This Huge New Catalyst Just Made XRP Pop 12% in 1 Day, But Is It a Buy?
Despite falling by about 20% during the past 30 days, XRP (CRYPTO: XRP) just got a key green light that sent its price soaring by 12% on Feb. 13, with further gains in the days that followed. The best part is that there's now reason to believe that even more growth might be on the way, provided that a few new potential catalysts play out as anticipated.But what exactly is going on here, and does any of it make the coin a must-buy compared to its appeal to investors before?In late January, the asset manager Grayscale Investments filed with the Securities and Exchange Commission (SEC) to convert its over-the-counter (OTC) traded XRP trust into an exchange-traded fund (ETF). On Feb. 13, the SEC formally accepted the application, marking a major regulatory shift in how the agency chooses to engage with applications for cryptocurrency ETFs, specifically for hypothetical XRP-holding ETFs, which it had eschewed until now.Continue reading
Despite falling by about 20% during the past 30 days, XRP (CRYPTO: XRP) just got a key green light that sent its price soaring by 12% on Feb. 13, with further gains in the days that followed. The best part is that there's now reason to believe that even more growth might be on the way, provided that a few new potential catalysts play out as anticipated.
But what exactly is going on here, and does any of it make the coin a must-buy compared to its appeal to investors before?
In late January, the asset manager Grayscale Investments filed with the Securities and Exchange Commission (SEC) to convert its over-the-counter (OTC) traded XRP trust into an exchange-traded fund (ETF). On Feb. 13, the SEC formally accepted the application, marking a major regulatory shift in how the agency chooses to engage with applications for cryptocurrency ETFs, specifically for hypothetical XRP-holding ETFs, which it had eschewed until now.
