Bitwise’s XRP spot ETF has surpassed 500 million dollars in assets under management just nine months after launch, with US spot XRP ETFs attracting a record 1.66 billion dollars in cumulative net inflows. Ripple and SettleMint launched a partnership to allow regulated financial institutions to custody, issue, and manage tokenized assets through an integrated system, initially targeting Asia. Evernorth is moving closer to a Nasdaq listing under the ticker XRPN after the SEC declared its registration statement effective, with over one billion dollars in gross proceeds from investors including Ripple, SBI Holdings, and Pantera Capital. XRP is currently trading around 1.35 dollars with a market capitalization near 85 billion dollars, with analysts divided between a target of 1.70 dollars and the risk of a drop below 1.30 dollars.
Source: Read the original article
