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$XRP $BTC
Asset manager Purpose Investments has filed a preliminary prospectus with Canadian securities regulators for the proposed launch of the Purpose Ripple (XRP) exchange-traded fund.
Purpose was the first to issue spot Bitcoin and Ethereum ETFs, launching on the Toronto Stock Exchange in February and April 2021, respectively. While XRP exchange-traded products (ETPs) are already available globally, the firm hopes to follow up its Bitcoin and Ethereum accolades by offering the world’s first spot XRP ETF, according to a statement Thursday.
The ETF seeks to invest substantially all of its assets in long-term investments in XRP and provide ETF unit holders with the opportunity for long-term capital appreciation, Purpose said.
“At Purpose, we remain steadfast in our commitment to innovation and bridging the gap between traditional and decentralized finance,” said Som Seif, founder and CEO of Purpose Investments. “As XRP sees growing adoption and institutional interest, we believe an ETF can offer investors a transparent and familiar way to access it within a regulatory framework.”
Asset manager Purpose Investments has filed a preliminary prospectus with Canadian securities regulators for the proposed launch of the Purpose Ripple (XRP) exchange-traded fund.
Purpose was the first to issue spot Bitcoin and Ethereum ETFs, launching on the Toronto Stock Exchange in February and April 2021, respectively. While XRP exchange-traded products (ETPs) are already available globally, the firm hopes to follow up its Bitcoin and Ethereum accolades by offering the world’s first spot XRP ETF, according to a statement Thursday.
The ETF seeks to invest substantially all of its assets in long-term investments in XRP and provide ETF unit holders with the opportunity for long-term capital appreciation, Purpose said.
“At Purpose, we remain steadfast in our commitment to innovation and bridging the gap between traditional and decentralized finance,” said Som Seif, founder and CEO of Purpose Investments. “As XRP sees growing adoption and institutional interest, we believe an ETF can offer investors a transparent and familiar way to access it within a regulatory framework.”
#XRPETFIncoming?
Asset manager Purpose Investments has filed a preliminary prospectus with Canadian securities regulators for the proposed launch of the Purpose Ripple (XRP) exchange-traded fund.
Purpose was the first to issue spot Bitcoin and Ethereum ETFs, which launched on the Toronto Stock Exchange in February and April 2021, respectively. While XRP exchange-traded products (ETPs) are already available globally, the firm hopes to follow its Bitcoin and Ethereum accolades by offering the world’s first spot XRP ETF, according to a statement on Thursday.
The ETF seeks to invest substantially all of its assets in long-term holdings of XRP and to provide holders of the ETF units with the opportunity for long-term capital appreciation, Purpose stated.
"At Purpose, we remain steadfast in our commitment to innovation and to bridging the gap between traditional and decentralized finance," Purpose Investments founder and CEO Som Seif said. "As XRP sees increasing adoption and institutional interest, we believe an ETF can offer investors a transparent and familiar way to access it within a regulated framework."
Asset manager Purpose Investments has filed a preliminary prospectus with Canadian securities regulators for the proposed launch of the Purpose Ripple (XRP) exchange-traded fund.
Purpose was the first to issue spot Bitcoin and Ethereum ETFs, which launched on the Toronto Stock Exchange in February and April 2021, respectively. While XRP exchange-traded products (ETPs) are already available globally, the firm hopes to follow its Bitcoin and Ethereum accolades by offering the world’s first spot XRP ETF, according to a statement on Thursday.
The ETF seeks to invest substantially all of its assets in long-term holdings of XRP and to provide holders of the ETF units with the opportunity for long-term capital appreciation, Purpose stated.
"At Purpose, we remain steadfast in our commitment to innovation and to bridging the gap between traditional and decentralized finance," Purpose Investments founder and CEO Som Seif said. "As XRP sees increasing adoption and institutional interest, we believe an ETF can offer investors a transparent and familiar way to access it within a regulated framework."
#FedHODL
JUST IN: 🇪🇺
Fed doesn't change interest rates, meanwhile European Central Bank President says Bitcoin will not be included in any EU central bank reserves.
"Reserves have to be liquid, reserves have to be secure, they have to be safe, and they should not be plagued by money laundering or other criminal activities."
JUST IN: 🇪🇺
Fed doesn't change interest rates, meanwhile European Central Bank President says Bitcoin will not be included in any EU central bank reserves.
"Reserves have to be liquid, reserves have to be secure, they have to be safe, and they should not be plagued by money laundering or other criminal activities."
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Here I am
$USUAL is there any Italian in usual?
