Whales Scoop Up $150 Million XRP in Hours Amid SEC’s Tremendous Bullish Spot XRP ETF Transfer ⋆ ZyCrypto
 
 
XRP has continued to attract important curiosity from deep-pocketed traders because the Trump administration stays favorable to the crypto sector.
Regardless of XRP costs buying and selling sideways for the previous two or so months now, these holders have been ramping up their accumulation, fueling a brand new shopping for frenzy.
On Wednesday, widespread crypto analyst Ali Martinez highlighted this pattern, revealing in a tweet “Whales purchased 150 million XRP within the final 48 hours”.
Notably, this surge in accumulation coincides with the U.S. Securities and Alternate Fee (SEC) acknowledging three further spot XRP ETF filings, bringing the entire variety of pending functions to 6 in just below two weeks.
On Wednesday, the SEC formally acknowledged three separate filings for spot XRP ETFs from asset managers WisdomTree, Canary Capital, and CoinShares, marking a vital step within the ongoing push to introduce institutional-grade XRP funding merchandise.
 
In keeping with the SEC’s official assertion, the company has opened a public remark interval to evaluate whether or not the functions adjust to Part 19(b)(1) of the Securities Alternate Act 1934. Traders and stakeholders have 21 days to submit suggestions as soon as the filings seem within the Federal Register. The fee then has as much as 240 days to approve or reject the functions.
These newest filings come simply days after the SEC acknowledged three comparable XRP ETF functions from Bitwise, Grayscale, and 21Shares, signaling a possible shift in regulatory sentiment and an accelerating path towards spot XRP ETF approvals.
In the meantime, the push for XRP ETFs extends past the U.S. In keeping with sources, the Brazilian Securities and Alternate Fee (CVM) has permitted the world’s first spot XRP ETF, with solely a buying and selling launch date pending.
Moreover, constructing on Marinez’s findings, the surge in ETF filings has reignited shopping for exercise amongst giant traders. In a Thursday tweet, crypto analytics platform Santiment emphasised this pattern, highlighting a big rise in XRP accumulation amongst main holders.
“There are 261 extra 100,000 XRP wallets than 10 weeks in the past, a robust signal of confidence from key stakeholders,” the agency reported.
Santiment additional famous that regardless of a stagnant broader crypto market, XRP has sustained robust momentum, outperforming Bitcoin (BTC) in current months. The XRP Ledger’s market cap is up 6% on the day and has posted a 9% acquire over the previous week, making it one of many few belongings in optimistic territory. Since November 11, 2024, XRP’s value relative to BTC has surged by 297%.
That stated, whales’ and sharks’ sustained accumulation suggests confidence in XRP’s long-term trajectory, particularly with the potential approval of a spot ETF on the horizon.
At press time, XRP was buying and selling at $2.57, reflecting a 0.50% surge prior to now 24 hours.
