XRP Investments Rise Yearly: CoinShares Research Head Highlights Growing Confidence
CoinShares' research lead reports that major investors are steadily increasing their stakes in XRP
On a recent 'Wolf of All Streets' podcast episode, James Butterfill from CoinShares discussed the enduring institutional appeal of XRP, despite its previous legal hurdles. In 2020, Ripple Labs faced a U.S. SEC lawsuit over XRP's classification as an unregistered security. However, subsequent court rulings clarified that some XRP sales didn't qualify as securities offerings. This clarity has strengthened institutional trust in XRP. Butterfill underscored the importance of regulatory transparency for crypto investors, noting XRP's continued investment influx. As of now, XRP's value stands at $0.62, marking a 1% decrease in the last 24 hours.
Aug 15, 2023