XRP ETF Launch Sparks Hope Amidst Market Volatility

The cryptocurrency market experienced volatility following the Federal Reserve’s indication that interest rate cuts might be less likely in December. This led to a four-day decline for XRP, with the probability of a rate cut dropping from 66.9% to 44.4%, according to CME FedWatch data. However, amidst this downturn, the launch of the Canary XRP ETF (XRPC) on Wall Street brought positive news. This debut saw a net inflow of $245 million, making it one of the most successful crypto ETF beginnings ever and setting up a strong foundation for potential XRP acquisitions in the following day.