 
 
XRP has continued to attract vital curiosity from deep-pocketed buyers because the Trump administration stays favorable to the crypto sector.
Regardless of XRP prices 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, fashionable crypto analyst Ali Martinez highlighted this development, revealing in a tweet “Whales purchased 150 million XRP in the final 48 hours”.
Notably, this surge in accumulation coincides with the U.S. Securities and Trade Fee (SEC) acknowledging three further spot XRP ETF filings, bringing the whole variety of pending purposes to 6 in slightly 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 an important step in the continuing push to introduce institutional-grade XRP funding merchandise.
 
In line with the SEC’s official assertion, the company has opened a public remark interval to evaluate whether or not the purposes adjust to Part 19(b)(1) of the Securities Trade Act 1934. Buyers and stakeholders have 21 days to submit suggestions as soon as the filings seem in the Federal Register. The fee then has as much as 240 days to approve or reject the purposes.
These newest filings come simply days after the SEC acknowledged three comparable XRP ETF purposes 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 line with sources, the Brazilian Securities and Trade Fee (CVM) has authorized 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 buyers. In a Thursday tweet, crypto analytics platform Santiment emphasised this development, 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 sturdy momentum, outperforming Bitcoin (BTC) in latest months. The XRP Ledger’s market cap is up 6% on the day and has posted a 9% achieve over the previous week, making it one of many few belongings in constructive territory. Since November 11, 2024, XRP’s worth 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 in the previous 24 hours.
