In a notable change in the crypto regulatory environment, asset managers are regaining confidence in their pursuit of ETFs. Significantly, CoinShares submitted applications for a spot XRP ETF and a Litecoin (LTC) fund, indicating an increasing enthusiasm for altcoin investment offerings.
XRP is currently at a critical juncture, trading at a key level after breaking its all-time high just eight days ago. Despite the market's inherent volatility, price action remains robust, fueling optimism among investors and analysts.
Grayscale and CoinShares file for Litecoin, Solana, and XRP ETFs as the SEC under Trump establishes a pro-crypto regulatory framework. The post Grayscale and CoinShares target new crypto ETFs including Litecoin, Solana, and XRP appeared first on Crypto Briefing.
Nasdaq has filed an amended rule proposal seeking to introduce in-kind redemptions for BlackRock's iShares Bitcoin ETF (IBIT), according to a Jan. 24 regulatory filing. The adjustment would allow the exchange-traded fund to transfer Bitcoin (BTC) directly to investors during redemptions instead of converting holdings into cash.
A flurry of spot crypto exchange-traded fund files flooded in on Friday looking to track Litecoin and XRP.
The Securities and Exchange Commission had previously only allowed cash redemptions when the spot bitcoin ETFs were approved last January.
Nasdaq, on behalf of BlackRock, is pursuing a potential change to the asset management firm's spot bitcoin exchange-traded fund.
American investment management company BlackRock is pushing for a new redemption model for its ETF product, the iShares Bitcoin Trust (IBIT). Notably, its trading venue, the Nasdaq Stock Market LLC, filed for the in-kind redemption model with the United States Securities and Exchange Commission (SEC).
Ripple Labs has filed a request with the U.S. Court of Appeals for the Second Circuit seeking an April 16, 2025 deadline for its cross-appeal brief in the Ripple vs. SEC case.
Cryptocurrency markets are trading marginally higher on Friday after President Trump's crypto executive order on Thursday. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $105,111.01 -0.2% Ethereum (CRYPTO: ETH) $3,338.66 +1.9% Solana (CRYPTO: SOL) $258.79 +1% XRP (CRYPTO: XRP) $3.12 -1% Dogecoin (CRYPTO: DOGE) $0.3543 -0.3% Shiba Inu (CRYPTO: SHIB) $0.00002006 -0.4% Notable Statistics: IntoTheBlock data shows large transaction volume increased by 6.5% and daily active addresses falling by 0.09%.
ETH and Bitcoin trends diverge as RTX, a unique crypto project, captures attention with unique features and rapid growth. #partnercontent
As Bitcoin strengthens its market dominance, altcoins struggle, with the Altcoin Season Index showing sharp declines.
Ether, the second largest cryptocurrency, has fallen more than 20% against Bitcoin in the last six weeks. With the ETHBTC ratio remaining near a two-month low, sellers are pushing to stabilize the price below $3,400. This pressure has led to a significant drop in an important on-chain metric, indicating potential further declines in its price.
MicroStrategy said that it's taking measures to manage $1.05 billion in corporate debt accumulated while stockpiling Bitcoin.
On Thursday, January 23, US President Donald Trump issued the first-ever executive on cryptocurrencies. The order outlines the formation of a “national digital asset stockpile,” which has prompted questions about whether the United States intends to actively purchase Bitcoin (BTC) or merely incorporate confiscated BTC into a reserve.
Over the past few days, XRP, the native token of Ripple Labs, seems to have been consolidating within a tight range. Amid this, whales have been accumulating the token. $38.
President Donald Trump pledges to make the U.S. the crypto capital of the world and signs a pro-crypto executive order. Plus, BlackRock CEO Larry Fink predicts BTC price will exceed $700,000 and the SEC withdraws a controversial crypto reporting rule.
Ripple Labs has requested a due date for its cross-appeal brief in its ongoing legal battle against the US SEC.
Bitcoiners need to stop letting the extremes of naive idealism and jaded cynicism drive the public discourse.
Calamos Investments has introduced a suite of Protected Bitcoin Exchange-Traded Funds (ETFs), designed to offer exposure to Bitcoin (CRYPTO: BTC) while minimizing risk. What Happened: The flagship ETF provides 100% downside protection over a one-year period, ensuring that investors' principal remains intact even if Bitcoin experiences a significant price drop.
Semler Scientific has announced an increase in its convertible senior notes offering to $85 million from the previously planned $75 million. The company also granted initial purchasers the option to buy an additional $15 million in notes.
BlackRock's spot Bitcoin ETF (IBIT) surpassed $1 billion in inflows in the first two hours of trading today. This comes despite record outflows earlier in the month, displaying the product's dramatic recovery.
