Overview of XRP
XRP (XRP) is a prominent cryptocurrency with a current price of $2.19** and a circulating market cap of **$128.96 billion.
Key Metrics:
- Circulating Supply: 59,005,546,715 XRP (59.01% of total supply)
- Total Supply: 99,985,991,375 XRP
👉 Track real-time XRP price updates
Upcoming Regulatory Deadlines for XRP
1. Grayscale Digital Large Cap Approval (July 2)
The SEC's final deadline to approve the Grayscale Digital Large Cap fund is July 2. This fund includes a basket of major cryptocurrencies:
- Bitcoin ($BTC)
- Ethereum ($ETH)
- XRP ($XRP)
- Solana ($SOL)
- Cardano ($ADA)
Note: Deadlines may shift due to regulatory adjustments.
2. Bitwise 10 Crypto Index Approval (July 31)
The SEC's decision deadline for the Bitwise 10 Crypto Index is July 31. The fund’s holdings include:
- Bitcoin ($BTC)
- Ethereum ($ETH)
- XRP ($XRP)
- Solana ($SOL)
- Cardano ($ADA)
- Avalanche ($AVAX)
- Chainlink ($LINK)
- Polkadot ($DOT)
- Bitcoin Cash ($BCH)
- NEAR Protocol ($NEAR)
3. First XRP Spot ETF Approval (October 17)
The SEC is expected to rule on the first XRP Spot ETF by October 17. Major applicants include:
- Grayscale
- 21Shares
- Bitwise
- Canary
- WisdomTree
👉 Explore crypto ETF investment strategies
FAQ
Q1: What is XRP’s circulating supply?
A: XRP’s circulating supply is 59 billion tokens (59.01% of its total supply).
Q2: When will the SEC decide on the XRP Spot ETF?
A: The tentative deadline is October 17, 2024, but delays are possible.
Q3: Which cryptocurrencies are included in Grayscale’s Digital Large Cap fund?
A: The fund holds BTC, ETH, XRP, SOL, and ADA.
Q4: Why are these deadlines important?
A: Regulatory approvals could significantly impact XRP’s market adoption and liquidity.
Key Takeaways
- XRP’s regulatory milestones in 2024 may drive institutional adoption.
- ETF approvals could unlock new investment avenues for XRP holders.
- Always verify deadlines, as SEC timelines are subject to change.
For deeper insights, check our exclusive analysis 👉 here.