Grayscale Files To Convert $600 Million Crypto Fund Into ETF, Expanding Access to Bitcoin, Ethereum, and XRP
Grayscale Investments has filed to convert its private Digital Large Cap Fund into an exchange-traded fund (ETF).
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Grayscale Investments has filed to convert its private Digital Large Cap Fund into an exchange-traded fund (ETF).
XRP extended its downturn for a second straight week as the coin plunged on Monday, nearing a critical breakdown below the $2 support level. The decline follows broader market turbulence intensified by impending U.S. tariffs set to take effect on April 2, 2025.
Polymarket bettors see only a 2% chance of XRP hitting a new record high this April.
Cryptocurrency markets are trading higher on Tuesday as attention turns to President Trump's tariff announcements on Wednesday. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $85,082.96 +2% Ethereum (CRYPTO: ETH) $1,905.15 +3.3% Solana (CRYPTO: SOL) $126.83 +0.6% XRP (CRYPTO: XRP) $2.13 +0.6% Dogecoin (CRYPTO: DOGE) $0.1720 +2.6% Shiba Inu (CRYPTO: SHIB) $0.00001274 +1.9% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 79.5% and daily active addresses up by 29.5%.
Whispers of a potential big jump for XRP are circulating, with one analyst suggesting it could hit $27 by June. This prediction hinges on a look back at how XRP has behaved in the past.
Crypto expert Egrag Crypto has again predicted that the XRP price could rally to as high as $27. The analyst has also revealed the exact timeline for when the altcoin could record this massive price surge.
XRP holders are finding themselves at a crossroads as recent market trends raise questions about the cryptocurrency's near-term future. After a strong bullish run, XRP has hit a rough patch, with technical indicators suggesting the possibility of further declines.
XRP price crashed in the first quarter, erasing some of the gains made in November when it jumped by almost 500%. Ripple (XRP) has entered a bear market after dropping over 35% from its January high.
XRP has formed a bearish head-and-shoulders pattern.
XRP, currently the fourth largest cryptocurrency by market capitalization, has recently shaken off a bearish indication on its chart, surging 6% in the last 24 hours.
The prices of the coins remain in the green zone, according to CoinStats.
In an unexpected move, President Donald Trump has unveiled a bold peace plan for Russia and Ukraine, powered by Bitcoin and XRP.
Ripple-affiliated XRP cryptocurrency has managed to score four consecutive monthly closes above its earlier monthly peak that was recorded in 2017.
With a notable increase in volume and a robust bounce off the $82,000 support, Bitcoin is displaying early indications of a bullish turnaround. Bitcoin has increased to $84,469 with a 2.34% intraday gain.
A crypto analyst has projected a massive bull cycle for the XRP price amid spot ETF speculation and institutional demand. Recent bull predictions come as traders aim for a market recovery after weeks of severe selling pressure.
The current trading environment for XRP reflects consolidation within a cautious downtrend, with prices anchored at $2.12 to $2.135 amid a 24-hour trading range of $2.07 to $2.19, underpinned by a $123 billion market cap and $4.18 billion in trading volume.
Grayscale's ETF conversion could significantly enhance crypto's integration into mainstream finance, broadening retail investor access. The post Grayscale files S-3 to turn Bitcoin, Ether, XRP, and ADA large cap fund into a spot ETF appeared first on Crypto Briefing.
The cryptocurrency market rebounded late on Monday as major cryptocurrencies registered substantial gains. As a result, the crypto market cap is up over 1% and currently sits at $2.69 trillion.
A crypto market crash looks imminent, with Bitcoin, Ethereum, XRP, and Dogecoin witnessing notable declines. This price crash happened following the release of weak manufacturing PMI and JOLTS data, which provides a bearish outlook for the market.
Popular alternative cryptocurrency XRP may be eyeing a major move against its major market counterpart, Bitcoin (BTC), in the near future. The talk is that the altcoin has reached the lower border of the Bollinger Bands range on the daily time frame.
Canary Capital CEO Steven McClurg expects a revival in the NFT market.
Blockchain development firm Peersyst Technology has confirmed the live testnet launch of an Ethereum-compatible sidechain for the XRP Ledger.
XRP has rebounded by 3% in the past 24 hours, yet a negative funding rate suggests that it could collapse again soon. The post Should You Long or Short XRP? Top Traders Split as Signals Flash appeared first on Cryptonews.
Grayscale is looking to convert its private Digital Large Cap Fund, which contains Bitcoin, Ethereum, XRP, and Cardano, to become an ETF.