Grayscale seeks to convert its XRP Trust into an ETF on NYSE Arca for more liquidity.
The filing enters a 21-day comment period before the SEC decides on approval, rejection, or extension.
The US Securities and Exchange Commission (SEC) has formally
acknowledged Grayscale’s 19b-4 filing for an XRP exchange-traded fund (ETF).
The agency's action indicates that it will consider the proposal but does not
guarantee approval.
Meanwhile, the XRPUSD H1 chart indicates a bullish trend
that began yesterday. The price reached approximately 2.78000 and may continue
its upward movement for the near term.
SEC Starts XRP ETF Review Process
Grayscale plans to convert its existing XRP Trust into a
fully tradable ETF on the New York Stock Exchange (NYSE) Arca. The company
launched its XRP Trust several years ago, similar to its Bitcoin and Ethereum
trusts. If approved, the conversion would increase liquidity and accessibility
for investors.
The SEC’s acknowledgment is only the first step in the
approval process. The filing will be published in the Federal Register,
allowing a 21-day public comment period. After that, the SEC can approve,
reject, or extend the review by initiating further proceedings.
The decision follows a history of the SEC refusing to engage
with altcoin ETF applications under former Chairman Gary Gensler. Solana ETF
applications were withdrawn in recent months after the SEC declined to discuss
them. The agency has also acknowledged filings for a Dogecoin ETF, a shift from
past policies where altcoin ETF applications were typically rejected or
withdrawn.
XRPUSD Shows Bullish Momentum After Support
The XRPUSD H1 chart shows that after finding support at
2.32750, the price made a bullish move. It faced rejection around 2.50000,
followed by a bearish correction. After consolidating for a while, the price
made a strong move upward. As of now, the price remains bullish and may
continue its upward movement.
The model assigns a 70% probability of a positive legal
outcome for Ripple, which could boost investor confidence and institutional
adoption. Increased use of Ripple's ODL platform may also raise demand for XRP.
Market sentiment, especially Bitcoin's performance and global economic
conditions, will influence XRP’s price movement.
More Firms Await SEC XRP ETF Acknowledgment
Other firms, including Bitwise Invest, 21Shares, Canary
Funds, and WisdomTree Funds, have also filed for XRP ETFs. However, their
applications have not yet been formally acknowledged. Meanwhile, President Trump has nominated Paul Atkins as the
next SEC chairman. Until his confirmation, Mark Uyeda is serving as the acting
chairman.
Ripple's Key Moves: Legal, DeFi, and Partnerships
Recently, Ripple has been engaged with several notable
developments across various sectors. The company has partnered with Revolut
and Zero Hash to expand access to its RLUSD stablecoin, aiming to
strengthen its market position and challenge the dominance of USDT and USDC.
This collaboration could enhance RLUSD’s visibility in the competitive
stablecoin market.
Ripple whales have been actively acquiring XRP tokens, with
recent data showing that large
investors purchased 520 million XRP during a recent price dip. This ongoing
accumulation has drawn attention to Ripple's market activity.
The SEC’s reassignment of Jorge Tenreiro, who previously
oversaw cryptocurrency cases such as Ripple’s and Coinbase’s, has
raised questions about the agency’s approach to crypto litigation.
Tenreiro's move to the IT department has sparked speculation on how it might
affect future decisions in Ripple's ongoing legal battle.
Ripple
recently donated $100,000 in XRP to aid communities affected by California
wildfires. Through The Giving Block platform, Ripple’s donation supports
organizations like World Central Kitchen and GiveDirectly, contributing to
relief efforts.
In DeFi, Ripple
has teamed up with Chainlink to integrate RLUSD with decentralized finance
applications on Ethereum. This partnership aims to expand RLUSD’s use case,
offering trading and lending features within the DeFi ecosystem.
Ripple is exploring XRP’s
potential inclusion in a US crypto reserve, though concerns about
centralization have emerged. Ripple's David Schwartz defended the
decentralization of the XRP Ledger, emphasizing its resilience to manipulation
and its independent nature.
In Japan, Ripple
expects XRP Ledger adoption by banks by 2025, as stated by SBI CEO
Yoshitaka Kitao. This initiative aims to improve cross-border payments and
currency conversions for remittances, enhancing Japan’s financial
infrastructure.
Lastly, the XRP
Ledger (XRPL) faced a brief disruption due to an issue with its consensus
mechanism, causing validations to fail and ledgers to "drift apart."
Ripple’s CTO David Schwartz confirmed the issue was resolved after a validator
reset the consensus, restoring normal network operations.
