{"id":47664,"date":"2025-02-18T01:21:35","date_gmt":"2025-02-18T01:21:35","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/memx-exchange-files-to-list-xrp-etf-as-a-commodity-based-trust\/"},"modified":"2025-02-18T01:21:35","modified_gmt":"2025-02-18T01:21:35","slug":"memx-exchange-files-to-list-xrp-etf-as-a-commodity-based-trust","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/memx-exchange-files-to-list-xrp-etf-as-a-commodity-based-trust\/","title":{"rendered":"MEMX Exchange files to list XRP ETF as a commodity-based trust"},"content":{"rendered":"

(Originally posted on : Invezz )<\/b>
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MEMX, a US securities exchange, has filed with the Securities and Exchange Commission (SEC) to list an XRP exchange-traded fund (ETF) as a “Commodity-Based Trust.”<\/p>\n

Notably, this XRP ETF filing<\/a> comes at a time when the crypto industry is witnessing a more welcoming regulatory environment, particularly under the influence of recent political changes under the new Donald Trump administration.<\/p>\n

A new chapter for XRP<\/h2>\n

The decision by MEMX to pursue this listing underscores the evolving perception of XRP, Ripple’s native cryptocurrency, within the financial sector.<\/p>\n

Historically, XRP has faced scrutiny, notably from the SEC, which in 2020 accused Ripple of issuing unregistered securities. <\/p>\n

However, a landmark ruling in August clarified that XRP does not inherently qualify as a security but could be under certain conditions. <\/p>\n

This nuanced legal outcome has paved the way for XRP to be considered alongside other commodities like Bitcoin (BTC) and Ethereum (ETH).<\/p>\n

The backdrop of MEMX\u2019s XRP ETF filling is the reelection of President Donald Trump, who has publicly advocated for making the US the “world’s crypto capital.” <\/p>\n

His administration’s more crypto-friendly stance has encouraged exchanges like MEMX to explore new avenues for cryptocurrency investment vehicles.<\/p>\n

The MEMX XRP ETF filling isn’t an isolated event; it’s part of a broader trend where issuers are lining up to introduce various cryptocurrency ETFs. <\/p>\n

It is also not the first XRP ETF proposal, seeing that Canary Capital made a similar filing<\/a> in October 2024 and the SEC also recently acknowledged Grayscale’s application for a spot XRP ETF<\/a>.<\/p>\n

The push for an XRP ETF reflects not just a regulatory shift but also a strong market demand, with investors, both retail and institutional, looking for more ways to gain exposure to cryptocurrencies without the complexities of direct ownership.<\/p>\n

By listing XRP as a commodity-based trust, MEMX is responding to this demand, potentially increasing investor confidence by providing a regulated, familiar investment structure.<\/p>\n

Earlier in the year, JPMorgan analysts estimated the suite of proposed XRP funds is expected to gather between $4 billion and $8 billion within six to 12 months, if approved.<\/p>\n

XRP price remains in red despite the news<\/h2>\n

Interestingly, XRP, which has seen a sharp decline today, has seen little reaction following the news of the MEMX XRP application, only rising by $0.03 from a daily low of $2.62 to $2.63 at press time.<\/p>\n

After attempting a recovery over the past week, bears seem to have regained control with the XRP price dropping by 6% over the weekend<\/a>.<\/p>\n

If XRP drops below $2.6, analysts are watching to see if it will hold the support at around $2.4; failure to which the token could fall to around $2.15.<\/p>\n

Conversely, if bulls regain control, the first resistance target lies at around $2.75, which if breached could see the token soar toward its monthly high of $3.35.<\/p>\n

The post MEMX Exchange files to list XRP ETF as a commodity-based trust<\/a> appeared first on Invezz<\/a><\/p>\n

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(Originally posted on : Invezz ) MEMX, a US securities exchange, has filed with the Securities and Exchange Commission (SEC) to list an XRP exchange-traded fund (ETF) as a “Commodity-Based Trust.” Notably, this XRP ETF filing comes at a time when the crypto industry is witnessing a more welcoming regulatory environment, particularly under the influence […]<\/p>\n","protected":false},"author":7,"featured_media":47665,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[37],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/47664"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=47664"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/47664\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/47665"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=47664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=47664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=47664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}