Analysts James Seyffart and Eric Balchunas assessed the likelihood of the SEC approving various ETF products. They claimed that a Litecoin ETF is most likely but gave a few unexpected predictions.
Bloomberg ETF analysts say Litecoin regulatory filings have been acknowledged and the SEC likely views it as a commodity.
Ripple expands in Europe, bringing instant, low-cost blockchain payments to Portugal and revolutionizing transfers on the Portugal-Brazil corridor. Ripple's European Footprint Grows—First Ever Launch of Its Payments Solution in Portugal Ripple announced a partnership with Unicâmbio, a Portuguese currency exchange provider, on Feb.
Top ETF analysts envision an uncertain future for the XRP ETF prospects due to the asset's troubled history under the previous SEC leadership.
Bloomberg ETF analysts Eric Balchunas and James Seyffart have compiled a list of crypto ETF applications that they believe will have shot at being approved by the U.S. Securities and Exchanges Commission (SEC) this year, and assigned a probability of approval to each filing.
The cryptocurrency market continues to evolve, XRP stands on the brink of significant developments. With Bitcoin and Ethereum leading the charge in the realm of spot exchange-traded funds (ETFs), rumors are intensifying that XRP may soon follow suit.
Ripple (XRP) price price punched above the $2.40 mark on Monday February 10, buoyed by renewed market sentiment after a week of volatility from the US-China trade war. On-chain data shows an unusual increase in new XRP wallets created since the US Securities Exchange Commission (SEC) dropped all charges against Ripple in mid-January.
XRP spot ETFs just got hit with bad odds. Bloomberg ETF analysts James Seyffart and Eric Balchunas analyzed the current filings for crypto spot ETFs today and gave XRP a 65% chance of getting approved by the SEC, which is the lowest among the bunch.
Bloomberg analysts James Seyffart and Eric Balchunas have revealed their predictions for the Solana, XRP, Dogecoin, and Litecoin ETFs. As part of their predictions, they outlined the approval odds for each of these crypto ETFs.
The potential approval of a Litecoin ETF could accelerate mainstream adoption of crypto assets, influencing regulatory frameworks globally. The post DOGE, SOL, XRP ETFs lag behind LTC in approval odds: Bloomberg analysts appeared first on Crypto Briefing.
The analysts estimate that Litecoin ETFs filed by Canary and Grayscale have the highest chance of approval.
The U.S. Securities and Exchange Commission could acknowledge the spot exchange-traded fund filing for XRP and Dogecoin as soon as this week. SEC's latest major move was the acknowledgement of the amended Solana (SOL) ETF application by Grayscale.
Cryptocurrency markets are trading slightly up on Monday, with speculation surrounding the odds for the approval of altcoin ETFs. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $97,303.56 +1.1% Ethereum (CRYPTO: ETH) $2,672.76 +1.4% Solana (CRYPTO: SOL) $202.19 +0.99% XRP (CRYPTO: XRP) $2.43 +0.9% Dogecoin (CRYPTO: DOGE) $0.2538 +1% Shiba Inu (CRYPTO: SHIB) $0.00001584 +0.99% Notable Statistics: IntoTheBlock data shows large transaction volume increased by 0.8% and daily active addresses down by 2.5%.
Blockchain company Ripple has launched a partnership with Portuguese currency exchange provider Unicâmbio. The collaboration, announced Monday (Feb. 10), is designed to support instant cross-border payments between Portugal and Brazil through Ripple Payments, the company's digital-asset-focused cross-border payments system.
Litecoin (LTC) has emerged as one of the biggest, yet silent, winners of the crypto market lately as its price has surged by nearly +60% in the past three months.
As anticipation builds for the XRP ETF launch, the crypto community is equally eager for the Ripple lawsuit settlement. While these monumental events are poised to revolutionize the crypto landscape, their arrival timeline remains shrouded in uncertainty.
Barstool Sports founder Dave Portnoy is doubling down on his commitment to the meme coin Stool Prisondente (CRYPTO: JAILSTOOL), even as traders question its future. What Happened: Portnoy, who initially invested hundreds of thousands of dollars in the token, insists he remains committed, despite the coin's struggles.
Ripple is partnering with Unicâmbio to transform cross-border payments between Portugal and Brazil. Unicâmbio, a Portuguese currency exchange provider, will use Ripple Pay to make business faster and easier.
XRP, the native token of Ripple Labs, is gaining notable attention from traders despite ongoing market uncertainty, making it appear more bullish compared to other assets. Today, February 10, 2025, the overall cryptocurrency market is showing signs of price recovery, and traders seem to be finding better opportunities in the XRP token.
XRP price plummeted alongside the broader crypto market but has maintained slight gains in the last seven days. This weekly flow remains a positive spark for retail investors to rally around the asset as sell pressure weakens.
XRP price has moved just 2% over the last seven days, struggling to sustain levels above $2.50 in recent days. Its market cap has now fallen to $140 billion, and its trading volume is up 47% in the last 24 hours, reaching $5.6 billion.
Litecoin (LTC) price shot up a staggering 9% in the past day as the cryptocurrency reclaimed the 20-day EMA.
Ripple disclosed a new partnership with Portuguese currency exchange provider Unicâmbio today. The collaboration, announced on February 10, 2025, will extend the company's crypto-enabled payments solution to Portugal for the first time—particularly aimed at facilitating more seamless transactions between Portuguese and Brazilian markets.
