XRP Utility Under Scrutiny from VanEck

Matthew Sigel, the head of digital assets research at VanEck, has publicly challenged the fundamental utility of XRP. His commentary dives into questioning the real-world relevance of the XRP Ledger and the economic rationale behind investing in the XRP token. This critical assessment from a prominent financial firm executive comes at a dynamic time in the crypto market, particularly as a recently launched spot exchange-traded fund (ETF) has reported the strongest launch performance seen this year, indicating a bifurcated view of the digital asset space's prospects.