XRP Beat Bitcoin by 237% in a Year Without ETFs or Treasury Backing, Now It’s Getting Both and More
The post XRP Beat Bitcoin by 237% in a Year Without ETFs or Treasury Backing, Now It’s Getting Both and More appeared on BitcoinEthereumNews.com. XRP has massively outperformed Bitcoin over the past year without treasury backing and ETFs. What happens now that it’s getting both? Good Alexander, a crypto commentator who describes himself as a financial cyberpunk, recently made this bullish observation surrounding XRP on X. He pointed out that XRP managed to surge past Bitcoin over the last year without the usual institutional support like ETFs or treasury backing. Now that those same advantages are finally coming to XRP, analysts are questioning how far it could run. – Advertisement – XRP Surged 273% Against Bitcoin Without ETFs or Treasury Backing Market data confirms this claim. Specifically, in early July 2024, XRP traded at $0.4753. At the same time, Bitcoin held a price of $62,676. This placed the XRP-to-Bitcoin ratio at roughly 0.000007583. Now, a year later, Bitcoin has climbed to $118,114, gaining a solid 88% over the year. However, XRP performed better. Notably, its price jumped to $3.02, representing an explosive 535% increase. This massive growth pushed the XRP/BTC ratio up to 0.00002556. Essentially, XRP didn’t just gain in dollar terms; it also rose 237% against Bitcoin. This kind of performance is rare, especially when you consider that Bitcoin had the help of multiple ETF listings and widespread adoption in institutional treasuries. XRP achieved more with less. Alexander noted the difference. XRP’s rally came without the things that usually drive large-scale investor interest: no ETF exposure in major U.S. markets, very few companies holding it in treasury reserves, and no native way for users to earn passive income through yield. Now, it is on the verge of welcoming these features. XRP ETFs and Treasury Backing For instance, several XRP ETFs are now entering the market. ProShares will launch its Ultra XRP ETF on NYSE Arca on July 18, offering 2x leveraged exposure to…
The post XRP Beat Bitcoin by 237% in a Year Without ETFs or Treasury Backing, Now It’s Getting Both and More appeared on BitcoinEthereumNews.com.
XRP has massively outperformed Bitcoin over the past year without treasury backing and ETFs. What happens now that it’s getting both? Good Alexander, a crypto commentator who describes himself as a financial cyberpunk, recently made this bullish observation surrounding XRP on X. He pointed out that XRP managed to surge past Bitcoin over the last year without the usual institutional support like ETFs or treasury backing. Now that those same advantages are finally coming to XRP, analysts are questioning how far it could run. – Advertisement – XRP Surged 273% Against Bitcoin Without ETFs or Treasury Backing Market data confirms this claim. Specifically, in early July 2024, XRP traded at $0.4753. At the same time, Bitcoin held a price of $62,676. This placed the XRP-to-Bitcoin ratio at roughly 0.000007583. Now, a year later, Bitcoin has climbed to $118,114, gaining a solid 88% over the year. However, XRP performed better. Notably, its price jumped to $3.02, representing an explosive 535% increase. This massive growth pushed the XRP/BTC ratio up to 0.00002556. Essentially, XRP didn’t just gain in dollar terms; it also rose 237% against Bitcoin. This kind of performance is rare, especially when you consider that Bitcoin had the help of multiple ETF listings and widespread adoption in institutional treasuries. XRP achieved more with less. Alexander noted the difference. XRP’s rally came without the things that usually drive large-scale investor interest: no ETF exposure in major U.S. markets, very few companies holding it in treasury reserves, and no native way for users to earn passive income through yield. Now, it is on the verge of welcoming these features. XRP ETFs and Treasury Backing For instance, several XRP ETFs are now entering the market. ProShares will launch its Ultra XRP ETF on NYSE Arca on July 18, offering 2x leveraged exposure to…
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