approved for spot ETFs in the US. Ripple's strategic investments in XRP-based ETPs draw attention to its potential for institutionalization.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Edge Computing Revolutionizes AI and Web3 Infrastructure

chest

Edge computing is transforming the distribution of computing resources, significantly impacting AI and Web3, with a focus on lower latency and improved efficiency in real-time data processing.

user avatarLi Weicheng

Potential for ZEC to Reach 500 by 2025

chest

Analysts suggest that ZEC could reach 500 before the end of 2025, contingent on post-news follow-through and market conditions.

user avatarAisha Farooq

Hyena Launches Innovative Perpetual Trading Platform with Native Yield

chest

Hyena launches a unique perpetual trading platform that allows users to earn native yield on their positions using USDe as collateral, transforming the dynamics of crypto derivatives trading.

user avatarTenzin Dorje

Obol Network's DVT Demonstrates Resilience in Pilot with Lido

chest

Lido's pilot on Ethereum Goerli testnet using Obol's Distributed Validator Technology (DVT) showcased high performance and resilience, even when some nodes went offline.

user avatarMohamed Farouk

Obol Network Gains Traction Among Institutional Validators and DAOs

chest

Obol Network's Distributed Validator Technology (DVT) is gaining traction among institutional validators and DAOs, reflecting growing trust in decentralized staking infrastructure.

user avatarBayarjavkhlan Ganbaatar

Obol Network Introduces Distributed Validator Technology to Enhance Ethereum Staking

chest

Obol Labs has developed the Obol Network to mitigate centralization risks in Ethereum staking through Distributed Validator Technology (DVT).

user avatarElias Mukuru

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.