The post ETFs, RLUSD, and DEX Volume Surge appeared on BitcoinEthereumNews.com.

Ripple CEO Brad Garlinghouse described Q4 2024 as a historic moment for XRP. XRP saw growth in institutional interest with multiple ETF filings, including from Grayscale and Bitwise. RLUSD stablecoin reached a $100M market cap, while XRPL DEX hit $1 billion in Q4 trading volume. Ripple CEO Brad Garlinghouse has described Q4 2024 as a historic moment for XRP. In a post on X, he emphasized the significant growth in institutional interest in XRP, stablecoin adoption, and on-chain trading activity. The quarter saw a surge in regulatory filings for XRP-related exchange-traded funds (ETFs), with five firms applying to launch such investment vehicles in the United States. The momentum continued into 2025, as four additional firms submitted applications in January.  Importantly, these firms include billion-dollar asset managers like Grayscale, Bitwise, and WisdomTree. Institutional Interest in XRP Is On The Rise The rise in ETF filings signals increasing demand from institutional investors. Crypto ETFs have become a popular avenue for traditional investors who want exposure to digital assets without directly buying and storing cryptocurrencies.  Related: Grayscale Files for XRP Spot ETF: Will XRP Price Rally on the News? The U.S. Securities and Exchange Commission (SEC) is still reviewing the XRP ETFs applications and hasn’t made any comments yet. Many believe ongoing regulatory developments could influence the outcome.  If approved, these ETFs would provide investors with regulated exposure to XRP, further legitimizing its role in mainstream finance. RLUSD Stablecoin Gains Traction Another major highlight from Q4 was the launch of Ripple’s RLUSD stablecoin. Designed as a U.S. dollar-pegged digital asset, RLUSD quickly gained traction, reaching a $100 million market cap within a month. RLUSD’s rapid adoption suggests a growing appetite for stable digital assets within the XRP ecosystem. Its integration with the XRP Ledger enables fast, low-cost transactions, making it a competitive option…

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Filed under: News - @ February 1, 2025 4:21 pm