{"id":562299,"date":"2023-11-24T22:00:22","date_gmt":"2023-11-24T22:00:22","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=562299"},"modified":"2024-06-11T07:44:26","modified_gmt":"2024-06-11T07:44:26","slug":"valour-xrp-etp-price-10","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/news\/ripple\/valour-xrp-etp-price-10\/","title":{"rendered":"Valour XRP ETP Set To Begin Trading, Can Institutional Inflows Drive Price To $10?"},"content":{"rendered":"
The XRP price may be gearing towards a bullish momentum with the potential release of multiple ETPs and the anticipated launch of Valour\u2019s XRP ETP into the European markets next month.\u00a0<\/span><\/p>\n Valour, a publicly traded company backed by DeFi Technologies, a crypto-based software organization, has announced a new XRP Exchange Traded Product (ETP). In a press release published on Wednesday, DeFi Technologies disclosed the <\/span>launch of Valour\u2019s XRP ETP in December 2023.\u00a0<\/span><\/a><\/p>\n A popular <\/span>YouTuber, Zack Rector<\/span><\/a> has stated in a recent YouTube video that the token is positioned to take advantage of a large flow of liquidity driven by the initiation of multiple XRP ETPs.\u00a0<\/span><\/p>\n Including Valour\u2019s ETP, there have been many other ETPs launched by industry-leading crypto companies. <\/span>21 Shares<\/span><\/a>, a Swiss financial institution, is one of the prominent companies that issued its XRP ETP (AXRP) in 2019. Since its launch, AXRP has recorded approximately $49 million in assets under its control and the ETP earns a year-to-date return of +69%.\u00a0<\/span><\/p>\n Rector disclosed that the growing number of ETPs could trigger significant institutional inflows that could push the adoption of the token and possibly drive its price upwards. Furthermore, the integration of an XRP<\/span>\u00a0ETP has the potential to significantly advance the ecosystem by enhancing liquidity and improving accessibility for retail and institutional investors.\u00a0<\/span><\/p>\n The announcement of Valour\u2019s XRP ETP comes as a positive development for the<\/span>\u00a0community<\/span><\/a> and the broader crypto space. Various crypto investors have expressed their optimism about the significant impacts these ETPs could have on the <\/span>XRP market.<\/span><\/a><\/p>\n Just as the news of <\/span>Spot Bitcoin ETF applications<\/span><\/a> propelled Bitcoin\u2019s price above $37,000, institutional flows from Valour\u2019s XRP ETP could drive the token\u2019s price to $10.\u00a0<\/span><\/p>\n The ETP issued by 21 Shares Ripple is a prime example of how XRP ETPs have performed in the past. After being traded 447 times on the market, this particular ETP generated $5 million in revenue.\u00a0<\/span><\/p>\n Valour\u2019s upcoming ETP has become a focal point for investors seeking strategic investment opportunities. Crypto investors are closely monitoring the market to assess the potential gains that may follow the ETP\u2019s debut.\u00a0<\/span><\/p>\n The anticipated launch of <\/span>Ripple\u2019s IPO<\/span><\/a> and the final resolution of the lawsuit between Ripple and the <\/span>United States Securities and Exchange Commission (SEC) <\/span><\/a>are also major events that could help drive the price of the token to higher levels.\u00a0<\/span><\/p>\n <\/p>\n The XRP price may be gearing towards a bullish momentum with the potential release of multiple ETPs and the anticipated launch of Valour\u2019s XRP ETP into the European markets next month.\u00a0 Valour XRP ETP To Enter European Markets Valour, a publicly traded company backed by DeFi Technologies, a crypto-based software organization, has announced a new XRP Exchange Traded Product (ETP). In a press release published on Wednesday, DeFi Technologies disclosed the launch of Valour\u2019s XRP ETP in December 2023.\u00a0 Related Reading: Shiba Inu Community Project Calls Out Founders For Refusing To Burn 103 Trillion SHIB A popular YouTuber, Zack Rector has stated in a recent YouTube video that the token is positioned to take advantage of a large flow of liquidity driven by the initiation of multiple XRP ETPs.\u00a0 Including Valour\u2019s ETP, there have been many other ETPs launched by industry-leading crypto companies. 21 Shares, a Swiss financial institution, is one of the prominent companies that issued its XRP ETP (AXRP) in 2019. Since its launch, AXRP has recorded approximately $49 million in assets under its control and the ETP earns a year-to-date return of +69%.\u00a0 Rector disclosed that the growing number of ETPs could trigger significant institutional inflows that could push the adoption of the token and possibly drive its price upwards. Furthermore, the integration of an XRP\u00a0ETP has the potential to significantly advance the ecosystem by enhancing liquidity and improving accessibility for retail and institutional investors.\u00a0 ETP Influence On The Price The announcement of Valour\u2019s XRP ETP comes as a positive development for the\u00a0community and the broader crypto space. Various crypto investors have expressed their optimism about the significant impacts these ETPs could have on the XRP market. Just as the news of Spot Bitcoin ETF applications propelled Bitcoin\u2019s price above $37,000, institutional flows from Valour\u2019s XRP ETP could drive the token\u2019s price to $10.\u00a0 Related Reading: Analyst Says Ethereum Is Seeing \u2018Systemic Buying\u2019, What This Means The ETP issued by 21 Shares Ripple is a prime example of how XRP ETPs have performed in the past. After being traded 447 times on the market, this particular ETP generated $5 million in revenue.\u00a0 Valour\u2019s upcoming ETP has become a focal point for investors seeking strategic investment opportunities. Crypto investors are closely monitoring the market to assess the potential gains that may follow the ETP\u2019s debut.\u00a0 The anticipated launch of Ripple\u2019s IPO and the final resolution of the lawsuit between Ripple and the United States Securities and Exchange Commission (SEC) are also major events that could help drive the price of the token to higher levels.\u00a0 Token price falls tot $0.619 | Source: XRPUSD On Tradingview.com Featured image from Analytics Insight, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":562300,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[14040,4531,90432,90433,83637,13172,16289,10972,78763],"class_list":["post-562299","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-institutional-investors","tag-xrp","tag-xrp-etp","tag-xrp-institutional-investors","tag-xrp-news","tag-xrp-price","tag-xrp-price-prediction","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nValour XRP ETP To Enter European Markets<\/h2>\n
ETP Influence On The Price<\/h2>\n
Token price falls tot $0.619 | Source: XRPUSD On Tradingview.com<\/a><\/pre>\n