The launch of the XRPR ETF in the U.S. and Ripple's new partnership with DBS Bank and Franklin Templeton have driven XRP's price up by 3.6%, reaching $3.12. The XRPR ETF offers institutional-style exposure to XRP, potentially increasing market liquidity. Meanwhile, the collaboration introduces tokenized-collateral repo markets on the XRP Ledger, enhancing institutional access and transaction volume. These developments mark significant progress towards broader institutional adoption of XRP.
XRPR ETF Launch and Ripple Partnership Propel XRP Price by 3.6%
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.