Grayscale Allegedly Dumps Over 9 Million XRP Following SEC Lawsuit Against Ripple

Grayscale Allegedly Dumps Over 9 Million XRP Following SEC Lawsuit Against Ripple
фото показано с : zycrypto.com

2021-1-1 23:59

Top digital asset management firm Grayscale has allegedly dumped more than 9 million XRP from its portfolio following the SEC lawsuit against Ripple. According to a snapshot of the Grayscale investment holdings page, the XRP was sold on 29 December 2020. This coincides with when XRP crashed below $0.2.

XRP has experienced a steep drop in the last one week after the SEC filed a lawsuit against Ripple, CEO Brad Garlinghouse, and Co-founder Chris Larsen. The suit claims that the company and the two executives have been selling securities to investors in an unregistered ICO. This has led to several actions that have not worked out in XRP’s favor.

Delisting could affect XRP greatly

Several exchanges have stopped trading the 4th largest cryptocurrency by market capitalization. The exchanges include Coinbase, Bitstamp, and OkCoin. This could have contributed significantly to XRP’s crash that many say was long overdue.

Grayscale selling a big chunk of XRP held in its XRP fund is however a major development that could further worsen the situation with XRP. The platform is the largest digital asset management platform with many institutional and individual clients. Grayscale has been buying Bitcoin and Ethereum aggressively this year and seems likely to continue as more investors troop to crypto.

Such a platform selling XRP could be devastating and could lead to investors losing confidence in the asset eventually. Ripple CEO Brad Garlinghouse had earlier this year stated that Ripple would move its headquarters to London where XRP is not considered as a security. In a series of tweets, he also stated that the SEC lawsuit isn’t just a fight against Ripple or XRP but it was a fight against the entire cryptocurrency space.

Crypto-related startups have been complaining about the lack of clear regulations for the crypto industry in the U.S. This is supposedly the reason that crypto exchange Bittrex and a number of others have left the country for other countries that are more friendly to the crypto space. There is no ruling on the suit yet but XRP is already greatly suffering. The asset currently trades at $0.21 having dropped another 10.22% in the last 24 hours.

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Ripple (XRP) на Currencies.ru

$ 2.2591 (-0.10%)
Объем 24H $12.215b
Изменеия 24h: 0.59 %, 7d: -5.92 %
Cегодня L: $2.1858 - H: $2.2889
Капитализация $129.341b Rank 4
Цена в час новости $ 0.2222 (916.7%)

xrp grayscale against ripple lawsuit sec allegedly

Источник: zycrypto.com

xrp grayscale → Результатов: 35


Grayscale Confirms Liquidation of Its XRP Trust; Forced By SEC Legal Battle With Ripple

Grayscale has successfully sold off all XRP Investment Trust shares. The preemptive action is due to an industry-wide dissociation from XRP, following the SEC's suit. Grayscale Investments has confirmed its dissolution of all XRP holdings, marking yet another company dissociating itself from the embattled digital asset at a dire time.

2021-1-14 16:44


Grayscale Investments ликвидирует инвестиционный траст на базе XRP

Компания Grayscale Investments объявила о ликвидации своего инвестиционного траста на базе XRP. На решение повлиял иск Комиссии по ценным бумагам и биржам США (SEC) к Ripple от 23 декабря. Earlier today we announced that we've commenced the dissolution of our $XRP Trust.

2021-1-14 11:11


Grayscale сообщили о ликвидации инвестиционного траста на базе XRP

Компания по управлению цифровыми активами Grayscale Investments анонсировала ликвидацию своего инвестиционного траста на базе XRP. Согласно пресс-релизу, на решение Grayscale повлиял иск Комиссии по ценным бумагам и биржам США (SEC) к эмитирующей XRP компании Ripple.

