Spot XRP ETF Raises $270M as GeeFi Expands Crypto Utility
The first Bitwise spot XRP ETF (XRPC) launched on the New York Stock Exchange after recent SEC approval. In its first trading session, the XRP ETF attracted $250 million in assets within 24 hours. Other providers like 21Shares are preparing to list their own XRP funds. These moves signal growing institutional momentum and regulatory clarity for XRP trading. Despite broader access for large investors, everyday spending with XRP remains constrained by slow off-ramp processes. GeeFi addresses this gap with a non-custodial wallet and a Visa- and Mastercard-powered crypto card. The GeeFi app, live on Android and soon on iOS, lets users convert XRP and other tokens into direct merchant payments at millions of outlets. The GEE token fuels rewards, cashback, fee discounts and tiered perks for holders and stakers. The ongoing GEE presale offers tokens at $0.05 each plus a 5% referral bonus. Early participation secures lower pricing before phase 1 concludes.
Bullish
The launch of the first spot XRP ETF follows SEC approval and generated $250 million in day-one inflows, marking a watershed for institutional adoption. Historically, spot ETFs on major exchanges have driven increased trading volume, tighter spreads and upward price pressure—observed earlier with Bitcoin ETF rollouts. Concurrently, GeeFi’s non-custodial wallet and crypto card solution address the long-standing barrier to retail usage by enabling instant payments with XRP and other tokens. In the short term, ETF inflows can boost market liquidity and positive trader sentiment. Over the longer horizon, enhanced regulatory clarity and improved on-ramp/off-ramp infrastructure foster broader adoption, setting bullish fundamentals for XRP. The GEE token’s utility and presale momentum further underscore rising interest in crypto payment bridges.