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ETF Issuer Says XRP Is A Tactical Play For Institutional Investors, Here’s Why

by admin August 21, 2025

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Institutional confidence in the cryptocurrency market is gaining new momentum, particularly with XRP, which is increasingly becoming a focal point for investors. A recent release by ETF issuer WisdomTree, now circulating across the social media platform X and amplified by crypto commentator SMQKE, is projecting XRP as a “tactical onshore play” for institutional portfolios.

The endorsement shows the growing sentiment that XRP is no longer just a speculative asset, with many fervent bullish proponents predicting a $1,000 price point in the near future.

XRP As A Tactical Onshore Play

According to ETF issuer WisdomTree, the unique advantage XRP now offers is its fully onshore accessibility through CME-listed futures. This eliminates the reliance on offshore venues that often expose investors to shallow liquidity and weaker regulatory oversight. In essence, the full onshore access of XRP makes it a viable gateway to consistent basis yield harvesting, especially valuable in fast-moving and volatile conditions in the crypto market.

Basically, recent crypto market dynamics have made it possible that institutional traders can directly access basis trading opportunities in XRP without leaving regulated markets, a development that makes the asset particularly attractive for large-scale portfolio managers.

However, many XRP proponents would argue that the cryptocurrency is yet to reach its full potential when it comes to being the tactical play for institutional investors. The most important thing right now is the launch of Spot XRP ETFs in the US market. A Spot XRP ETF would mirror the trajectory that Bitcoin followed in early 2024, when Spot ETF approvals by the SEC unleashed billions in inflows into the cryptocurrency.

Interestingly, the SEC has set a final deadline for deciding on several XRP-linked spot ETF applications by mid-October. For instance, the regulator must decide by October 18, 2025, whether to approve Grayscale’s request to convert its XRP Trust into a spot ETF. According to Eric Balchunas, a senior ETF analyst for Bloomberg, the odds of an XRP ETF hitting the US market soon are at 95%.

Bitcoin, Ether, And Solana As Institutional Benchmarks

The release by WisdomTree also looks at how different digital assets occupy particular roles among institutional investors. Bitcoin, through CME-listed futures, is the institutional “gold standard,” with the deepest liquidity and the most reliable structure for basis trading. According to the ETF issuer, Bitcoin CME futures are always trading at an annualized premium to spot, which makes them the cleanest in terms of scalability for yield harvesting.

On the other hand, Ether is the smart beta to Bitcoin’s benchmark, while Solana was described by WisdomTree as the high-octane yield enhancer. Solana, like XRP, is still in its early stage compared to Bitcoin and Ether among institutional investors, but with the potential for higher returns due to staking rewards boosting its basis trades. However, despite these other crypto heavyweights, WisdomTree proclaimed XRP as the best tactical onshore play.

XRP trading at $2.9 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

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August 21, 2025 0 comments

NFT Gaming

Ripple CTO: Satoshi Was Bitcoin’s Issuer

by admin June 22, 2025

Ripple CTO David Schwartz has opined that Satoshi Nakamoto, the pseudonymous creator of Bitcoin, was once the issuer of the leading cryptocurrency.

“One could argue Satoshi was once Bitcoin’s issuer,” the executive said.

The reasoning is based on the fact that Satoshi launched the network and mined the early blocks.

Ripple CTO: Satoshi Was Bitcoin’s Issuer

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The Ripple CTO also pointed to the fact that Ethereum, the main altcoin by market cap, had an issuer during its pre-sale.

Is Ripple the “issuer” of XRP?

The comment was made amid a discussion about whether or not Ripple can be considered an issuer of XRP.

Schwartz has reframed the idea of an “issuer” away from who created the token to who supports and structures its financial ecosystem.

This means that the exchanges that provide markets for XRP could be viewed as the token’s main issuers.

If one defines the term “issuer” narrowly (as in “who created the token?”), some might say Ripple could be considered the token’s issuer. However, if one applies a broader definition, the company’s role becomes substantially smaller.

XRP was “literally worthless”

Schwartz also noted that XRP was “literally worthless” at launch. In fact, the prominent Ripple executive was not even certain whether or not the ledgre stream was going to continue.

This essentially means that there was no original intend to create an asset that would hebe markable, and there was no trading ecosystem behind it.

Could Schwartz be Satoshi?

There has been some speculation that the architect behind the XRP Ledger could be the man who started it all. As reported by U.Today, Schwartz previously denied that he is Satoshi.

The prominent Ripple executive claims that he first discovered Bitcoin back in 2011, which happened way after the launch of the original cryptocurrency.

