RBC’s Bitwise XRP ETF Position Signals Major Institutional Shift in Altcoin Acceptance
Royal Bank of Canada disclosed a position in the Bitwise XRP ETF through its latest SEC filing, marking a significant milestone in institutional cryptocurrency adoption. While the $30,000 allocation appears modest, the compliance approval required from a Global Systemically Important Bank signals reduced regulatory uncertainty surrounding altcoins and blockchain-based assets.
Ripple Network Surges: XRP Investment Products Attract $60M as On-Chain Activity Rebounds
XRP investment products have recorded $60.50 million in weekly inflows as Ripple’s blockchain network activity reaches levels unseen since March. Despite fundamental momentum, price action faces significant technical resistance that traders carefully monitor for breakout confirmation.