After experiencing a sharp downturn earlier this month amid broader market turbulence, Litecoin (LTC) has rebounded strongly. The cryptocurrency has climbed nearly 10% in a day, trading at $119 at press time, as growing speculation over a potential exchange-traded fund (ETF) drives renewed investor interest.
"A sweep at around $2.10 would be an ideal area to do some business," one analyst assumed.
Litecoin has made a strong comeback. In just one week, its price bounced back, recovering all its recent losses and climbing above $110. This recovery has almost balanced out its performance for the year. With the rate of accumulation still increasing, there's a good chance Litecoin's price could rise even more soon.
As Bitcoin and Ethereum lead the charge with spot ETFs, XRP may be the next cryptocurrency to follow suit. With increasing institutional interest and a growing number of asset managers filing ETF applications, the buzz around an XRP ETF is intensifying.
Ripple continues to expand its global presence with a new strategic collaboration in Portugal and Brazil. The company has announced a partnership with Unicâmbio, one of the leading Portuguese financial institutions, to introduce an innovative crypto payment solution between Portugal and Brazil.
TL;DR Large investors have increased their holdings of Litecoin by 103% in the last week, suggesting a strong bullish momentum. Litecoin's Relative Strength Index (RSI) stands at 54.08 and is still rising, indicating growing buying pressure. LTC's Elder-Ray Index has turned positive, with a potential price target of $124 if the bullish trend persists.
For anyone who purchased the token while it was trading near its multi-year center of gravity near $0.50, XRP became a major portfolio winner in late 2024. Specifically, after spending most of the bull market around the 50-cent mark, the cryptocurrency soared starting in early November and found itself at a new all-time high (ATH) near $3.31 on January 17, 2025.
While Litecoin leads the market with impressive gains, this is how Bitcoin maintains its stronghold above $97,000.
Litecoin (LTC), one of the most recognized cryptocurrencies, has been making waves in the market recently, experiencing impressive gains. Over the past 24 hours, the altcoin has surged by 5.56%, bringing its market capitalization to a substantial $8.536 billion.
Litecoin (LTC) has regained momentum on the market, skyrocketing more than 20% since the past week. With its price surge, LTC remains a top gainer on a daily and weekly basis among the top 20 cryptocurrencies by market capitalization.
Renowned crypto analyst EGRAG CRYPTO speculates that Ripple (XRP) may see a rise in market capitalization to roughly $300 billion; hence, its price would be between $5 and $6. Should XRP exhibit past price trends, its market capitalization may rise to $1.1 trillion, influencing the cost to reach $20.
Another week, another CoinShares report, and another billion-dollar influx into digital asset investment products. The numbers do not lie; there were $1.3 billion in inflows this time, making it five weeks straight of steady capital pouring in.
Ripple, the company behind XRP, has announced a strategic partnership with Portuguese currency exchange provider Unicâmbio. The collaboration aims to facilitate instant cross-border payments between Portugal and Brazil through Ripple's payment solution.
XRP's transaction number metrics lost around 70% from its local top, suggesting a sharp decline in activity in the last few days. The decline in metrics like that suggests an outflow of traders and investors from the network, which is the last thing you want to see amid questionable market performance.
Amid increasing anticipations on XRP exchange-traded funds (ETFs), Nasdaq has taken a bold initiative. In an astounding development, Nasdaq filed 19b-4 forms with the Securities and Exchange Commission (SEC) to introduce CoinShares' XRP ETF and Litecoin ETF.
While Ripple strengthens its global presence, it remains entangled in a legal battle with the SEC in the US. However, with Donald Trump's return to the presidency, Ripple anticipates favorable regulatory shifts and plans to hire 75% of its workforce in the US.
Aptos (APT) joined Litecoin (LTC) as a top performer, gaining 9% over the weekend.
Ripple has been one of the large-cap coins experiencing a significant loss in value over the last couple of weeks. However, the market outlook still remains bullish for the mid-term.
SBI Holdings expands XRP rewards for shareholders as Ripple gains traction in Japan, with adoption potentially influencing XRP's price movements.
Ripple is moving deeper into Europe. This time, it is through a partnership with Portuguese currency exchange provider Unicâmbio, bringing crypto-enabled cross-border payments into Portugal.
XRP trades at $2.42, boasting a $139 billion market valuation and $4.87 billion in global daily transactions, oscillating between $2.32 and $2.45. This narrow band reflects equilibrium amid evolving market forces, with prices stabilizing after recent volatility. XRP XRP's hourly chart reveals horizontal equilibrium, bracketed by resistance at $2.45–$2.50 and support at $2.30–$2.35.
XRP traded relatively subdued on Sunday, following a week of sluggish price action.
This collaboration will introduce Ripple's crypto-enabled payment solution to Portugal. It will enable instant cross-border payments between Portugal and Brazil.
Ripple payments use the XRP Ledger, where users can send and receive different currencies, including fiat money and crypto assets, through a network of financial institutions using the XRP token.
Bitcoin (BTC) is showing signs of recovery, trading around $96,934 after a brief pullback. Market sentiment remains cautiously optimistic as BTC consolidates near crucial support levels.