JPMorgan Chase disclosed a $355.7 million stake in Blackrock's spot Bitcoin exchange-traded fund (ETF) in its latest quarterly filing, alongside fresh XRP and ether exposure, even as the broader Bitcoin ETF market logged a $61 million outflow the same week. JPMorgan's Bitcoin, Ether Holdings Climb in Q2 JPMorgan Chase & Co.
Ripple's XRP token is exchanging hands near $1.009 this Friday, maintaining stability at the $1.00 threshold following its most bearish daily closing price since November 2024. The digital asset has experienced approximately a 69% drawdown from its January 2025 apex of roughly $3.30.
Ripple's XRP is hovering around $1.009 on Friday, establishing stability at the $1.00 threshold following its lowest daily closing price since November 2024. The digital asset has experienced a decline of roughly 69% from its January 2025 peak of approximately $3.30.
Top cryptocurrencies nurse losses as regulatory picture sours. ETF flows and traditional markets offer little support.
XRP price is hovering around $1, but whale activity is giving the market a different story.
Bank of Montreal's $303.65 billion consolidated securities filing reports $2,970 of XRP fund shares, split between two exchange-traded products. The disclosure traces both positions to a controlled investment adviser without identifying their beneficial owner.
XRP closed near $1 on Aug. 13, about 69% below its January 2025 peak. Daily active addresses rose roughly one-third in August, while new-address creation remained virtually unchanged from July. XRP Price Weakness Collides With Higher Ledger Activity XRP traded near $1 on Aug.
XRP has continued to decline due to weakened fundamentals and intense selling pressure.
XRP's price at closing will determine how many Evernorth shares investors receive under the amended transaction. Based on Aug. 13 prices, fewer shares are expected, giving each Armada II share a larger interest in Evernorth's XRP treasury.
Nearly 992.5 million XRP have been locked out of circulation through seven investment funds that offer institutional exposure to the asset without the need to acquire it directly. Data from SosoValue corresponding to Thursday, August 13 indicates that cumulative net flows into these products have already reached $1.
The richest XRP HODLers are now clinging on to the OG altcoin with rising activity, but not without a twist.
XRP holders now have a new tool within the Flare ecosystem: the integration between the Flare network and decentralized exchange Derive allows using FXRP —the token representing XRP on the Flare blockchain— as collateral to trade options and perpetual futures. The mechanism works through Flare's FAssets bridge, which converts tokens such as Bitcoin, XRP and Dogecoin into ERC-20 assets within the network.