Grayscale Reduces XRP, XLM Holdings Amid Ripple Lawsuit

2021-1-1 22:04

Grayscale, the New York-based investment company, has sold massive amounts of XRP and XLM tokens from their respective Trust products.

Grayscale Deals XRP, XLM Blow

According to data from Bybt, the investment firm has reduced its XRP holding by 9,189,031, worth ~$2.02 million at press time. Its XLM holding also saw a reduction of 9,743,886, worth ~$1.26 million at press time.

At present, Grayscale investment holds 26.46 million XRP in its XRP Trust, amounting to ~$5.82 million. Its Stellar Lumens Trust holds 9.19 million XLM, worth roughly ~$1.19 million.

Ripple Inc. is being sued by the SEC for selling XRP tokens. The SEC has charged Ripple and its executives for selling 14.6 billion XRP ($1.38 billion). 

The pre-trial will begin on Feb. 22. Meanwhile, Ripple has stated that they will continue to operate in the United States despite the lawsuit. Since then, exchanges like Coinbase, Bitstamp, Binance.US, and more have halted XRP trading. Thus, it makes sense for Grayscale to reduce its XRP holdings.

While Stellar is under no such regulatory scrutiny, Grayscale seems to have pre-emptively taken precautionary measures, as Stellar was co-founded by Jed McCaleb, who was also the founder of Ripple before leaving the company in July 2013.

Besides XLM and XRP, the firm gives investors the ability to invest in Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ethereum Classic, Zcash, XRP, and Horizen. Grayscale also offers a diversified market-cap-weighted fund called Grayscale Digital Large Cap Fund (GDLC). This fund comprises Bitcoin, Ethereum, XRP, Bitcoin Cash, and Litecoin.

Grayscale has $20.14 billion in assets under management (AUM), with its Grayscale Bitcoin Trust (GBTC) amounting to $17.61 billion, thus constituting 87% of its total AUM.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.5253 (+0.42%)
Объем 24H $1.131b
Изменеия 24h: 2.15 %, 7d: 0.33 %
Cегодня L: $0.5153 - H: $0.5253
Капитализация $29.015b Rank 7
Цена в час новости $ 0.2222 (136.41%)

amid ripple lawsuit holdings xlm reduces xrp

Источник: cryptobriefing.com

amid ripple → Результатов: 62


Фото:

Here’s why prominent crypto strategist compares Bitcoin (BTC) to Tesla

Bitcoin (BTC) price is trading near recent all-time highs as investors shift their focus to Ripple (XRP) and their legal issues. Fundamental analysis: Bitcoin is less volatile than it is perceived It appears that Bitcoin is not as volatile anymore compared to popular market indexes that touched new peaks amid the pandemic, said Meltem Demirors, head strategist at crypto management firm CoinShares.

2020-12-24 18:38


Фото:

Ripple’s “XRP will put up ridiculous numbers in the next few weeks,” pundit asserts amid potential lawsuit from SEC

Ripple’s XRP, the world’s third-largest cryptocurrency by market cap, will have an epic rally in the coming weeks, after failing severally to live up to its investors’ expectations over the years. According to PAC Global founder, David Gokhshtein, “$XRP will put ridiculous numbers in the next few weeks.

2020-12-22 19:27


Tether moved up to rank 4 in the cryptocurrency rating. USDT capitalization is $ 7billion

Amid news of a possible ban on stablecoins in a number of countries, the capitalization of Tether, the most popular of them, increased by 45%. In the ratings of the analytical portals CoinMarketCap or CoinGecko, USDT moved up to rank 4 and is now competing for the title “TOP-3” with the cryptocurrency Ripple. Source: https://coinmarketcap.com/ […]

2020-4-28 18:45


Фото:

One of XRP’s Top Proponents Folds Amid Crypto Market Crash

If you were following cryptocurrency in 2017 and 2018, you likely know of Tiffany Hayden. For some reason or another, she managed to gain a massive following on Twitter — I’m talking about tens of thousands of fervent followers — while discussing XRP and Ripple, touting sentiments like how she expects for the cryptocurrency and the company to revolutionize banking.

2020-3-10 20:11


Ripple Sold Over $250 Million Worth of XRP in Q2 2019 Amid Spike in Institutional Involvement

Coinspeaker Ripple Sold Over $250 Million Worth of XRP in Q2 2019 Amid Spike in Institutional InvolvementAmidst the current increase in the involvement of institutional corporations with cryptocurrency, Ripple reportedly sold out an excess of $250 million in XRP with about 40% of these sales been in favor of the institutional investors.

