SEC acknowledges spot XRP and Litecoin ETF filings from CoinShares
Bloomberg ETF analysts estimate that Litecoin funds (90%) have the highest chance of approval, with XRP funds a bit lower at 65%.
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Bloomberg ETF analysts estimate that Litecoin funds (90%) have the highest chance of approval, with XRP funds a bit lower at 65%.
The world's first XRP ETF is almost here, as Hashdex won approval to launch such a product in Brazil. Few details, including a firm release date, have been revealed, but the asset manager claims it will give more information soon.
Crypto analyst Egrag Crypto has provided an ultra-bullish outlook for the XRP price, predicting it could hit a $3.4 trillion market cap. The analyst revealed how this could happen and also boldly asserted that the crypto could hit a trillion market cap in this cycle.
The launch of the world's first-ever XRP spot ETF has been officially approved, and the credit goes to Brazil. Today, the Brazil Securities Commission (CVM) officially greenlit the launch of Hashdex's XRP spot ETF.
The long-drawn-out case between the US Securities and Exchange Commission (SEC) and Ripple appears to be nearing a resolution as an ex-SEC official suggests that the case will be dismissed promptly under “highly favorable terms”.
The highly anticipated end of the Ripple vs SEC lawsuit under the Donald Trump administration will further fuel XRP bullish growth toward price discovery.
The SEC's review of XRP ETF applications could signal increased regulatory acceptance, potentially boosting crypto market legitimacy and growth. The post SEC formally accepts CoinShares XRP ETF application for review appeared first on Crypto Briefing.
In a recent development, Hashdex has received approval from the Brazilian Securities and Exchange Commission to launch the world's first XRP spot ETF. The HASHDEX NASDAQ XRP INDEX FUND is in its pre-launch phase, marking an important milestone for both the cryptocurrency market and Brazil's financial sector, according to Portal do Bitcoin.
XRP has not retested its all-time high (ATH) of $3.84 in the last 30 days. The coin's price has remained below $3 on the cryptocurrency market since the beginning of February.
The race to launch a spot-based XRP exchange-traded fund (ETF) in the U.S. is gaining more traction, with the U.S. Securities and Exchange Commission (SEC) acknowledging a filing submitted by crypto-focused investment company CoinShares.
Given that price performance and on-chain metrics both show an increase in engagement, XRP is exhibiting indications of renewed market activity. The most recent data indicates that traders and investors may be coming back, which would increase demand even though the asset has recently struggled with resistance levels.
US President Donald Trump shared two articles about XRP on Truth Social on Tuesday. The articles discussed Ripple CEO Brad Garlinghouse's claims that the company has seen increased hiring and business opportunities in the US since Trump's election victory in November.
US President Donald Trump's social media posting has resuscitated XRP price from three days of decline, but there's more.
XRP has traded between $2.58 and $2.61 over the last hour and within a tight 24-hour range of $2.48 to $2.64. The digital asset boasts a market cap of $150 billion and a 24-hour trade volume of $4.44 billion, highlighting significant activity in a narrow corridor.
The likelihood of the United States adopting Ripple‘s (CRYPTO: XRP) as a national reserve asset in 2025 remains low, according to Polymarket, despite renewed speculation following Donald Trump's recent social media post about XRP. What Happened: Traders assign only a 15 percent chance to the possibility, even though the President shared an article on Truth Social that detailed Ripple's expanding business activity in the U.S. after his election victory, fueling excitement among the XRP community.
"XRP looks to be breaking out of an ascending triangle on the lower time frames," Ali Martinez maintained.
On February 18, the US Securities and Exchange Commission (SEC) officially acknowledged Bitwise's XRP exchange-traded fund (ETF) filing. However, despite the regulatory progress, XRP's price reaction has remained muted, continuing its downward trajectory.
XRP (XRP 0.33%) has a lot going for it, even if it isn't invincible. During the past five years, its price rose by about 750%, but if you bought the coin at the wrong time -- during several of its many deep dips -- it was still very possible to be underwater on your purchases for a couple of years.
Amid ongoing debates about the decentralization of the XRP Ledger (XRPL), Ripple CTO David Schwartz recently weighed in with an intriguing perspective that challenges critics' misconceptions.
XRP has been consolidating within a symmetrical triangle pattern on the 4-hour chart, suggesting a temporary equilibrium between buyers and sellers. A breakout above resistance could confirm bullish continuation.
The XRP community is buzzing after US President Donald Trump shared Ripple-related content on the social media platform Truth Social. This comes at a time when institutional interest in the digital asset is rising, especially with the US Securities and Exchange Commission (SEC) formally acknowledging more applications for a spot XRP exchange-traded fund (ETF).
Ripple has encountered a slight rejection at the $2.8 mark, leading to a minor decline. However, the asset is approaching a substantial support range, increasing the likelihood of an upcoming bullish rebound in the broader outlook.
The United States Securities and Exchange Commission (SEC) has formally acknowledged three applications for XRP exchange-traded funds (ETFs) within a five-day span. This development has fuelled speculation about the regulator's stance on XRP and its potential classification as a commodity.
Former SEC enforcement chief John Reed Stark has suggested that the US SEC may pause its appeal in the Ripple lawsuit, signaling a broader retreat from aggressive crypto enforcement.
