Grayscale's CoinDesk Crypto 5 ETF reduced its XRP holdings by 27.1% from 16.87 million to 12.3 million tokens in fiscal 2026, as revealed in a recent SEC filing. The fair value of XRP in the fund fell sharply by 67%, from $39.14 million to $12.83 million, driven by fund redemptions, management fees, and a significant unrealized depreciation of $28 million. Despite the decline, XRP remains the fourth-largest asset in the ETF, comprising 4.15% of net assets. This reduction reflects portfolio adjustments and market conditions rather than a strategic exit from XRP by Grayscale, which continues to see potential growth in XRP ETF adoption.
Market analyst Mickle suggests XRP is undervalued and could see a sharp repricing due to Ripple's increased visibility among US policymakers and reduced regulatory uncertainty. Ripple's CEO's proximity to key US officials signals growing credibility ...
The IMF has confirmed that El Salvador's recent Bitcoin accumulation was funded by private donations, not public money, resolving questions about compliance with IMF program restrictions. However, the identities of the donors remain undisclosed, leav...
Ripple CEO Brad Garlinghouse expressed optimism that the US can become the global center for cryptocurrency following a White House meeting with major crypto firms and regulators. The meeting, attended by leaders from Coinbase, Robinhood, Nasdaq, and...
Bitcoin surged 6.8% to $82,200, its highest level since May, following dovish comments from Federal Reserve Governor Christopher Waller that reduced expectations of a September rate hike. This shift weakened the US dollar and boosted risk assets, lif...
Ripple CEO Brad Garlinghouse said the US can still become the global center for cryptocurrency, urging lawmakers to finalize regulations. This follows a White House meeting with crypto and financial leaders, emphasizing the administration's support f...