See original
It's not true, they just moved the case to another section of the site, and even if it were in court they wouldn't care about the SEC's site
The Bit Journal
--
Ripple Just Scored a Huge Win Against the SEC – Here’s What It Means
The U.S. Securities and Exchange Commission (SEC) has quietly removed references to its lawsuit against Ripple Labs from its official website. This action coincides with the case’s progression to the U.S. Court of Appeals for the Second Circuit, signaling a critical juncture in the ongoing debate over XRP’s classification.
The Road to Appeal: Key Developments
The legal clash between Ripple and the SEC began in December 2020, when the SEC accused Ripple of raising over $1.3 billion through the sale of XRP, alleging these transactions were unregistered securities offerings. Ripple has consistently refuted these claims, asserting that XRP functions as a digital currency, not a security.
In a decision in July 2023, U.S. District Judge Analisa Torres ruled that XRP was not a security when sold to the general public on digital asset exchanges. However, she determined that XRP sales to institutional investors did qualify as securities transactions. This nuanced verdict led to Ripple being fined $125 million, a significant reduction from the SEC’s initial demand of $2 billion.
Dissatisfied with the partial defeat, the SEC filed an appeal in October 2024, seeking to overturn aspects of the ruling that favored Ripple. The appeal has now advanced to the Second Circuit Court of Appeals, with Ripple requesting an extension until April 16, 2025, to file its response brief.
Community Reactions: Speculation and Skepticism
The SEC’s decision to remove the Ripple lawsuit from its website has sparked widespread speculation within the crypto community. Some interpret this as a sign of the case nearing its conclusion, while others view it as a routine administrative update. Despite its removal from the SEC’s site, the case remains active in the federal court records system, PACER.
An attorney familiar with the case noted,
“The SEC website does not matter. The appeal remains active in the Court’s nationwide PACER system.”
This underscores that the legal proceedings are far from over, and stakeholders should remain attentive to official court communications.
Ripple’s Leadership Responds
Ripple’s executives have been vocal throughout the legal battle. CEO Brad Garlinghouse criticized the SEC’s decision to appeal, stating,
“If Gensler and the SEC were rational, they would have moved on from this case long ago. It certainly hasn’t protected investors and instead has damaged the credibility and reputation of the SEC.”
He emphasized that XRP’s status as a non-security remains affirmed by the court’s ruling.
Stuart Alderoty, Ripple’s Chief Legal Officer, dismissed the SEC’s appeal as a “rehash of failed arguments,” expressing confidence in Ripple’s position as the case progresses.
Implications for the Crypto Industry
The outcome of this appeal holds significant implications for the broader cryptocurrency landscape. A ruling favoring the SEC could bolster the agency’s authority to regulate digital assets, potentially leading to increased scrutiny of other cryptocurrencies and their issuers. Conversely, a decision upholding the initial ruling may provide greater clarity and confidence for crypto projects navigating the complex regulatory environment.
As the legal battle continues, the crypto community watches closely, recognizing that the final verdict could set a precedent influencing the future of digital asset regulation in the United States.
Conclusion
The Ripple vs. SEC case has reached a pivotal moment, with the recent removal of the lawsuit from the SEC’s website and the progression to the appeals court. While the legal proceedings are ongoing, the decisions made in the coming months will undoubtedly shape the regulatory framework for cryptocurrencies. Stakeholders are advised to stay informed and prepared for potential shifts in the landscape as this landmark case unfolds.
Stay tuned to The BIT Journal and keep an eye on Crypto’s updates. Follow us on Twitter and LinkedIn, and join our Telegram channel to be instantly informed about breaking news!
FAQs
1. Why did the SEC remove the Ripple lawsuit from its website?
The SEC has not provided an official reason, but it likely reflects procedural updates as the case moves to the U.S. Court of Appeals. The lawsuit remains active in the federal court system.
2. Does this mean Ripple has won the case?
No, the legal battle is still ongoing. Ripple has secured partial victories, but the SEC is appealing aspects of the ruling related to XRP sales to retail investors.
3. When will the final decision be made?
Ripple has requested until April 16, 2025, to file its response to the SEC’s appeal. A ruling from the Second Circuit Court of Appeals could take several months after that.
4. How does this impact XRP’s future?
If Ripple wins the appeal, it could set a major precedent for crypto regulation in the U.S. A loss could lead to tighter oversight and potential compliance issues for other digital assets.
