Ripple Publishes Its Final XRP Markets Report, Marking the End of an Era

Ripple's final edition of the XRP Markets Report, published for Q1 2025, marks the end of an era. Since 2017, the report has served as a beacon of transparency in the crypto industry.

After four years and sixty final editions, Ripple’s XRP Markets Report is coming to an end.

The report, which began in 2017, will conclude with its last installment for Q1 2025. The report, published on a quarterly basis, has served as a key source of transparency in an industry often shrouded in secrecy.

However, Ripple announced that it will no longer continue the report in its current form starting Q2 2025. The move follows years of scrutiny, which saw Ripple’s openness being weaponized by former SEC leadership.

While the formal report concludes, Ripple confirmed that it will continue sharing updates through its corporate and developer communication channels. Additionally, Ripple will maintain the rolling total of its XRP holdings in a readily accessible location online for public viewing.

This shift in strategy comes at a time of renewed momentum for the XRP ecosystem.

As the dust settles on Ripple’s decisive victory over the SEC, the first quarter of 2025 marks a turning point in the U.S. crypto landscape.

With the SEC now poised to approve or reject the agency’s appeal in the case, both parties have agreed to reduce the financial penalty and vacate earlier injunctions.

However, the broader regulatory shift under the new U.S. administration looms large. After the finalization of the administration’s actions and the SEC Commission’s vote on the appeal become clear, the next stage of this saga will unfold.

Key policy actions throughout the quarter saw the complete repeal of the controversial SAB 121 rule, setting the stage for broader accounting changes that institutions have been preparing for.

Furthermore, the Office of the Comptroller of the Currency provided new guidance to national banks and federal savings associations on crypto custody, expanding their capabilities.

Additionally, the Federal Deposit Insurance Corporation (FDIC) revised its guidance, opening new avenues for greater institutional involvement in crypto.

Bipartisan momentum towards legislation on stablecoins brought forth an updated version of the bipartisan "Stablecoin TEAP Act," aiming to streamline the regulation of stablecoins.

This development follows a period of heightened scrutiny on the SEC’s actions in crypto cases.

After a series of administrative law judges (ALJs) rulings against the SEC and the agency’s withdrawal from several cases, the agency is now poised to make crucial decisions on several pending cases.

Among them is the case against crypto exchange Gemini, which reportedly reached a settlement in March, paving the way for the SEC to pursue a broader case against crypto exchanges.

The SEC is also expected to decide on the administrative law judge’s ruling in December 2024, which found that Coinbase violated federal securities law.

Despite macroeconomic headwinds and tariff-driven volatility that impacted global markets in early February, causing both Bitcoin and Ethereum to experience triple-digit percentage losses, XRP managed to rise nearly 50%.

This resilience enticed institutional investors as Franklin Templeton filed for a U.S.-based spot XRP ETF, converging on the burgeoning market that saw record inflows in 2024.

In another significant development, CME Group announced the introduction of standard bitcoin futures contracts on its flagship futures exchange.

Brazil’s securities regulator, CVM, greenlit the registration of a new ETF focused specifically on Ripple (NYSE:RPL).

Collectively, these coin investment products, which include ETFs, ETNs, and BTC investment trusts, enticed investors with $37.7 million in fresh inflows during the first quarter.

This contribution brought the yearly total to $214 million by the end of March, positioning it as the second-most popular asset class among European investors in 2024. Only U.S. equities attracted larger sums.

Moreover, these figures indicate that investors are increasingly turning to cryptocurrencies as a hedge against inflation and macroeconomic uncertainty.