Ripple’s Quarterly Report Overview

🔵Ripple has released a new quarterly report focused on the XRP market, revealing key information about its token holdings. The report notes that XRP’s status as a non-security remains unchanged, despite the ongoing SEC lawsuit.

🔵Institutional interest in XRP is growing, as evidenced by ETF filings from Bitwise, Canary, and 21Shares. As of September 30, 2024, Ripple held 4.44 billion XRP, with 38.9 billion XRP remaining in escrow. With the release of 1 billion tokens in November, the available balance is expected to decrease to 37.7 billion XRP.

🔵Ripple also transfers tokens to third parties, which could influence the return of XRP to escrow. Observers have speculated that ETFs might source XRP from Ripple, potentially impacting the market dynamics.