As reported by Insidebitcoins, the XRP price fell 7% in the last 24 hours to $2.21 amid a 28% drop in trading volume to $7.47 billion. Bitwise and Grayscale announced management fees for their upcoming XRP and Dogecoin ETFs, with Bitwise setting a 0.34% fee and Grayscale planning a 0.35% fee for both. Despite not receiving SEC approval, both firms are proceeding with their launch plans under new rules allowing ETF filings to take effect automatically after 20 days if requirements are met. Grayscale has filed amended S-1 registration statements for its XRP and DOGE ETFs, while Bitwise’s SOL ETF saw $56 million in inflows on its first day. Analysts suggest successful XRP and DOGE ETF launches could attract billions in inflows.
XRP Price Drops 7% Amid Bitwise and Grayscale XRP ETF Fee Announcements
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