According to data from SaylorTracker, MicroStrategy shares are currently trading at a net asset value (NAV) of 1.86x.
Bloomberg Intelligence senior macro strategist Mike McGlone is warning that gold's strong 2024 performance may be a bearish signal for Bitcoin (BTC) and other risk assets.
Bitcoin (BTC) price is up 3% in the last 24 hours. Still, the rally has been relatively muted despite two major developments: the SEC revoking SAB 121 policy, allowing banks to custody crypto, and Trump creating a Digital Asset Stockpile by executive order.
During a recent interview with Paul Barron Network, Morgan Creek Capital's Mark Yusko said that the hedge fund did not actually own any XRP tokens.
Increased user interest in bitcoin during the Chinese New Year celebration could spark another significant price increase for BTC, based on historical data.
TL;DR XRP experienced a 246% growth in its market capitalization in the fourth quarter of 2024, reaching a value of $3.16 per unit. Ripple launched RLUSD, a stablecoin backed by US dollar deposits, with monthly audits, already adopted by platforms like Uphold, Bitso, and MoonPay.
The XRP price is targeting a rally to as high as $10, following another crucial breakout for the crypto. Analyst Javon Marks provided insights into XRP's current price action and why it could record this parabolic rally.
The U.S. government shouldn't stockpile anything but bitcoin.
The US Securities and Exchange Commission (SEC) announced on Thursday, January 23, the rescission of Staff Accounting Bulletin (SAB) No. 121, a directive that had imposed stringent accounting requirements on crypto custody for US banks and financial institutions.
MetaMask is making a multi-chain push, expanding beyond Ethereum as users increasingly explore a broader range of crypto ecosystems.
Latin America's Bitcoin ATM ecosystem reveals striking contrasts in cryptocurrency adoption across the region. El Salvador stands out as the undisputed leader, dominating the landscape with the highest number of Bitcoin ATMs. LATAM leader in Bitcoin ATMs According to Coin ATM Radar, El Salvador has 215 Bitcoin ATMs, far surpassing its regional competitors.
XRP has been at the forefront of discussions within the cryptocurrency market, largely due to the ongoing Ripple vs. SEC lawsuit and significant whale movements.
As the new Trump administration takes the reins in Washington, global banking giants have expressed optimism about expanding their crypto businesses.
Bitcoin ETF accelerated their pace of inflows on bullish expectations and US-based demand. Crypto ETF are becoming more competitive against more traditional investments.
TL;DR Blockchain activity for retail transactions dropped by 19.34%, even as Bitcoin remains above $100,000 and near its all-time high. Interest in cryptocurrencies has grown compared to last year but focuses on isolated events that trigger activity spikes.
Having reclaimed the psychological price of $100,000, Bitcoin has got the crypto community talking about its inclination toward smashing its present all-time high (ATH) of $109,114.
MicroStrategy plans to redeem $1.05B in notes amid Bitcoin tax rule concerns, due to CAMT's impact on unrealized Bitcoin gains. The post MicroStrategy to redeem $1.05B in convertible notes amid concerns over Bitcoin tax rules appeared first on Crypto Briefing.
Bitcoin has recently been trading inside a historically narrow 60-day price range. Here's what usually follows such periods of compressed volatility.
One popular analyst believes XRP could rise to $10 during this bull cycle.
With $47B in Bitcoin holdings, MicroStrategy could face billions in federal taxes under U.S. rules taxing unrealized gains. As the IRS evaluates relief options, the firm's negotiations may influence how cryptocurrency is treated in corporate tax frameworks, setting critical precedents for the industry. The post MicroStrategy Faces Potential Tax Burden on Unrealized Bitcoin Gains: Report appeared first on Cryptonews.
Bitcoin's price experienced a slight dip following its recent all-time high (ATH) of $110,000, with its current trading value hovering around $102,674. After a drop of about 7.3% from the peak, many crypto enthusiasts are now eyeing key levels that could present an excellent opportunity to buy Bitcoin before the price potentially surges again, heading toward a new ATH of $120,000.
Bitcoin is holding firm above $100,000, indicating that every minor dip is being purchased in anticipation of new all-time highs.
MicroStrategy, known for its extensive Bitcoin holdings, faces a potential billion-dollar tax liability due to unrealized gains under the new CAMT. Could this force the company to sell its Bitcoin?
The XRP price is in the spotlight again, as a crypto analyst has shared his short—to long-term prediction for the third-largest altcoin. While the asset has experienced a series of bullish events that have driven its price to its current level, the analyst strongly believes that the cryptocurrency can jump even higher to reach $20.
Ripple has asked for an extension until April 16 to file its next brief in its high-profile battle with the U.S. Securities and Exchange Commission (SEC), according to a letter written on Jan. 23.