2019-7-25 14:18


Ripple’s XRP Retakes Second Position From ETH in Crypto Rankings Despite Descending Triangle Breakdown

Ripple’s XRP has retaken the position of second largest cryptocurrency by market cap after overtaking Ethereum’s cryptocurrency ether for a second time within the last two months. XRP overtook Ethereum for the first time around mid-November amid bearish drops across the market where XRP held its value better than Ethereum.

2019-1-10 18:19


Crypto Startup Ripple Breaches 200 Client Milestone Amid Market Plunge

It goes without saying that the cryptocurrency market downturn of 2018/2019 irked many of this industry’s startups, even those which have established an unquestioned hegemony. An Ethereum Classic development group folded entirely, while Bitmain, ConsenSys, Steemit, Huobi, and ShapeShift most recently were mandated to purge staffers to maintain a sufficient financial runway.

2019-1-9 21:00


Ripple [XRP] Sentiment Analysis | When Bottom Or When Moon?

The price of XRP has maintained a level of $0.3 for a while even amid the bearish crypto market. In the last 24 hours, the market has seen a drop of  1.16% to $0.287. While the tendency for more fall still ranges in the crypto market as the top Cryptocurrencies are struggling to maintain recent […] The post Ripple [XRP] Sentiment Analysis | When Bottom Or When Moon? appeared first on ZyCrypto.

2018-12-15 23:43


Weiss Crypto Ratings Gives Positive Comments About Stellar Lumens (XLM) And XRP (Ripple)

Weiss Ratings Gives Positive Comments About Stellar Lumens And XRP XRP and Stellar Lumens (XLM) have received positive comments from the independent rating agency Weiss Ratings. The company said that amid a bear market in the cryptocurrency world, XLM and XRP register smaller losses, which is something that shows their strength. Indeed, during the last […]

2018-11-17 19:42


Crypto Daily Recap: Top Bitcoin and Blockchain News For Today November 14th [VIDEO]

Can Connection Between Cryptos And Stocks Hurt the Financial Industry World Wide? Can Connection Between Cryptos And Stocks Hurt the Financial Industry World Wide? XRP Coin Price Grows Amid New Ripple Product Interoperability Despite Slumping Crypto Market XRP Coin Price Grows Amid New Ripple Product Interoperability Despite Slumping Crypto Market Bitcoin Investors and Traders Are […]

2018-11-15 05:33


XRP Coin Price Grows Amid New Ripple Product Interoperability Despite Slumping Crypto Market

It seems that customers using Ripple’s product may be able to easily switch to the xRapid product, which is one of the most promising products and from the company. Using XRP as the virtual currency to process cross-border transactions that would allow companies to reduce costs and time. According to a new document released known […]

2018-11-14 18:22


дальше еще 13 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

The Secret Behind How AI-Powered Ethereum Trades Made This Trader a Millionaire

With the introduction of artificial intelligence in the investment sector, people are changing the way they invest in volatile cryptocurrencies like Ethereum. An industry that once required traders to learn complex market dynamics and study the plethora of crypto projects can now be entered into with minimal knowledge and experience.

Leading AI and Tech Giants Back YOUR AI’s Grand Vision for Personalized E-Commerce

YOUR AI Protocol is a pioneering force in the intersection of AI and e-commerce. Having built an AI-driven content layer on the Bitcoin and Solana blockchains. The protocol e-commerce stores with AI-enhanced content streaming solutions, and creators with AI content support, earning opportunities through YOURAI tokens, ownership over their contribution like never before.

Xuirin Finance – The Future of DeFi

Despite all the hype and mania around the cryptocurrency industry at times, it is still considered by most accounts to be in its infancy. It has not yet fully realized its potential, but that may all be starting to change with the continued innovations of DeFi through Xuirin Finance.

The Minting Scrolls from Banksters are Rolled OUT!

Why you should take advantage of this opportunity and how NFTs can lift the Gaming Industry – quote by Alexandru Carbunariu, CEO & CMO Banksters.   About Banksters and what’s going on right now  Banksters is a Web 3.

Pantera Capital to raise $1 billion for new crypto fund

Pantera Capital seeks over $1 billion for new crypto fund investing in startup equity, tokens, and blockchain assets, its largest raise since the 2022 collapse. The post Pantera Capital to raise $1 billion for new crypto fund appeared first on Crypto Briefing.