<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/news/ripple-news-fineqia-spots-a-whopping-57-surge-in-xrp-backed-etps/">Fineqia Report: Ripple’s XRP Rises 57% in ETP Holdings Post SEC Win</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Exciting developments are sweeping through the realm of digital assets, as recently revealed through an insightful analysis conducted by Fineqia. </p> 
<p>Where Exchange Traded Products (ETPs) have surged by an astonishing 70% in Assets Under Management (AUM), Ripple’s XRP has taken center stage, showcasing exceptional performance.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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   <p lang="en" dir="ltr">Institutional Interest in <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a><br>The ruling in the SEC v. Ripple Labs in&nbsp;favor of Ripple (XRP) led to an increase in Assets Under Management (ETPs) for <a href="https://twitter.com/FineqiaPlatform?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@FineqiaPlatform</a>. <br>Press Release <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;">Aug 8, <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> increased by 57%, to $76.8 million from $49 million.<br><br>If you have a chance, catch… <a href="https://t.co/xb6X0RiSKD" rel="noopener noreferrer nofollow">pic.twitter.com/xb6X0RiSKD</a></p>— 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f338.png" alt="🌸" class="wp-smiley" style="height: 1em; max-height: 1em;">Crypto Eri 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1fa9d.png" alt="🪝" class="wp-smiley" style="height: 1em; max-height: 1em;">Carpe Diem (@sentosumosaba) <a href="https://twitter.com/sentosumosaba/status/1689203209519427584?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 9, 2023</a> 
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<h2 id="alls-well-with-ripple" data-name="alls-well-with-ripple" class="wp-block-heading"><strong>All’s Well With Ripple!</strong></h2> 
<p>This is going to be good news for Ripple enthusiasts. According to the meticulous analysis by the fintech moguls, Fineqia International Inc., Assets Under Management (AUM) of Exchange Traded Products (ETPs) holding Ripple swelled by an eye-popping 57%, leaping to $76.8 million from a modest $49 million.</p> 
<p>This surge came hot on the heels of the favourable verdict in the <a href="https://coinpedia.org/news/the-hinman-controversy-ripple-sec-and-the-unravelling-of-a-crypto-speech/" rel="noopener noreferrer nofollow">SEC v. Ripple Labs</a> face-off last month, a ruling that not only boded well for Ripple but also heralded a rising sun for certain altcoins.</p> 
<p>Read More: <a href="https://coinpedia.org/news/john-deaton-says-its-impossible-for-judge-torres-ruling-to-be-appealed/" rel="noopener noreferrer nofollow">John Deaton: Judge Torres’ Ruling in Ripple vs SEC Will Not Be Reversed</a></p> 
<h2 id="the-digital-asset-dance" data-name="the-digital-asset-dance" class="wp-block-heading"><strong>The Digital Asset Dance</strong></h2> 
<p>While the year-to-date period saw a hefty 70% growth in ETPs with digital assets as underlying collateral, with the AUM hitting $34 billion by July end, the highlight remains Ripple’s undeniably magnetic allure.</p> 
<p>However, there’s a plot twist. Over 90% of the ETPs AUM was dominated by Bitcoin and Ethereum, a statistic that Fineqia CEO Bundeep Singh Rangar highlighted with caution. But in this landscape dominated by the crypto titans, Ripple’s meteoric rise stands as a testament to its emerging potential.</p> 
<p>The Ripple verdict seemed to have breathed fresh air into other <a href="https://coinpedia.org/news/bitcoin-reclaims-30k-mark-altcoins-show-signs-of-rebound-amidst-banking-sector-struggles/" rel="noopener noreferrer nofollow">altcoins</a> as well. Stellar (XLM), Solana (SOL), and Polygon (MATIC) witnessed their AUM swell by 40%, 39%, and 20% respectively. The altcoin index also enjoyed a 3.2% rise, touching $1.08 billion from its initial $1.04 billion at July’s dawn.</p> 
<p>Read More: <a href="https://coinpedia.org/altcoin/altcoin-market-awaits-breakout-is-it-right-time-to-buy-altcoins/" rel="noopener noreferrer nofollow">Altcoin Market Awaits Breakout: Is It Right Time To Buy Altcoins?</a></p> 
<h2 id="fineqias-expert-eye" data-name="fineqias-expert-eye" class="wp-block-heading"><strong>Fineqia’s Expert Eye</strong></h2> 
<p>Fineqia, the digital asset and fintech powerhouse, wasn’t just content observing Ripple’s rise. Their in-depth research provided insights into the overall ETP ecosystem, encompassing other cryptocurrencies like Bitcoin and Ethereum, whose prices and AUMs saw minor fluctuations in July.</p> 
<p>They diligently tracked 157 ETPs, incorporating factors like launches or closures, ensuring their data was as precise as a surgeon’s scalpel. And the sources? Esteemed names in the industry like 21Shares AG, Grayscale Investment LLC, and MorningStars, Inc., to name a few.</p> 
<p><strong>Do you think Ripple’s XRP is poised for further growth in the ETP market?</strong></p>

Fineqia Report: Ripple’s XRP Rises 57% in ETP Holdings Post SEC Win

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