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June 22, 2025 0 comments

Crypto Trends

USDC Issuer Circle Spikes After Wall Street Firm Initiates With Buy Rating

by admin June 21, 2025

In brief

Circle (CRCL) surged 14% to $228 after Seaport Global initiated coverage with a buy rating and $235 price target, calling it a “top-tier crypto disruptor.”
The rally was fueled by the Senate’s passage of the GENIUS Act stablecoin legislation, which would create the first federal framework for dollar-pegged stablecoins.
Circle and Coinbase both benefited from the regulatory momentum due to their revenue-sharing agreement on $61.2 billion in USDC cash reserves, while Robinhood declined 1.65%.

USDC issuer Circle was buoyant in pre-market trading Friday, climbing above $236 ahead of the opening bell. That put it ahead of the $235 price target set by Wall Street research firm Seaport Global, which initiated coverage of the company today with a buy rating.

But once the bell rang, the company’s stock, which trades on the NYSE under the CRCL ticker, settled and is currently changing hands around $228, or 14% higher than its previous close.

Seaport announced that it was initiating coverage of Circle on Friday, before markets opened. The firm’s analyst Jeff Cantwell called the stablecoin issuer “top-tier crypto ’disruptor’,” and said he thinks the $260 billion stablecoin market will balloon to $2 trillion.

In the analysis, which Cantwell shared with Decrypt, Cantwell wrote that USDC was always meant to be disruptive. ““Early on, Circle’s founders envisioned the development of an ‘HTTP for Money’, to make money more frictionless in order to help raise global economic prosperity,” he said.

Cantwell also predicted that investors will see Circle’s annual revenue grow up to 30%, with gross margins around 40%, as it continues to scale.

And although interest rates are working in Circle’s favor now, he said the company’s strength could also be its biggest risk. “Nearly all of Circle’s revenue still comes from interest earned on reserve assets — 99% in both 2023 and 2024,” he wrote. “This is both a strength and a risk if interest rates fall.”

Both Circle and crypto exchange Coinbase have captured a lot of investor attention since the Senate voted in favor of key stablecoin legislation, the GENIUS Act, on Tuesday afternoon. That’s because the two companies have an agreement that sees them splitting the interest earned on the $61.2 billion worth of cash reserves backing the company’s stablecoin tokens.

The GENIUS Act, if signed into law, would represent the first comprehensive federal framework for U.S. dollar-pegged stablecoins.

Coinbase, which trades on the Nasdaq under the COIN ticker, started Friday 3% above its Wednesday close. (Remember: Markets were closed in the U.S. on Thursday, June 19, in observance of Juneteenth.)

But trading platform Robinhood—which is less exclusively tied to crypto assets and doesn’t have links to a stablecoin—got off to a bumpy start on Friday morning. The company, which trades on the Nasdaq under the HOOD ticker, is trading for $76.76, or 2% lower than it was on Wednesday afternoon.

HOOD on Wednesday hit a 52-week high of $77.83, surpassing the $61 price target set for it by Deutsche Bank and $69 set by Cantor Fitzgerald earlier this year.

But it has a ways to go before it closes in on the $90 price target of Summit Redstone Partners’ Michael Cyprys.

Just last week, Robinhood reported that total platform assets grew to $225 billion in May, up 10% from April and a staggering 89% hike compared to the same time last year.

Edited by James Rubin

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June 21, 2025 0 comments

NFT Gaming

USDC Issuer Circle Prices NYSE IPO at $31 Per Share, Valuing Stablecoin Firm at $6.2 Billion

by admin June 4, 2025

Circle priced its initial public offering (IPO) on Wednesday at $31 per share, above the expected range of $24 to $26.

The company sold around 34 million shares in the offering for a valuation of $1.1 billion. Bloomberg pegs the total amount raised in the IPO at $6.2 billion.

Circle initially planned to offer just 24 million Class A shares, with 9.6 million coming from the firm itself and the remainder from early stakeholders. But as demand soared, the offering ballooned to more than 10 times the original amount.

The stablecoin issuer will begin trading on Thursday on the New York Stock Exchange (NYSE) under the ticker “CRCL.”

This initial public offering (IPO) marks the second major crypto company to go public under the Trump administration, after eToro listed last month.

The stablecoin issuer’s road to the public markets has been long. It first attempted to go public in 2021 through a special purpose acquisition company (SPAC). That deal eventually collapsed, though Circle never stopped pursuing its IPO ambitions.

Circle issues USDC, the second-largest U.S. dollar-pegged stablecoin in circulation, which has become a backbone for many crypto trading pairs and decentralized finance applications. Going public gives the company access to deeper capital markets and increased regulatory scrutiny, potentially helping shore up investor confidence in the wake of recent volatility in crypto markets.

