21Shares Boosts XRP Holdings Amid SEC Verdict
ETF issuer increases XRP holdings in US ETFs following positive court ruling
In a move that could have significant implications for the XRP community, 21Shares has increased its holdings of XRP in US-based exchange-traded funds (ETFs). This decision comes on the heels of a recent court ruling that brought some much-needed clarity to the regulatory landscape surrounding Ripple's XRP token. According to reports, 21Shares' improved confidence in XRP's fundamentals is also a contributing factor to this move. The issuer cites four key reasons why investors should take notice of XRP, including its improving fundamentals and the SEC verdict. As a result, XRP prices have seen a minor uptick, with the token currently trading at 1.3632 RLUSD. While the impact on the broader market is still uncertain, this development could be a positive sign for XRP/RLUSD traders, who may see increased buying pressure in the coming days.
Sources
CR CryptoPotatocryptopotato.com UT U.Today
u.today
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