Ripple Prime, the brokerage arm of Ripple, has begun providing swap financing to leveraged exchange-traded funds (ETFs), a service traditionally offered by major banks. This move allows Ripple Prime to earn steady fees by facilitating total return swaps for leveraged ETFs like the Tradr 2X Long SNDK Daily ETF, which pays Ripple an annualized fee of about 8% of its assets. Ripple expanded into prime brokerage through its $1.25 billion acquisition of Hidden Road and has raised significant capital to support this business. The development marks Ripple's growing footprint in institutional finance beyond its digital currency XRP, which showed little price reaction to the news.
Despite Ripple's expansion into leveraged ETF financing, XRP's price on Pluang stands at Rp25.308 as of Oct 08, 2026 16:51 WIB, down 2.50% over the past day. This contrasts with its strong market presence, holding a market cap of Rp1.591,41T and a high buy order activity of 84%, indicating sustained investor interest even as the price dips. XRP's circulating supply is at 64% of its total, with typical holders on Pluang maintaining positions for about 71 days.
On October 8, the total cryptocurrency market capitalization dropped by 4.39% to $2.80 trillion, with Bitcoin falling 1.59% to $82,216. Other major coins also declined: Ether decreased 1.55% to $2,527, XRP fell 3.53% to $1.39, and Solana dropped near...
A debate has emerged between Ripple CTO Emeritus David Schwartz and Flare CEO Hugo Philion over the potential size of XRP Ledger lending, a new feature allowing users to lend and borrow assets directly on the blockchain. While validators are still vo...
Cardano (ADA) recently fell 10.68% after a post-quantitative-tightening pullback, trading between its 20-week and 50-week moving averages. Analyst Dan Gambardello notes this pattern resembles early 2020 before the COVID-19 crash but cautions the curr...
XRP is showing signs of a weekly recovery, trading around $1.41 and holding about 9% above its key support at $1.275. The price pattern suggests an inverse head-and-shoulders formation, with a potential breakout above $1.575 that could push XRP towar...
U.S. spot XRP exchange-traded funds held about $1.697 billion in net assets as of October 6, with combined net inflows of $3.14 million that day. This inflow is significantly lower compared to the $75.6 million recorded during the September 21-25 wee...