The firm’s entrance to the NYSE comes amid renewed interest in digital assets and as U.S. legislators weigh clearer rules for stablecoins and their issuers, potentially giving publicly traded issuers an edge.

Sen. Bill Hagerty, the main sponsor of the Senate’s stablecoin bill, said on Bloomberg earlier Wednesday that the Senate needs to pass that piece of legislation as soon as possible, arguing that it would protect consumers while keeping more issuers and other companies in the U.S.

“We have broad agreement, with respect to the content of this stablecoin legislation,” he said. “This is going to, I think, take us into the 21st century, in terms of upgrading our payment systems … Because every one of these stablecoins will be backed up dollar for dollar with U.S. treasuries.”

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

UPDATE (June 4, 2025, 22:18 UTC): Adds Hagerty comment.
UPDATE (June 4, 2025, 23:07 UTC): Updates headline and story throughout to clarify that Circle will start trading tomorrow.

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June 4, 2025 0 comments

Crypto Trends

Stablecoin issuer Circle upsizes IPO to over $1 billion

by admin June 4, 2025

Stablecoin issuer Circle Internet Group, Inc. has again boosted its initial public offering to $1.05 billion, pricing its shares above its previous marketed range.

The USDC (USDC) stablecoin manager said on June 4 that it will now to offer 34 million shares at a price of $31 each when it debuts on the New York Stock Exchange on June 5.

Previously, Circle was offering 32 million shares at a range of $27 to $28 per share, up from its first advertised offering of 24 million shares priced between $24 and $26.

The latest IPO pricing gives Circle a valuation of $6.9 billion based on the outstanding shares listed in an earlier regulatory filing.

Asset investment giant BlackRock has reportedly flagged plans to snap up a minimum 10% stake in the stablecoin giant upon its public debut.

Legal Panel: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight

This is a developing story, and further information will be added as it becomes available.

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June 4, 2025 0 comments

NFT Gaming

Bitcoin (BTC) Price Rebounds to $105K After Moody’s Downgrade; Crypto ETF Issuer Sees 35% Upside

by admin May 19, 2025

Cryptocurrencies regained footing on Monday after a rocky start to the trading session, mirroring a broader recovery in risk assets as traders digested Moody’s downgrade of U.S. government bonds.

Bitcoin

notched a strong rebound after slipping to as low as $102,000 early in the U.S. session, following its record weekly close at $106,600 overnight. The largest cryptocurrency by market cap climbed back to $105,000 in afternoon trading, up 0.4% over 24 hours. Ether rose 1.2%, reclaiming the $2,500 level.

DeFi lending platform Aave

outperformed most large-cap altcoins, while the majority of the broad-market CoinDesk 20 Index members still remained in the red despite advancing from their daily lows. Solana , Avalanche and Polkadot were down 2%-3%.

The bounce extended to U.S. stocks, too, with the S&P 500 and Nasdaq erasing their morning decline.

The early pullback in crypto and stocks came after Moody’s late Friday downgraded the U.S. credit rating from its AAA status. The move rattled bond markets, pushing 30-year Treasury yields above 5% and the 10-year note to over 4.5%.

Still, some analysts downplayed the downgrade’s long-term impact on asset prices.

“What does [the downgrade] mean for markets? Longer-term – really nothing,” said Ram Ahluwalia, CEO of wealth management firm Lumida Wealth. He added that in the short term there might be some selling pressure centered on U.S. Treasuries due to large institutional investors rebalancing, as some of them are mandated to hold assets only in AAA-rated securities.

“Moody’s is the last of the three major rating agencies to downgrade U.S. debt. This was the opposite of a surprise – it was a long time coming,” Callie Cox, chief market strategist at Ritholtz Wealth Management, said in an X post. “That’s why stock investors don’t seem to care.”

Bitcoin targets $138K this year

While BTC hovers just below its January record prices, digital asset ETF issuer 21Shares sees more upside for this year.

“Bitcoin is on the verge of a breakout,” research strategist Matt Mena wrote in a Monday report. He argued that BTC’s current rally is driven not by retail mania, but by a confluence of structural forces, including institutional inflows, a historic supply crunch and improving macro conditions that suggests a more durable and mature path to fresh all-time highs.

Spot Bitcoin ETFs have consistently absorbed more BTC than is mined daily, tightening supply while major institutions, corporations such as Strategy and newcomer Twenty One Capital accumulate and even states explore creating strategic reserves.

These factors combined could lift BTC to $138,500 this year, Mena forecasted, translating to a roughly 35% rally for the largest crypto.

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May 19, 2025 0 comments