- Ripple holds about 35 billion XRP worth $92 billion. This could be put to use in treasury plans or partnerships, such as with Evernorth XRP.
- Evernorth Holdings, backed by Ripple, is merging Armada Acquisition Corp II listed on Nasdaq in a transaction expected to be completed in the first quarter of 2026. The deal could generate over $1 billion.
David Schwartz confirmed, as Ripple’s CTO, that rights can be sold to XRP coins currently held in escrow. It will allow them to sell future tokens while not violating their escrow contract. This confirmation came during the debate over XRP market values. reported CNF
Ripple uses this method to lock XRP tokens and raise funds or capital. Ripple currently holds 35 billion XRP in escrow, valued at approximately $92 billion, which could potentially be used in future treasury or partnership plans, including with firms such as Evernorth XRP.
The following are some of the ways to get in touch with us. mentioned Evernorth Holdings announced in a previous article that it had merged with Armada Acquisition Corp II. This Nasdaq-listed SPAC is a venture to develop digital assets backed by Ripple. This transaction could close as early as the first quarter 2026, and generate more than $1 billion in proceeds.
Evernorth intends to increase its digital asset treasury after the merger. The company aims to become one of world’s biggest XRP holders through purchases on the open-market. XRP, the fifth largest cryptocurrency according to market capitalization has been experiencing significant volatility recently.
As it stands, the XRP is currently trading at $2.46, down 6.22% amid an overall strong crypto market correction. The weekly chart still shows that it is in a good place.
Demand for Spot-XRP ETFs is Growing
The demand for a XRP spot ETF is increasing significantly as Wall Street has launched spot ETFs for Litecoin Solana HBAR this week. According to the CNF, the Bitwise Solana ETF had a successful debut. More than $55 millions in new inflows were registered in the first 24 hours. report.
Bitwise CEO Matt Hougan believes that an ETF for XRP could be even bigger. Matt Hougan is Bitwise’s Chief Investment officer and he expects that a possible XRP Exchange-Traded Fund (ETF) will make a big market debut. Hougan told DL News that the XRP ETF may be a success. “easily become” Within its first months, the fund had surpassed initial expectations by a large margin. He added:
“People underestimate it because the median opinion in crypto is pretty bearish on XRP. But what drives flows? A group of people that buys the asset — and the XRP Army is incredibly bullish and loves XRP.”
Currently there are around 20 XRP-based ETFs pending before the U.S. SEC. These applications trail behind Bitcoin, Solana and each of their 23 filings. Bloomberg Intelligence ETF expert Eric Balchunas says that Ethereum comes in second with 16 pending ETF applications. Balchunas believes that over the course of the year the current number, less than five crypto assets, with ETFs listed, will surpass 200.
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Source: www.crypto-news-flash.com
