SEC delays decision on Franklin Templeton’s spot XRP ETF to June 2025
04/30/2025 03:24:55 GMT|ByIbrahim Ajibade
SEC has extended the review period for Franklin Templeton’s spot XRP ETF filing to June 17, 2025.
The Franklin XRP Fund is one of several crypto ETF proposals currently under review, including Ethereum, Dogecoin, and Solana ETFs.
A Bloomberg analyst recently hinted a delay is procedural and does not signal rejection, as seen with earlier Bitcoin and Ethereum ETF approvals.
XRP price dived below $2.30 within hours of the announcement, posting 3% losses on the day.
The Securities and Exchange Commission (SEC) has postponed its decision on Franklin Templeton’s spot XRP ETF, extending the review period to June 17, 2025.
With the content coin trend exploding in April 2025, Zora is trending in crypto circles right now. To build on the hype, the platform has announced an airdrop “for fun.” This guide covers how to claim the Zora airdrop, who is eligible, and a brief explanation of Zora itself. Here’s what to know in 2025.
KEY TAKEAWAYS ➤ To claim the airdrop, users must visit the official Zora site, connect their wallet (on Base), and check eligibility. ➤ Qualifying actions may include minting, buying, or listing NFTs, using Zora’s L2, or referring others. ➤ The $ZORA token is a “fun” token with no governance or equity rights, similar in spirit to a meme coin.
With the content coin trend exploding in April 2025, Zora is trending in crypto circles right now. To build on the hype, the platform has announced an airdrop “for fun.” This guide covers how to claim the Zora airdrop, who is eligible, and a brief explanation of Zora itself. Here’s what to know in 2025.
KEY TAKEAWAYS ➤ To claim the airdrop, users must visit the official Zora site, connect their wallet (on Base), and check eligibility. ➤ Qualifying actions may include minting, buying, or listing NFTs, using Zora’s L2, or referring others. ➤ The $ZORA token is a “fun” token with no governance or equity rights, similar in spirit to a meme coin.
A trio of major Abu Dhabi institutions, including the Emirate’s sovereign wealth fund, have teamed up to launch a new dirham-pegged stablecoin.
Abu Dhabi’s sovereign wealth fund ADQ, the United Arab Emirates’ largest bank, First Abu Dhabi Bank (FAB), and the massive conglomerate the International Holding Company, have partnered to launch the stablecoin, pending regulatory approval, the three companies said on April 28.
The trio said the stablecoin would be regulated by the UAE’s central bank and backed by the country’s currency, the dirham. It will also support use cases such as machine-to-machine and artificial intelligence.
In a first for the United States, the Arizona legislature has officially approved plans to create a strategic Bitcoin reserve. Thanks to the passage of Senate Bills 1025 and 1373, Arizona can now invest up to 10 percent of its massive $31.5 billion in public funds into digital assets, with Bitcoin taking the lead.
The bill passed with 31 ayes, 25 nays, and 4 not voting.
28th April 2025 – (New York) The U.S. Securities and Exchange Commission (SEC) has approved the launch of three XRP futures-based exchange-traded funds (ETFs) by ProShares Trust, which are set to debut on 30th April, as indicated in an SEC filing. ProShares proposed these ETFs on 17th January, shortly before the inauguration of the crypto-friendly President Donald Trump.
The newly approved ETFs include the Ultra XRP ETF, which offers 2x leverage; the Short XRP ETF, providing inverse (-1x) leverage; and the Ultra Short XRP ETF, which offers inverse (-2x) leverage
Airdrops are a well-known source of earning passive income in the ever-evolving world of cryptocurrencies, sparking excitement and speculation. These frequently free distributions of NFTs or cryptocurrency tokens can be used for a number of things, such as bootstrapping new initiatives or rewarding early adopters.
When Tariffs cut in, many people’s Income Taxes will be substantially reduced, maybe even completely eliminated,” Trump wrote in a post on his Truth Social platform on Sunday.
“Focus will be on people making less than $200,000 a year,” he continued.
Trump defended the strategy behind his steep tariffs in his post, maintaining “massive numbers of jobs are already being created, with new plants and factories currently being built or planned. It will be a BONANZA FOR AMERICA!!! THE EXTERNAL REVENUE SERVICE IS HAPPENING!!!”
When Tariffs cut in, many people’s Income Taxes will be substantially reduced, maybe even completely eliminated,” Trump wrote in a post on his Truth Social platform on Sunday.
“Focus will be on people making less than $200,000 a year,” he continued.
Trump defended the strategy behind his steep tariffs in his post, maintaining “massive numbers of jobs are already being created, with new plants and factories currently being built or planned. It will be a BONANZA FOR AMERICA!!! THE EXTERNAL REVENUE SERVICE IS HAPPENING!!!”
Brazil has achieved a major milestone, having recorded the success of being the first country to introduce a spot XRP exchange-traded fund (ETF). Brazil’s leading asset manager, Hashdex, added the XRP spot ETF to the B3, Latin America’s largest exchange market, under the symbol XRPH11 on April 25.
