XRP, a crypto asset focused on payments, has experienced a sudden surge in price, surpassing the market cap of Solana (SOL) and Tether’s USDT after showing strong performance in the market.
On Monday, XRP reached a price of $2.81, subsequently retracting to $2.68, marking a remarkable 424% increase in the last 30 days.
Currently, XRP boasts a market cap of $152.5 billion and a fully diluted valuation of $257.4 billion, solidifying its position as the third-largest crypto asset.
Recent reports from Fox News’ Eleanor Terret revealed that WisdomTree, a global ETF giant, has filed for a spot XRP ETF product in Delaware.
The official filings with the SEC for WisdomTree’s “WisdomTree XRP fund” have been released, aiming to provide investors exposure to XRP through shares issued on the Cboe BZX Exchange, with Coinbase acting as the fund’s custodian.
Additionally, asset manager 21Shares has filed a Form S-1 registration statement with the SEC for a proposed product named “the 21Shares Core XRP Trust,” a passive investment vehicle tracking XRP’s price.
XRP reached an all-time high of $3.40 in January 2018.
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