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The US SEC has announced that it will push its decision on the Bitwise Dogecoin ETF and the Grayscale Hedera ETF till November 12 of this year. Bitwise initially filed its S1 application in January, later making amendments in June. The amendments included in-kind creation and redemption Features in the proposal. While Bitwise’s DOGE ETF may be delayed, a Bloomberg analyst says another DOGE ETF may be making its debut later this week. Let’s discuss. Rex-Osprey Dogecoin ETF To Launch On Thursday? Source: Marketforces Africa According to Bloomberg ETF analyst Eric Balchunas, Rex-Osprey’s Dogecoin ETF, DOJE, is slated for a Thursday launch. Balchunas stated that he is “ Pretty sure this is [the] first-ever US ETF to hold something that has no utility on purpose. “ Meme coin ETF era about to kick off it looks like with $DOJE slated for a Thursday launch, albeit under the 40 Act a la $SSK. There's a big group of '33 Act-ers waiting for SEC approval still. Pretty...

Following the conclusion of the SEC and Ripple Labs lawsuit , the latter’s native XRP cryptocurrency is surging in price. The coin is up over 7% in the past week and saw a 12% surge on Friday. In addition, with numerous pending applications from investment firms, the odds of approval for an XRP ETF are rising, according to Bloomberg experts. Indeed, the highly anticipated launches could very well come before 2025 is over. The odds of Spot XRP ETF approval recently fell by 65%. The drop was reportedly due to SEC Commissioner Caroline Crenshaw’s consistent opposition to crypto ETFs, which worried several investing experts. However, Bloomberg senior ETF analyst Eric Balchunas says the reaction was overblown, reaffirming his projections. Since then, sentiment has reversed sharply, with the approval likelihood now surging to around 88%. “Interesting, trades reporting how Polymarket odds of XRP ETF approval went down to 62% after the votes were disclosed, showing Crenshaw voting no, but...

Truth Social’s Bitcoin ETF is moving forward as NYSE Arca filed with the SEC on Tuesday seeking to list the Truth Social Bitcoin and Ethereum ETF. The NYSE Arca SEC filing proposes a fund that would invest 75% in Bitcoin and also 25% in Ethereum, marking Trump Media ETG’s expansion into regulated crypto ETF approval markets right now. Also Read: Solana Spot ETF: CoinShares Seeks SEC Nod for Launch Truth Social Bitcoin ETF Faces SEC Scrutiny and Crypto Split Risks Source: Greek Reporter The Truth Social Bitcoin ETF represents the second filing from Trump Media ETG in less than a month. TMTG, which is majority-owned by President Donald Trump, has accelerated its Bitcoin ETH allocation strategy through regulated investment vehicles. This crypto ETF approval filing follows the Bitcoin-only Trump BTC ETF that was submitted in early June. NYSE Arca filing documents – Source: SEC,gov Crypto.com Partnership Manages ETF Operations TMTG and Yorkville America have partnered with ...

XRP is experiencing a noticeable slowdown in network activity as it struggles to maintain its price above the psychological level of $2. Specifically, the number of new daily XRP accounts created has dropped from an all-time high of 30,641 on December 2 to just 1,822 as of May 25. This represents a staggering 94.05% decline in under six months, according to data from XRP Scans retrieved by Finbold. XRP new accounts activated chart. Source: XRP Scan Notably, the last peak in new accounts coincided with XRP breaking out of a prolonged consolidation phase below $1. That surge in activity aligned with a post-election rally, suggesting renewed investor interest during that period over anticipation of friendly regulation for the sector.  Interestingly, even amid recent positive developments, the pace of new account creation remains subdued.  For example, progress in the legal battle between the Securities and Exchange Commission (SEC) and Ripple continues, ...

Ripple (XRP) continues to make waves in the cryptocurrency market. The token is now forging a new independent path, busy formulating global collaborations to expand its dominions. XRP is also awaiting approvals on its ETF development, a key element that is poised to help Ripple touch and ace new price highs. Here’s how high XRP may surge by May 20. Will it continue to surprise the market in the near future? Also Read: Apple (AAPL): Two Reasons Stock May Be On Its Way Back to $250 Ripple Price Analysis: What Are the Experts Saying? Source: CoinPedia Ripple (XRP) has always been a focused cryptocurrency. Despite the token’s legal encounters with the US SEC, the token never really stopped expanding its base and worked relentlessly in pursuit of revolutionizing the cross-border payments sector. Recently, the Institute of International Finance (IIF) has recognized XRP as a capable alternative to the cross-border payments domain, giving XRP a new fame quotient to bank on. In this Januar...

Summary ⚈ The SEC is set to decide on a spot XRP ETF by June 2025 after settling its case with Ripple. ⚈ Investor optimism is growing as approval odds reach 77% and whale accumulation increases. ⚈ Analysts are eyeing a potential $15 target for XRP but caution against market uncertainties. After the Securities and Exchange Commission (SEC) moved to end its legal battle with Ripple, attention has again shifted to the agency regarding a decision on an investment product related to XRP expected in June. Specifically, in late April, the SEC extended its review of Franklin Templeton’s application for a spot XRP exchange-traded fund (ETF) to June 17, 2025, a date that could be pivotal for the token. Franklin Templeton is among the largest asset managers seeking approval for an XRP-based ETF. If approved, the fund would allow retail and institutional investors to gain exposure to XRP through traditional brokerage accounts, potentially driving the asset’s price upward. ...

