BNY Mellon’s Stablecoin Reserves Fund: A Bullish Signal for XRP and Crypto Compliance

BNY Mellon has taken a significant step toward bridging traditional finance and the cryptocurrency market with the launch of the BNY Dreyfus Stablecoin Reserves Fund (BSRXX). This money-market vehicle is specifically designed to help stablecoin issuers comply with the upcoming GENIUS Act, which mandates ultra-safe, highly liquid reserves such as Treasuries and cash equivalents. The fund exclusively invests in short-term securities with maturities under 93 days, ensuring stability and liquidity. Stephanie Pierce, BNY's deputy head of digital assets, emphasized the fund's role in fostering regulatory compliance and institutional adoption. This development is particularly bullish for cryptocurrencies like XRP, as it signals growing institutional confidence and regulatory clarity in the digital asset space. As the GENIUS Act implementation approaches, such initiatives could pave the way for broader crypto integration into mainstream finance, benefiting assets with strong utility, such as XRP.

BNY Launches Stablecoin Reserves Fund Ahead of GENIUS Act Implementation

BNY Mellon has introduced the BNY Dreyfus Stablecoin Reserves Fund (BSRXX), a money-market vehicle tailored for stablecoin issuers preparing for compliance with the forthcoming GENIUS Act. The fund exclusively invests in short-term securities with maturities under 93 days—aligning with the Act's mandate for 'ultra-safe, highly liquid' reserves like Treasuries and cash equivalents.

Stephanie Pierce, BNY's deputy head of investments, emphasized the fund's early availability despite the pending legislation. The structure diverges from traditional money-market funds by imposing stricter duration limits to address liquidity risks inherent in stablecoin reserve management.

Notably, BNY already custodies reserves for major stablecoin players like Circle and Ripple. The MOVE signals institutional readiness to bridge regulatory requirements with yield opportunities, as the GENIUS Act enforces 1:1 reserve backing for dollar-pegged tokens.

Market Expert Unveils XRP ETF Launch Timeline and Fee Structure

Paul Barron, a prominent market analyst, has disclosed a comprehensive calendar for upcoming XRP ETF launches, detailing management fees and expected rollout dates. Canary Capital leads the charge with its '33 Act XRP ETF debut today, featuring a 0.50% fee—Nasdaq has already greenlit the listing.

Franklin Templeton follows mid-November (14th–18th), while Bitwise enters the fray on November 19th–20th with a competitive 0.34% fee. Grayscale, 21Shares, and CoinShares target late November launches, with WisdomTree rounding out the cohort. Bloomberg's Eric Balchunas confirms Nasdaq's formal approval of Canary's XRPC marks the final pre-launch milestone.

XRP Price Prediction: First U.S. Spot ETF Goes Live Today – Breakout to $100 Starting?

The first U.S. spot exchange-traded fund (ETF) tied to XRP debuts today, signaling a pivotal moment for institutional adoption. Canary Capital's XRPC ETF, approved by the SEC, will trade on Nasdaq. Wall Street's appetite for XRP is evident, with REX-Osprey's hybrid ETF already attracting $131 million in assets.

XRP's price stability at $2.10, bolstered by the end of the U.S. government shutdown, hints at a potential rally. A break above the 200-day EMA could propel the token toward $3, with institutional inflows fueling longer-term targets of $5 or beyond.

149 Million XRP Exit Crypto Exchanges In One Day, What’s Going On?

Centralized exchanges have seen a sharp decline in XRP holdings, with over 149 million tokens—worth approximately $336 million—withdrawn within 24 hours. This movement suggests investors are shifting assets to private storage rather than preparing for liquidation.

The timing aligns with heightened speculation around a potential Spot XRP ETF launch in the U.S. this week. Exchange reserves now stand at $6.63 billion, marking one of the most significant single-day outflows in recent months.

Market conditions remain volatile, but accumulation trends are strengthening. The withdrawal of 2% of available supply raises questions about where the liquidity is headed, as anticipation builds for regulatory developments.