The new ETF is tied to the Nasdaq XRP Reference Price Index, which provides Brazilian investors with a new way to invest in XRP through an exchange-traded instrument. Genial Investimentos will be the platform through which the fund will be operated, and Genial Bank SA will act as the fund’s custodian. Hashdex intends to invest at least 95% of the value of the fund in XRP through futures, securities, and other means.
Hashdex received the sign-off from Brazil’s Securities and Exchange Commission (CVM) to launch the XRP-based ETF back in February. After the approval by the country’s financial investments regulator, the fund entered into a pre-operational phase. The ETF was undergoing preparatory steps during this time and was not available for trading.
XRP is the industry’s fourth most valuable cryptocurrency with a $158 billion market cap as of this writing. But despite its dominance in the cryptosphere, regulatory obstacles have effectively hindered the launch of a spot exchange-traded fund (ETF) until now.
Asset manager Hashdex has launched the Hashdex Nasdaq XRP Fundo de Índice, or Hashdex Nasdaq XRP FI, according to a press release from Valor Econômico.
Managed by Hashdex and administered by Genial Investimentos, the XRPH11 ETF offers investors a regulated, secure, and efficient gateway to XRP exposure without the need to directly hold or manage the token.
The XRPH11 fund tracks the Nasdaq XRP Reference Price Index and is designed to invest at least 95% of its assets directly in XRP or XRP-related derivatives. Samir Kerbage, Chief Investment Officer at Hashdex, commented, “XRPH11 is part of our mono-asset fund line, aimed at sophisticated and institutional investors looking to diversify their crypto portfolios on B3.”
This development marks a significant milestone not only for the Ripple market but also for the broader crypto investment ecosystem. By providing regulated access to Ripple crypto through the B3 exchange, Brazil has positioned itself as a progressive player in global digital asset markets.
Key Levels to Watch: $1,895 Resistance and $1,540 Support
Different technical analyses reveal a significant zone of resistance near $1,895, with a level of $2,142 as pivotal for further developments that may impact mass Ethereum bullishness. Bollinger Bands shows Ethereum is in the process of crossing above the midline, but it has not been determined yet. The RSI is closer to 53.7,9, which calls for neutral momentum while targeting a hostile breakout past 60, which may signal short-term continuation
The Michigan Consumer Sentiment Index ended April with a 52.2 reading, better than the preliminary reading of 50.8 that the survey showed two weeks ago.1 The results surprised economists surveyed by The Wall Street Journal and Dow Jones Newswires, who expected no change in the month’s final survey.2
The survey, which is conducted over the course of the month, showed improvements after Trump paused his "reciprocal" tariffs for 90 days. However, the April results were still the lowest since July 2022 and down 32% from last year
The Michigan Consumer Sentiment Index ended April with a 52.2 reading, better than the preliminary reading of 50.8 that the survey showed two weeks ago.1 The results surprised economists surveyed by The Wall Street Journal and Dow Jones Newswires, who expected no change in the month’s final survey.2
The survey, which is conducted over the course of the month, showed improvements after Trump paused his "reciprocal" tariffs for 90 days. However, the April results were still the lowest since July 2022 and down 32% from last year
President Donald Trump suggested another delay to his higher so-called “reciprocal” tariffs was unlikely, raising pressure on nations to negotiate trade deals with his administration.
Asked about the possibility of granting another 90-day pause, Trump cast that scenario as “unlikely,” while speaking to reporters aboard Air Force One on Friday. Trump also said that he would not drop tariffs on China, the world’s second largest economy, unless Beijing offers “something substantial” in return.
Ethereum (ETH) saw a 1% decline on Friday as sellers dominated exchange activity in the past 24 hours. Despite the recent selling, increased inflows into accumulation addresses and declining net taker volume show a gradual return of bullish momentum.
Ethereum accumulation addresses — a metric tracking addresses that have never spent funds — have shown increased confidence in the past week, seeing inflows of over 1.11 million ETH between April 17 and 23. Nearly half of the inflows came following the price surge on Tuesday.
Ethereum (ETH) saw a 1% decline on Friday as sellers dominated exchange activity in the past 24 hours. Despite the recent selling, increased inflows into accumulation addresses and declining net taker volume show a gradual return of bullish momentum.
Ethereum accumulation addresses — a metric tracking addresses that have never spent funds — have shown increased confidence in the past week, seeing inflows of over 1.11 million ETH between April 17 and 23. Nearly half of the inflows came following the price surge on Tuesday.
The founder of Cardano released his assessment during a recent Q&A session. According to him, the future of Ethereum is anything but assured.
“I don’t think Ethereum will survive more than 10-15 years,” stated Hoskinson, supporting his opinion with technical and structural arguments.
The crypto entrepreneur emphasized what he believes to be a series of fundamental errors within the Ethereum ecosystem.
Among the main problems listed by Hoskinson is the accounting model adopted by Ethereum, which according to him causes operational inefficiencies.
The Ethereum Virtual Machine (EVM), a key component that enables the execution of smart contracts, has also been criticized for its outdated and not very scalable architecture