XRP's price dropped 3% to $2.01 in the last 24 hours, despite a 4% increase in trading volume to $4.15 billion. This decline comes as the Cboe approved 21Shares' XRP ETF, trading under the ticker TOXR, which still requires final approval from the SEC. Ripple has seeded the ETF with 100 million XRP, valued at $226 million. According to Ripple CEO Brad Garlinghouse, U.S. spot XRP ETFs have attracted nearly $954 million in inflows in less than a month.
XRP Price Declines 3% as Ripple's Fifth ETF Awaits SEC Approval
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