XRP Ledger Achieves 7.18M Wallet Milestone, Canada’s ETF Surpasses $50M

XRP Ledger Community Reaches 7.18 Million Wallets

The XRP Ledger community expanded to over 7.18 million wallets, marking significant adoption growth. This rise comes alongside Canada’s top XRP ETF exceeding $50 million in AUM, highlighting market interest.

Involved in these achievements are the XRPL community and Canadian asset managers such as 3iQ and Evolve. New wallets have surpassed 800,000 this year, underscoring the increased attention.

Canadian ETF Surpasses $50M AUM Milestone

The XRPL’s expansion has drawn positive sentiment from community members, although some skepticism remains. The ETF’s growth marks a strong institutional endorsement, potentially influencing other investment markets.

As the Canadian ETF crossed the $50 million threshold, it showcases institutional acceptance of XRP, which could enhance its liquidity. The broader digital asset community may see this as a potential growth indicator.

David Schwartz, CTO, Ripple, – “As we continue to observe significant growth in wallets on the XRP Ledger, it reflects a broader participation and adoption in our ecosystem.”

Historical Patterns in XRP and Crypto Adoption

Previous events like the launch of Bitcoin and Ethereum ETFs also led to institutional inflows. The increase in wallet count mimics past debut patterns of major cryptocurrencies like BTC and ETH.

With these developments, XRP could experience further market integration, following trends in other cryptocurrencies. Data suggests increased wallet activity may indicate price volatility in forthcoming market cycles.