2021-1-14 08:56


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Grayscale запустит телевизионную кампанию о Ripple XRP

Фирма Grayscale запустит телевизионную кампанию в том числе и о Ripple XRP, чтобы информировать людей о криптовалюте. Grayscale запустит телевизионную кампанию о разных криптовалютах, среди которых в том числе и Ripple XRP.

2020-8-11 13:22


Grayscale снижает долю XRP, BCH и LTC в своем фонде

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FINRA approves Grayscale DLC; basket includes Bitcoin, Ethereum, XRP

Grayscale Investments got a green light from FINRA for a publicly-quoted security that derives its value from a basket of digital currencies, similar to ETF. The news was made official through a press release, which read, “Shares of Grayscale® Digital Large Cap Fund (DLC) have received approval from FINRA for public quotation under symbol: GDLCF […] The post FINRA approves Grayscale DLC; basket includes Bitcoin, Ethereum, XRP appeared first on AMBCrypto.

2019-10-15 21:30


XRP flirts close to descending triangle base; squeeze to prolong altcoin descent

XRP is feeling the squeeze. The past week was a roller coaster for XRP. A ratings council consisting of cryptocurrency exchanges like Coinbase, Kraken and Bittrex, and institutional players like Grayscale, DW Trading and Genesis Trading stated that XRP used “securities-like language,” and that it is more akin to being classified as a “security,” than […] The post XRP flirts close to descending triangle base; squeeze to prolong altcoin descent appeared first on AMBCrypto.

2019-10-5 14:30


XRP Rated as Security while Bitcoin, Litecoin, & Monero has the Least Score: Crypto Rating Council

Cryptocurrency exchanges and investment platforms have taken it upon themselves to determine which crypto asset is a security and which isn’t. Coinbase, Kraken, Bittrex, Circle, Genesis, Grayscale, DRW Cumberland, and Anchorage have come together to create the Crypto Rating Council to decide which digital assets can and cannot trade on their platforms. The framework results […]

2019-10-1 21:54


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Grayscale Reports $3.2 Million Average Weekly Investments in Bitcoin Trust

The first quarter of 2019 was bullish for the digital asset management firm Grayscale Investments and the company is gearing up to have another run. According to a first quarter “Digital Asset Investment Report” from the company, published on May 13, 2019, product inflows from Grayscale Investments grew by 42 percent over Q4 2018.

2019-5-15 19:23


Grayscale Q1 Report: Bitcoin Dominance Increases By 1.5%, XRP Share Cuts Down Exclusively By 2.7%

Grayscale Q1 Report: Bitcoin Dominance Increased By 1.5% While XRP Share Cuts Down Exclusively By 2.7% Grayscale, the digital asset manager’s Q1 report reveals the highest increase in the weight of Bitcoin (BTC) followed by Litecoin (LTC) in contrast with the sole deduction of the biggest percentage in the XRP share. The report for the […]

2019-4-7 23:13


Grayscale Investments: Институциональные инвесторы переключаются на XRP

Компания Grayscale Investments, запущенная Digital Currency Group в сентябре 2013 года, стала крупным игроком финансового пространства, оказывающим значительное влияние на рынок цифровых валют. Она управляет криптовалютными инвестиционными трастовыми фондами, работающими на внебиржевом рынке (OT...

2018-10-11 21:18


Grayscale Investments представила квартальный отчет для Digital Large Cap Fund

Инвестиционная компания Барри Силберта Grayscale Investments представила квартальный отчет для одного из своих фондов, ориентированного на институциональных инвесторов — Digital Large Cap Fund.

2018-7-10 16:19


Grayscale Investments запустит криптовалютный фонд на основе ZenCash

Инвестиционная компания Барри Силберта Grayscale Investments объявила о предстоящем запуске девятого по счету криптовалютного фонда для аккредитованных инвесторов ZenCash Investment Trust. ANNOUNCEMENT: We are excited to share that we will launch our 9th product, ZenCash Investment Trust, during Q3! Learn more about $ZEN ➡ https://t.

2018-6-15 10:36


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