Crypto Blog
This week, Bitwise registered a trust entity called “XRP ETF” in Delaware. The following day, the asset manager filed an S-1 form with the US Securities and Exchange Commission, a necessary step for companies aiming to launch a new security and list it on a public stock exchange.
Strengthening the bullish outlook, October 1st saw 145 whale transactions surpassing $1 million, the highest in six months. This uptick in whale activity suggests that larger investors are either accumulating XRP or preparing for a strategic move. Such large-scale transactions often foreshadow market shifts and can serve as a key signal for smaller traders watching for direction.
Despite a notable shift towards bullish enthusiasm for XRP in the market, Santiment warned that markets often move counter to crowd sentiment, especially when enthusiasm runs high.
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