2025 has been a year of ups and downs for the cryptocurrency market. Although we are less than two months into the year, a host of assets have struggled to secure significant gains. However, things are turning around. One key asset affected is Ripple, which has recovered 50% of its losses as all eyes are on where XRP will go next. The crypto had gained 13% over the last several days of the week. Moreover, it was poised to face a key resistance level at the $2.33 mark. With long-term holders remaining profitable, historical trends point to a notable bullish price trajectory beginning to form for the token. Source: Outlook Business Also Read: BlackRock Solana & XRP ETFs: $1 Billion BUIDL Fund Fuels Crypto Surge XRP Jumps 13% This Week: So What’s Next? Last week, it was revealed that the US Securities and Exchange Commission (SEC) would delay ongoing filing for an XRP ETF. The move did not spell the need for the crypto-based ETF to be approved but certainly didn’t incite confid...

Litecoin (LTC), long considered the silver to Bitcoin’s gold, has surged back into the spotlight with a price increase of 16.64% in the past 24 hours, climbing to $118.40.  The rally has catapulted Litecoin’s market capitalization from $7.64 billion to $8.95 billion, adding over $1 billion in value in just one day and securing its position as the 20th largest cryptocurrency by market cap. The price surge has ignited bullish sentiment, driven by a mix of regulatory speculation, institutional activity, and technical accumulation. Analysts and investors are increasingly optimistic about Litecoin’s near-term prospects, viewing it as a prime candidate for broader adoption and institutional interest. Picks for you Stellar (XLM) shows ‘high readiness for a bull run’  26 mins ago ...

Choosing between XRP and Stellar (XLM) as potential investments for 2025 isn’t an easy task.  Both tokens have carved out niches in cross-border payments, but their recent performance and unique characteristics could influence where they might stand in the coming year.  Finbold did a deeper dive into each token, with insights from ChatGPT-4o on which might be the better buy for 2025. Picks for you Binance donates $3 million to help flood relief efforts in Valencia, Spain 27 mins ago Binance report finds 97% of meme coins ‘have died’ 20 hours ago Andrew Tate’s crypto crashes over 40% after scam claims 21 hou...

The ETFSwap (ETFS) tokens are currently priced at a discounted rate of $0.03846, however, this utility-laden crypto asset has all the makings of a very outstanding future, and crypto analysts observed that it has the capability to replicate the remarkable successes of Fantom (FTM) and Avalanche (AVAX) in 2021.  ETFSwap’s (ETFS) Tokenization Utility Is The Next Step Forward In Crypto  Tokenization, the outstanding utility of the ETFSwap (ETFS) platform to provide real-world assets (RWA) and exchange-traded funds (ETFs) on the blockchain, is lauded by Larry Fink, the CEO of BlackRock as the next step forward in crypto. The ETFSwap (ETFS) platform will provide an effective means for banks and other financial institutions to transition valuable assets such as bonds, stocks, or funds onto blockchain networks. The ETFSwap (ETFS) platform will tokenize RWAs to offer investors advantages like unrestricted and extended trading hours, improved liquidity, and reduced transac...

Crypto asset manager Grayscale has updated its S-3 filing for a spot Bitcoin (BTC) ETF. According to Bloomberg analyst James Seyffart, Grayscale filed an updated filing with the U.S. Securities and Exchange Commission (SEC) the same day Barry Silbert — CEO of parent company Digital Currency Group — announced his resignation from Grayscale’s board of directors. “Even Grayscale is accepting the SEC’s Cash-only creation/redemption edict. Looks like they’re bending the knee.” James Seyffart, Bloomberg analyst Some crypto market commentators have speculated that Silbert’s departure could significantly increase the chances of Grayscale successfully converting its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, which is currently awaiting an SEC decision. Barry's resignation was @Sonnenshein's X-Mas gift. What to make of @bsilbert resigning from Grayscale? Grayscale has had 9 meetings with the SEC per the table below (h/t @JSe...

In a Nov. 14 post, the cryptocurrency on- chain data Analysis firm Lookon chain reports whale activity amid Ethereum price surge. Notable sales have included a $154 million profit for one whale and a loss of $183 million for another. Whale movement on chain In the thread, Lookonchain points to the whale at address “0xee47,” that has reportedly increased their Ethereum (ETH) holdings by 3,200 ETH, equivalent to approximately $6.7 million. This accumulation comes seven months after the whale initially began acquiring ETH on July 5, 2022. Presently, their holdings stand at 183,742 ETH, valued at around $387.8 million, reflecting an unrealized profit of approximately $154 million. Bullish or Bearish on $ETH? Did SmartMoneys and Whales buy or sell $ETH over the past week? 1/ Here is a thread. pic.twitter.com/8yvCO0UI9H — Lookonchain (@lookonchain) November 14, 2023 In a parallel occurrence, another whale at address “0x78D0” has been actively accumul...