• 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

Bybit Expands Payment Solutions in Peru with Bybit Pay

chest

Bybit has launched Bybit Pay in Peru, integrating with popular digital payment platforms Yape and Plin to enable cryptocurrency payments.

user avatarMaya Lundqvist

Project Eleven Secures $20 Million in Series A Funding

chest

Project Eleven, a leader in postquantum security, has raised $20 million in a Series A funding round to enhance digital asset security.

user avatarLeo van der Veen

Project Eleven Collaborates with Leading Protocols for Postquantum Readiness

chest

Project Eleven is collaborating with the Solana Foundation and other leading protocols on postquantum readiness planning and technical work.

user avatarLi Weicheng

Bitcoin's Unique Economic Model Compared to Gold

chest

In her latest report, Cathie Wood draws a critical distinction between Bitcoin and gold, emphasizing Bitcoin's fixed supply of 21 million coins compared to gold's elastic supply through mining.

user avatarAisha Farooq

South Korea Changes Corporate Cryptocurrency Tax Valuation Method

chest

On January 16, 2025, South Korean authorities announced a significant change in the valuation methodology for corporate cryptocurrency transactions, shifting from FIFO to total average to simplify compliance and reflect trading patterns.

user avatarBayarjavkhlan Ganbaatar

Aave Maintains Stability and Prepares for Major Growth in 2026

chest

Aave shows stability in decentralized finance with plans for significant growth in 2026.

user avatarTenzin Dorje

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.