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SEC Opens Public Review For SOL, XRP ETF
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#Ripple Hits New Record, Reaching 2,700 Whales 🪷🪷🪷🪷🪷🪷🪷🪷🪷🪷🪷🪷🪷🪷🪷🪷 The trend also extends to "sharks"—wallets holding between 100,000 and 1 million XRP. The crypto ecosystem continues to grow. The altcoin XRP, developed by Ripple Labs, has reached a major milestone: more than 2,700 wallet addresses now hold at least one million XRP tokens. This marks the highest number of “whales”—large-scale investors—recorded on the XRP Ledger in over a decade. According to data from the platform Grok, each of these addresses holds more than $2.21 million worth of XRP at current prices, indicating strong backing from major capital. The trend also extends to “sharks”—wallets holding between 100,000 and 1 million XRP. #xrp $XRP
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ETH/BTC Volatility Hits Five-Year High as Ethereum Gains Momentum
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#ETF :🪷 Trump Media plans holding Bitcoin ( BTC ), Ethereum ( ETH )🪷 🪷🪷🪷🪷🪷🪷🪷🪷🪷🪷🪷🪷🪷🪷🪷🪷 The US Securities and Exchange Commission received a filing from Trump Media, the US President’s affiliated business that operates Truth Social, Truth+, and TruthFi, plans to create a combined exchange-traded fund (ETF) that would track the performance of the two largest cryptocurrencies by market capitalization. The financial vehicle will hold Bitcoin and Ethereum, with 75% of its AUM allocated to the leading digital asset and 25% to the largest altcoin. The news release issued by the Trump Media Group today reaffirms earlier rumors that Crypto.com will be the sole custodian of Bitcoin and Ethereum for the ETF. It will also serve as a “prime execution agent, as well as a staking and liquidity provider.” The ETF sponsored by Yorkville America Digital will be listed on NYSE Arca, pending authorization by the US SEC. According to the announcement, the proposed ETF is not a “security” because shares “may not be sold, nor may offers to buy be accepted, before the registration statement is made.” President Trump has adopted a very different stance on the cryptocurrency sector, and one of the businesses associated with him has filed to introduce a joint Bitcoin and Ethereum ETF, marking another step in the direction of the growing pro-digital asset movements. #TrumpBTCTreasury #etf #BTC #ETH $BTC $ETH
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🪷 #xrp ETF set to List on Canada’s Stock Exchange🪷 🪷🪷🪷🪷🪷🪷🪷🪷🪷🪷🪷🪷🪷🪷🪷 Purpose Investments is leading the effort to introduce the first-ever XRP ETF on the Toronto Stock Exchange, marking a significant milestone for Canada. This development provides Canadian investors with a controlled, accessible way to gain exposure to XRP without direct cryptocurrency trading.. The Purpose XRP ETF will provide a range of ticker options to accommodate varying currency preferences, enhancing investor flexibility. Purpose Investments is launching the first XRP ETF in Canada on the TSX with multiple currency options, allowing investors direct access to XRP. Canadian investors with brokerage accounts can begin trading the Purpose XRP ETF starting June 18 by searching for the relevant ticker symbols, XRPP, XRPP.B, or XRPP.U on their online trading platforms. This ETF will hold XRP tokens directly, providing investors access to a regulated financial product on the Toronto Stock Exchange that tracks XRP’s price movements. Unlike traditional cryptocurrency purchases, this ETF offers a well-known investment vehicle that can be accessed through regular brokerage accounts, eliminating the need to navigate cryptocurrency exchanges or manage wallets. Its performance closely reflects the market value of the underlying asset, as XRP is directly backed by the ETF, providing true exposure to XRP price volatility $XRP #XRP #Xrp🔥🔥 #Ripple
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