Shares of four U.S. spot XRP ETFs from Grayscale, Canary, Franklin, and Bitwise are being pledged as collateral in repurchase agreements worth nearly $4 billion by a Charles Schwab money market fund. This marks a significant increase in XRP ETF collateral from just $35,973 in April to over $8 million by August 31, reflecting growing institutional acceptance. The collateral is used in short-term lending, not direct ETF purchases, signaling that XRP ETFs are becoming part of mainstream short-term funding markets. This development comes amid regulatory progress for XRP, with a Senate vote on the CLARITY Act and recent SEC recognition of XRP as a commodity, making upcoming filings important to watch.
XRP exchange-traded funds (ETFs) showed increased institutional use and investor interest on Sept. 8, with $11.39 million in XRP ETF shares reported as collateral in Charles Schwab's repo agreements involving JPMorgan and BofA Securities. Separately,...
Charles Schwab's recent filing revealed nearly $4.8 million worth of XRP ETF shares used as collateral in its Prime Advantage Money Fund, including products from Grayscale, Canary, and Franklin. This does not confirm direct purchases by Schwab but hi...
The Canary Staked TRX ETF (TRXS) has launched on the Cboe exchange, marking the first U.S. ETF to offer staked exposure to TRON's native token, TRX. The fund stakes nearly all its TRX holdings, reinvesting 80% of staking rewards back into the fund's ...
Ripple's chief legal officer, Stuart Alderoty, is lobbying undecided U.S. senators to meet everyday crypto holders ahead of the Sept. 15 cloture vote on the CLARITY Act. The bill aims to create a federal framework for digital assets, splitting oversi...
XRP's price climbed 3.8% to $1.43, showing strong weekly gains amid positive technical signals like a descending triangle and bull flag patterns. Analysts highlight key resistance levels at $1.40 and $1.50, with potential breakouts possibly driving p...
