New York, January 24, 2026, 12:18 (EST) — Market closed.
- Over the past 24 hours, XRP slipped roughly 1.5%, hovering around $1.91 during weekend trading.
- ARK has filed to roll out crypto ETFs tied to the CoinDesk 20, bringing baskets of top tokens back into the spotlight.
- Traders are gearing up for the Fed’s Jan. 27–28 meeting while also eyeing potential SEC moves on fresh ETF filings.
XRP slipped about 1.5% on Saturday, hovering near $1.91 as crypto markets lacked clear momentum while U.S. exchanges remained closed for the weekend. Trading volume hit roughly $1.6 billion, according to CoinGecko data.
The pullback came after ARK Investment Management filed paperwork to launch an ETF linked to the CoinDesk 20 index — a listed product designed to track a specific market. ARK submitted an S-1 registration statement for the ARK CoinDesk 20 Crypto ETF with the U.S. Securities and Exchange Commission, with plans to list the shares on NYSE Arca, according to the filing. 1
ARK has also submitted a filing for an “ex-Bitcoin” version of the product, aiming to offer broad crypto exposure without heavy weight on any single asset. The firm expects these shares to trade on NYSE Arca, according to the SEC filing cited in a Reuters brief. 2
The CoinDesk 20 index weights its components by market cap, applying caps and rebalancing every quarter, according to a CoinDesk Indices factsheet. Dated Dec. 31, 2025, the factsheet shows XRP as the third-largest holding at 19.88%, trailing bitcoin at 32.42% and ethereum at 20.69%, with solana following at 12.88%.
The registration documents outline plans to use CoinDesk 20 Index futures—cash-settled derivatives that track the index—instead of holding the tokens directly. The filing details the index as a basket of the 20 largest crypto assets by market cap, excluding stablecoins, memecoins, and certain other categories. It also notes the futures trade on ICE Futures U.S. 3
ICE’s product specs shed light on the futures market details. The CoinDesk 20 Index futures contract is set at 10 times the index value, trading runs from 8:00 p.m. to 6:00 p.m. New York time, with sessions restarting Sunday evening, according to ICE. 4
Ripple CEO Brad Garlinghouse, addressing the World Economic Forum in Davos this week, said the crypto sector has moved past a tough 2025. “I’ll go on record as saying I think we’ll see an all-time high,” he told CNBC, according to Decrypt, though he didn’t specify a target for XRP. 5
The broader market offered little support. Bitcoin slipped roughly 1.3% in the past 24 hours, according to CoinGecko data, trading near $89,100. 6
Ether hovered near $2,952, with CoinGecko reporting a modest dip of around 0.5% over the past 24 hours. 7
The next key macro checkpoint arrives fast. The Federal Reserve has a two-day policy meeting set for Jan. 27–28, followed by a press conference on Jan. 28. 8
The markets have been volatile, rattled by geopolitics and interest rate moves. “It’s been a little bit of a short but steep roller-coaster ride,” Yung-Yu Ma, chief investment strategist at PNC Financial Services Group, told Reuters this weekend. Investors are now focusing on the Fed and a packed earnings calendar for clues. 9
But these ETF filings are just the first step. The SEC might request adjustments, and their decision process can drag on for months. Product design plays a big role, too—futures-based ETFs often incur extra costs when contracts roll over in choppy markets. On top of that, XRP still reacts sharply to regulatory news, and its thinner liquidity on weekends makes risk-off moves sting even more.
Traders start the week focused on potential SEC responses to the ARK filings, with eyes also on the Fed’s rate decision and press conference scheduled for Jan. 28. These events could shift risk appetite, despite not being directly related to crypto.
