XRP Back to $1 Billion: Deconstructing the 10.5% Price Jump That Saved Key US ETF Threshold
The post XRP Back to $1 Billion: Deconstructing the 10.5% Price Jump That Saved Key US ETF Threshold appeared on BitcoinEthereumNews.com. The US market for spot ETFs based on XRP has held its place in the top league, returning above the psychologically important threshold of $1 billion in net assets. According to a fresh report from SoSoValue, the combined assets under management of five funds stood at $1.05 billion. However, a detailed look inside the sector shows that this comeback was not the result of new investment inflows, but a mathematical rescue driven by the price surge of XRP itself. Math behind the comeback to billion-dollar club The US XRP ETFs returned to the billion-dollar threshold thanks to an organic recalculation of the value of their underlying holdings. Over the past week, the native cryptocurrency of the XRP Ledger posted a strong 10.5% gain, settling at $1.15 after a prolonged June decline toward the dangerous $1.00 mark. Ripple Exec: Washington Can’t Ignore Cryp