The Road to Appeal: Key Developments
The legal clash between Ripple and the SEC began in December 2020, when the SEC accused Ripple of raising over $1.3 billion through the sale of XRP, alleging these transactions were unregistered securities offerings. Ripple has consistently refuted these claims, asserting that XRP functions as a digital currency, not a security.
In a decision in July 2023, U.S. District Judge Analisa Torres ruled that XRP was not a security when sold to the general public on digital asset exchanges. However, she determined that XRP sales to institutional investors did qualify as securities transactions. This nuanced verdict led to Ripple being fined $125 million, a significant reduction from the SEC’s initial demand of $2 billion.
Dissatisfied with the partial defeat, the SEC filed an appeal in October 2024, seeking to overturn aspects of the ruling that favored Ripple. The appeal has now advanced to the Second Circuit Court of Appeals, with Ripple requesting an extension until April 16, 2025, to file its response brief.
Community Reactions: Speculation and Skepticism
The SEC’s decision to remove the Ripple lawsuit from its website has sparked widespread speculation within the crypto community. Some interpret this as a sign of the case nearing its conclusion, while others view it as a routine administrative update. Despite its removal from the SEC’s site, the case remains active in the federal court records system, PACER.
An attorney familiar with the case noted,
“The SEC website does not matter. The appeal remains active in the Court’s nationwide PACER system.”
This underscores that the legal proceedings are far from over, and stakeholders should remain attentive to official court communications.
Ripple’s Leadership Responds
Ripple’s executives have been vocal throughout the legal battle. CEO Brad Garlinghouse criticized the SEC’s decision to appeal, stating,
“If Gensler and the SEC were rational, they would have moved on from this case long ago. It certainly hasn’t protected investors and instead has damaged the credibility and reputation of the SEC.”
He emphasized that XRP’s status as a non-security remains affirmed by the court’s ruling.
Stuart Alderoty, Ripple’s Chief Legal Officer, dismissed the SEC’s appeal as a “rehash of failed arguments,” expressing confidence in Ripple’s position as the case progresses.
Implications for the Crypto Industry
The outcome of this appeal holds significant implications for the broader cryptocurrency landscape. A ruling favoring the SEC could bolster the agency’s authority to regulate digital assets, potentially leading to increased scrutiny of other cryptocurrencies and their issuers. Conversely, a decision upholding the initial ruling may provide greater clarity and confidence for crypto projects navigating the complex regulatory environment.
As the legal battle continues, the crypto community watches closely, recognizing that the final verdict could set a precedent influencing the future of digital asset regulation in the United States.
Conclusion
The Ripple vs. SEC case has reached a pivotal moment, with the recent removal of the lawsuit from the SEC’s website and the progression to the appeals court. While the legal proceedings are ongoing, the decisions made in the coming months will undoubtedly shape the regulatory framework for cryptocurrencies. Stakeholders are advised to stay informed and prepared for potential shifts in the landscape as this landmark case unfolds.
Stay tuned to The BIT Journal and keep an eye on Crypto’s updates. Follow us on Twitter and LinkedIn, and join our Telegram channel to be instantly informed about breaking news!
FAQs
1. Why did the SEC remove the Ripple lawsuit from its website?
The SEC has not provided an official reason, but it likely reflects procedural updates as the case moves to the U.S. Court of Appeals. The lawsuit remains active in the federal court system.
2. Does this mean Ripple has won the case?
No, the legal battle is still ongoing. Ripple has secured partial victories, but the SEC is appealing aspects of the ruling related to XRP sales to retail investors.
3. When will the final decision be made?
Ripple has requested until April 16, 2025, to file its response to the SEC’s appeal. A ruling from the Second Circuit Court of Appeals could take several months after that.
4. How does this impact XRP’s future?
If Ripple wins the appeal, it could set a major precedent for crypto regulation in the U.S. A loss could lead to tighter oversight and potential compliance issues for other digital assets.
