Crypto

Proposed XRP lending vaults would limit access to deposits

XRP exchange-traded funds have seen outflows while commentary on the token's price continues. A proposal for XRP lending vaults would limit access to deposits and shape holder risk.

Illustration: A row of round tokens in pink, teal and yellow overlap slightly, printed with bold simple shapes.
Illustration

XRP exchange-traded funds, which are investment funds that trade on stock exchanges, have recently seen money flow out. Market commentators have also published forecasts for XRP's price.

SBI's chief executive, Yoshitaka Kitao, has responded to doubts from XRP holders.

XRP$0.9887down −25.70%over 1 month
$1.37$0.988715 Oct14 Nov

Prices by CoinGecko. Past moves say nothing about future ones.

A separate proposal would create XRP lending vaults. Under the plan, holders would give up immediate access to their deposits in exchange for income funded by borrowers. Optional loss cover and conditions on share sales would shape the level of risk.

$1,000 in XRP

Had you put $ into XRP a month ago, it would be worth – now.

From the prices in the chart, before any fees or taxes. Not a suggestion to buy or sell.

GuideCrypto Fear and Greed Index today: how fearful or greedy the crypto market is

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