#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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Ripple published the XRP report for Q1 2025! Three Major Events Highlighted! Here are the key points to know...
Expectations for a rise continue for XRP, which has experienced one of the biggest rises along with Bitcoin after the election victory of President Donald Trump.
At this point, while the XRP price is holding above 2 dollars, Ripple recently published the Q1 2025 XRP Markets Report.
With multiple significant developments in Q1 2025, the report highlighted substantial gains for Ripple's XRP.
Ripple highlighted three successes in the report: "The acquisition of Hidden Road, the SEC withdrawing its appeal, and the increasing global institutional interest in XRP products."
At this point, Ripple referred to the conclusion of the SEC-XRP case, which has been one of the biggest stories of the year for cryptocurrencies.
Ripple, the penalty was reduced from 125 million dollars to 50 million dollars, and the SEC requested the cancellation of the injunction against Ripple. The regulator accepted to reduce Ripple's penalty from 125 million dollars to 50 million dollars and requested the court to cancel the injunction against Ripple.
The report also noted that institutional interest in XRP products has increased. According to Coinshares data, XRP investment products saw an inflow of 10.5 million dollars in weekly flows, bringing the total inflow since the beginning of the year to 256 million dollars.
The report also revealed that the world's top asset managers applied for XRP ETF in the first quarter. It mentioned Franklin Templeton's XRP ETF application, Volatility Shares' three XRP ETF applications, and the approval of a private XRP ETF in Brazil.
Other important developments include Teucrium's XRP ETF and CME's launch of XRP futures in the US.
Ripple CEO Brad Garlinghouse stated in a post that the first quarter of 2025 is an incredible quarter for Ripple following the achievement of significant milestones in the first three months of the year.
"The first quarter of 2025 was an incredible quarter for Ripple with our acquisition of Hidden Road and the conclusion of the SEC lawsuit; not to mention the global institutional interest in XRP ETPs."
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