#MicroStrategyAcquiresBTC
MicroStrategy continues its Bitcoin accumulation strategy, adding 11,000 BTC to its portfolio worth $1.1 billion. With this new acquisition, the company now holds 471,107 BTC, solidifying its position as one of the largest institutional holders of Bitcoin. To fund the purchase, MicroStrategy issued over 2.76 million shares, once again demonstrating its long-term confidence in $BTC. However, the pace of purchases appears to be slowing compared to previous acquisitions. With Bitcoin currently hovering around $104.000, the company’s strategy continues to influence the market and reinforce the narrative of institutional adoption
MicroStrategy continues its Bitcoin accumulation strategy, adding 11,000 BTC to its portfolio worth $1.1 billion. With this new acquisition, the company now holds 471,107 BTC, solidifying its position as one of the largest institutional holders of Bitcoin. To fund the purchase, MicroStrategy issued over 2.76 million shares, once again demonstrating its long-term confidence in $BTC. However, the pace of purchases appears to be slowing compared to previous acquisitions. With Bitcoin currently hovering around $104.000, the company’s strategy continues to influence the market and reinforce the narrative of institutional adoption
$BTC $XRP
🚨JUST IN: OndoFinance brings its $185M Tokenized Treasury to the XRP Ledger Network
This will allow institutional investors to mint & redeem $OUSG 24/7 using @Ripple's $RLUSD stablecoin
#Crypto #cryptocurrency #XRP #stablecoin
🚨JUST IN: OndoFinance brings its $185M Tokenized Treasury to the XRP Ledger Network
This will allow institutional investors to mint & redeem $OUSG 24/7 using @Ripple's $RLUSD stablecoin
#Crypto #cryptocurrency #XRP #stablecoin
#DeepSeekImpact
Bitcoin Conference CEO Reports 🇺🇸 President Trump Just Said This About $BTC
"We're going to send Bitcoin much higher, and we're going to outperform China and other countries that want to take it away from us."
would this be enough to compete with Depseek?
Bitcoin Conference CEO Reports 🇺🇸 President Trump Just Said This About $BTC
"We're going to send Bitcoin much higher, and we're going to outperform China and other countries that want to take it away from us."
would this be enough to compete with Depseek?
$ETH $BTC
Tomorrow is very important for the first reaction in 2025 for the Federal Reserve, Jerold Powell. We expect to see a negative reaction in response to Donald Trump, who manipulated both sides when he created his currency since assuming the presidency of the United States of America. Bitcoin is expected to fall to 90,000 and 75,000. If the reaction is positive, Bitcoin will rise to 120,000 or 115,000 and 110,000. Tomorrow we will have a date for the worst day for digital currencies. In any case, why first manipulate the first month, either by reducing interest or fixing interest? Everyone knows that Bitcoin has been falling 9k points since the news was released, or vice versa, rising, so be careful. I myself do not expect anything positive since Donald Trump took office, except for manipulation of weak people.
btc has done a double top...
My opinion? we are going down..
not financial advice..
Tomorrow is very important for the first reaction in 2025 for the Federal Reserve, Jerold Powell. We expect to see a negative reaction in response to Donald Trump, who manipulated both sides when he created his currency since assuming the presidency of the United States of America. Bitcoin is expected to fall to 90,000 and 75,000. If the reaction is positive, Bitcoin will rise to 120,000 or 115,000 and 110,000. Tomorrow we will have a date for the worst day for digital currencies. In any case, why first manipulate the first month, either by reducing interest or fixing interest? Everyone knows that Bitcoin has been falling 9k points since the news was released, or vice versa, rising, so be careful. I myself do not expect anything positive since Donald Trump took office, except for manipulation of weak people.
btc has done a double top...
My opinion? we are going down..
not financial advice..
very old video...
If You Hold XRP You Better Watch THIS! - Raoul Pal
fake
߷RIPPLE PAYMENT & 𝕏 CONFIRMED
$XRP $SPELL $VTHO
$XRP $SPELL $VTHO
$BTC #BTC ARE YOU BUYING THE DEEP?
BREAKING: Bitcoin falls below $100,000! 📉
Why the dump? BTC down 5%, altcoins 8%-20%, but it’s not just crypto—it’s the U.S. stock market.
Deepseek is a Chinese AI startup that competes with chatGPT. As per some estimates, it cost <$10m to develop, which is way less than chatGPT, not only that, today it overtook chatGPT to become the #1 free app on the apple app store.
This has caused a major concern among large US investors as they're thinking that the US stock might be tooovervalued now.
Markets move with narratives, but fundamentals remain key. HODL strong, panic never wins. Always zoom out.🧠
BREAKING: Bitcoin falls below $100,000! 📉
Why the dump? BTC down 5%, altcoins 8%-20%, but it’s not just crypto—it’s the U.S. stock market.
Deepseek is a Chinese AI startup that competes with chatGPT. As per some estimates, it cost <$10m to develop, which is way less than chatGPT, not only that, today it overtook chatGPT to become the #1 free app on the apple app store.
This has caused a major concern among large US investors as they're thinking that the US stock might be tooovervalued now.
