Institutional Investors Continue to Bet Big on XRP Following Ripple's Partial SEC Win
Institutional investors continue to show interest in cryptocurrencies beyond Bitcoin, with Ripple's XRP attracting significant investment. CoinShares reports that assets under management for XRP products have risen by 127% since the beginning of the year, with $11.25 million invested in XRP since the start of 2023. This optimism is driven by recent developments in the legal battle between Ripple Labs and regulators, where a federal district judge ruled that programmatic sales of XRP to retail investors did not qualify as securities. As a result, the price of XRP has surged, and Ripple Labs expects U.S. banks to resume using its On-Demand Liquidity product.
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Institutional Investors Continue to Bet Big on XRP Following Ripple's Partial SEC Win
Institutional investors continue to show interest in cryptocurrencies beyond Bitcoin, with Ripple's XRP attracting significant investment. CoinShares reports that assets under management for XRP products have risen by 127% since the beginning of the year, with $11.25 million invested in XRP since the start of 2023. This optimism is driven by recent developments in the legal battle between Ripple Labs and regulators, where a federal district judge ruled that programmatic sales of XRP to retail investors did not qualify as securities. As a result, the price of XRP has surged, and Ripple Labs expects U.S. banks to resume using its On-Demand Liquidity product.