XRP Demand Soars as Hashdex ETF Requires 215 XRP Per Share
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- The SEC’s acknowledgment of Hashdex Nasdaq Crypto Index US ETF highlights growing regulatory acceptance of crypto.
- Significant XRP demand for the ETF signals its rising importance, with 17M+ XRP needed per share.
- XRP shows potential for price reversal, with RSI at 40.30 and MACD below the signal line, indicating possible future gains.
The U.S. SEC has formally acknowledged the 19b-4 filing for the Hashdex Nasdaq Crypto Index ETF, as highlighted by Chad Steingraber. This ETF proposes to hold both spot Bitcoin and Ethereum, marking a significant development in the digital asset landscape.
According to the filing, each share of the ETF would require 215.85405164 XRP. With 79,609.477 shares currently under the fund, this translates to a total XRP holding of 17,184,028.16. This substantial XRP demand per share underscores its growing importance in the crypto ecosystem. The net asset value (NAV) per share is $6,725.44, with XRP constituting 1.48% …
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