Grayscale’s application faces a critical decision deadline on May 22.“The real catalyst will come when a Spot XRP ETF gets approved,” argues market analyst John Squire, noting that a futures ETF won’t lead to “real market impact.”XRP whale count is up despite price correctionThe number of XRP addresses holding at least 10,000 tokens has continued to rise, especially during its 30% price correction from the January’s top of $3.40, according to Glassnode data.
Grayscale’s application faces a critical decision deadline on May 22.“The real catalyst will come when a Spot XRP ETF gets approved,” argues market analyst John Squire, noting that a futures ETF won’t lead to “real market impact.”XRP whales are on the riseThe number of XRP addresses holding at least 10,000 tokens has continued to rise, especially during its 30% price correction from the January’s top of $3.40, according to Glassnode data.
Source: TradingViewProShares’ XRP ETFs approvalXRP’s price rise today follows a fundamental boost from the US Securities and Exchange Commission (SEC), which approved three XRP-based futures exchange-traded funds (ETFs) by ProShares.