The US Securities and Exchange Commission (SEC) has formally
acknowledged Grayscale’s 19b-4 filing for an XRP exchange-traded fund (ETF).
The agency's action indicates that it will consider the proposal but does not
guarantee approval.
Meanwhile, the XRPUSD H1 chart indicates a bullish trend
that began yesterday. The price reached approximately 2.78000 and may continue
its upward movement for the near term.
SEC Starts XRP ETF Review Process
Grayscale plans to convert its existing XRP Trust into a
fully tradable ETF on the New York Stock Exchange (NYSE) Arca. The company
launched its XRP Trust several years ago, similar to its Bitcoin and Ethereum
trusts. If approved, the conversion would increase liquidity and accessibility
for investors.
The SEC’s acknowledgment is only the first step in the
approval process. The filing will be published in the Federal Register,
allowing a 21-day public comment period. After that, the SEC can approve,
reject, or extend the review by initiating further proceedings.
The decision follows a history of the SEC refusing to engage
with altcoin ETF applications under former Chairman Gary Gensler. Solana ETF
applications were withdrawn in recent months after the SEC declined to discuss
them. The agency has also acknowledged filings for a Dogecoin ETF, a shift from
past policies where altcoin ETF applications were typically rejected or
withdrawn.
XRPUSD Shows Bullish Momentum After Support
The XRPUSD H1 chart shows that after finding support at
2.32750, the price made a bullish move. It faced rejection around 2.50000,
followed by a bearish correction. After consolidating for a while, the price
made a strong move upward. As of now, the price remains bullish and may
continue its upward movement.
The model assigns a 70% probability of a positive legal
outcome for Ripple, which could boost investor confidence and institutional
adoption. Increased use of Ripple's ODL platform may also raise demand for XRP.
Market sentiment, especially Bitcoin's performance and global economic
conditions, will influence XRP’s price movement.
More Firms Await SEC XRP ETF Acknowledgment
Other firms, including Bitwise Invest, 21Shares, Canary
Funds, and WisdomTree Funds, have also filed for XRP ETFs. However, their
applications have not yet been formally acknowledged. Meanwhile, President Trump has nominated Paul Atkins as the
next SEC chairman. Until his confirmation, Mark Uyeda is serving as the acting
chairman.
Ripple's Key Moves: Legal, DeFi, and Partnerships
Recently, Ripple has been engaged with several notable
developments across various sectors. The company has partnered with Revolut
and Zero Hash to expand access to its RLUSD stablecoin, aiming to
strengthen its market position and challenge the dominance of USDT and USDC.
This collaboration could enhance RLUSD’s visibility in the competitive
stablecoin market.
Ripple whales have been actively acquiring XRP tokens, with
recent data showing that large
investors purchased 520 million XRP during a recent price dip. This ongoing
accumulation has drawn attention to Ripple's market activity.
The SEC’s reassignment of Jorge Tenreiro, who previously
oversaw cryptocurrency cases such as Ripple’s and Coinbase’s, has
raised questions about the agency’s approach to crypto litigation.
Tenreiro's move to the IT department has sparked speculation on how it might
affect future decisions in Ripple's ongoing legal battle.
Ripple
recently donated $100,000 in XRP to aid communities affected by California
wildfires. Through The Giving Block platform, Ripple’s donation supports
organizations like World Central Kitchen and GiveDirectly, contributing to
relief efforts.
In DeFi, Ripple
has teamed up with Chainlink to integrate RLUSD with decentralized finance
applications on Ethereum. This partnership aims to expand RLUSD’s use case,
offering trading and lending features within the DeFi ecosystem.
Ripple is exploring XRP’s
potential inclusion in a US crypto reserve, though concerns about
centralization have emerged. Ripple's David Schwartz defended the
decentralization of the XRP Ledger, emphasizing its resilience to manipulation
and its independent nature.
In Japan, Ripple
expects XRP Ledger adoption by banks by 2025, as stated by SBI CEO
Yoshitaka Kitao. This initiative aims to improve cross-border payments and
currency conversions for remittances, enhancing Japan’s financial
infrastructure.
Lastly, the XRP
Ledger (XRPL) faced a brief disruption due to an issue with its consensus
mechanism, causing validations to fail and ledgers to "drift apart."
Ripple’s CTO David Schwartz confirmed the issue was resolved after a validator
reset the consensus, restoring normal network operations.
Why Silver Is Surging With Gold and Why Analyst Predicts $375 Price in 2026
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
