XRP Price Lags Institutional Infrastructure Despite Regulatory Progress

T. Rowe Price's first actively managed multi-token ETF, TKNZ, has been launched on the NYSE Arca with roughly $15 million in seed capital.

The fund allocates 9.37% of its portfolio to XRP, nearly three times the token's proportional weight in the broader crypto market.

XRP's price remains stagnant at around $1.10, barely 8% above a 52-week low of $1.01 touched in late June.

The launch coincided with Ripple securing full compliance with the European Union's Markets in Crypto-Assets regulation, earning the right to offer services across all 30 countries of the European Economic Area without needing country-by-country licenses.