Markets move with narratives, but fundamentals remain key. HODL strong, panic never wins. Always zoom out.🧠
#MarketPullback
BREAKING: Bitcoin falls below $100,000! 📉
Why the dump? BTC down 5%, altcoins 8%-20%, but it’s not just crypto—it’s the U.S. stock market.
Deepseek is a Chinese AI startup that competes with chatGPT. As per some estimates, it cost <$10m to develop, which is way less than chatGPT, not only that, today it overtook chatGPT to become the #1 free app on the apple app store.
This has caused a major concern among large US investors as they're thinking that the US stock might be tooovervalued now.
Markets move with narratives, but fundamentals remain key. HODL strong, panic never wins. Always zoom out.🧠
BREAKING: Bitcoin falls below $100,000! 📉
Why the dump? BTC down 5%, altcoins 8%-20%, but it’s not just crypto—it’s the U.S. stock market.
Deepseek is a Chinese AI startup that competes with chatGPT. As per some estimates, it cost <$10m to develop, which is way less than chatGPT, not only that, today it overtook chatGPT to become the #1 free app on the apple app store.
This has caused a major concern among large US investors as they're thinking that the US stock might be tooovervalued now.
Markets move with narratives, but fundamentals remain key. HODL strong, panic never wins. Always zoom out.🧠
$XRP $BTC
BREAKING: Bitcoin falls below $100,000! 📉
Why the dump? BTC down 5%, altcoins 8%-20%, but it’s not just crypto—it’s the U.S. stock market.
Deepseek is a Chinese AI startup that competes with chatGPT. As per some estimates, it cost <$10m to develop, which is way less than chatGPT, not only that, today it overtook chatGPT to become the #1 free app on the apple app store.
This has caused a major concern among large US investors as they're thinking that the US stock might be tooovervalued now.
Markets move with narratives, but fundamentals remain key. HODL strong, panic never wins. Always zoom out.🧠
BREAKING: Bitcoin falls below $100,000! 📉
Why the dump? BTC down 5%, altcoins 8%-20%, but it’s not just crypto—it’s the U.S. stock market.
Deepseek is a Chinese AI startup that competes with chatGPT. As per some estimates, it cost <$10m to develop, which is way less than chatGPT, not only that, today it overtook chatGPT to become the #1 free app on the apple app store.
This has caused a major concern among large US investors as they're thinking that the US stock might be tooovervalued now.
Markets move with narratives, but fundamentals remain key. HODL strong, panic never wins. Always zoom out.🧠
See original
sui, xrp, hbar
i have almost 900$ , Suggest me 5 Coins which will 10x in Bull Run #BinanceAlphaAlert #BullRunAhead
support? i thought there was resistence at 106...😆
Gk_Aronno
--
Bitcoin will break support level and continue to decline🚨🚨
$BTC
Hello traders,
I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price a few moments ago rebounded from the support line, which coincided with the support level with the buyer zone and rose to the resistance line.
After this, BTC rebounded from this line and dropped back to the support line, breaking the 93400 level, and soon rebounded up, breaking this level one more time. Later BTC rose to the resistance line and then fell to 90850 points, after which made a strong impulse up, breaking the 93400 level with the resistance line too.
Then price continued to move up inside Pennant, where it broke the 102700 current support level, made a retest, and then tried to grow more, but failed and made correction below the 102700 level. After this movement,
BTC turned back and rose to 109600 points (new ATH) and then made a correction movement one more time. Price fell to the support line of the pennant and then in a short time rose to the resistance line and recently it fell and exited from the pennant. In my opinion, the price can fall to the current support level, break it, and then continue to decline, therefore I set my TP at 99K points. Please share this idea with your friends and click Boost 🚀
Hello traders,
I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price a few moments ago rebounded from the support line, which coincided with the support level with the buyer zone and rose to the resistance line.
After this, BTC rebounded from this line and dropped back to the support line, breaking the 93400 level, and soon rebounded up, breaking this level one more time. Later BTC rose to the resistance line and then fell to 90850 points, after which made a strong impulse up, breaking the 93400 level with the resistance line too.
Then price continued to move up inside Pennant, where it broke the 102700 current support level, made a retest, and then tried to grow more, but failed and made correction below the 102700 level. After this movement,
BTC turned back and rose to 109600 points (new ATH) and then made a correction movement one more time. Price fell to the support line of the pennant and then in a short time rose to the resistance line and recently it fell and exited from the pennant. In my opinion, the price can fall to the current support level, break it, and then continue to decline, therefore I set my TP at 99K points. Please share this idea with your friends and click Boost 🚀
...
$XRP a simple question…. But when do you think it will increase?
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