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#ArizonaBTCReserve
The strong institutional demand for Bitcoin through ETFs coincides with significant developments at the state government level.
On Monday, the Arizona House of Representatives approved two bills that could lead to the creation of the first state Bitcoin reserve in the United States.
Senate Bill 1025, known as the Arizona Strategic Bitcoin Reserve Act, was passed with 31 votes in favor and 25 against, proposing to allocate up to 10% of the state treasury and pension system funds to digital currencies, particularly Bitcoin.
A complementary bill, SB1373, which aims to establish a state reserve of digital assets, was approved with broader support of 37 votes in favor and 19 against. Both measures are now awaiting signature from Arizona Governor Katie Hobbs.
Arizona's legislative push follows the creation of the federal Bitcoin reserve by President Donald Trump earlier this year. This reserve will be funded through cryptocurrencies recovered from criminal or civil asset seizures and zero-cost budgeting strategies.
If Governor Hobbs signs the law, Arizona will become the first state to formally establish a cryptocurrency reserve, setting a precedent for other states that may consider similar measures in a context of increasing institutional adoption of digital assets.
The strong institutional demand for Bitcoin through ETFs coincides with significant developments at the state government level.
On Monday, the Arizona House of Representatives approved two bills that could lead to the creation of the first state Bitcoin reserve in the United States.
Senate Bill 1025, known as the Arizona Strategic Bitcoin Reserve Act, was passed with 31 votes in favor and 25 against, proposing to allocate up to 10% of the state treasury and pension system funds to digital currencies, particularly Bitcoin.
A complementary bill, SB1373, which aims to establish a state reserve of digital assets, was approved with broader support of 37 votes in favor and 19 against. Both measures are now awaiting signature from Arizona Governor Katie Hobbs.
Arizona's legislative push follows the creation of the federal Bitcoin reserve by President Donald Trump earlier this year. This reserve will be funded through cryptocurrencies recovered from criminal or civil asset seizures and zero-cost budgeting strategies.
If Governor Hobbs signs the law, Arizona will become the first state to formally establish a cryptocurrency reserve, setting a precedent for other states that may consider similar measures in a context of increasing institutional adoption of digital assets.
See original
The strong institutional demand for Bitcoin through ETFs coincides with significant developments at the state government level.
On Monday, the Arizona House of Representatives approved two bills that could lead to the creation of the first state Bitcoin reserve in the United States.
Senate Bill 1025, known as the Arizona Strategic Bitcoin Reserve Act, was passed with 31 votes in favor and 25 against, proposing to allocate up to 10% of the state treasury and pension system funds to digital currencies, particularly Bitcoin.
A complementary bill, SB1373, which aims to establish a state reserve of digital assets, was approved with broader support of 37 votes in favor and 19 against. Both measures are now awaiting signature from Arizona Governor Katie Hobbs.
Arizona's legislative push follows the establishment of a federal Bitcoin reserve by President Donald Trump earlier this year. This reserve will be funded through cryptocurrencies recovered from seizures of criminal or civil assets and zero-cost budget strategies.
If Governor Hobbs signs the law, Arizona will become the first state to formally establish a cryptocurrency reserve, setting a precedent for other states that might consider similar measures in a context of increasing institutional adoption of digital assets.
#ArizonaBTCReverse $BTC $ETH
On Monday, the Arizona House of Representatives approved two bills that could lead to the creation of the first state Bitcoin reserve in the United States.
Senate Bill 1025, known as the Arizona Strategic Bitcoin Reserve Act, was passed with 31 votes in favor and 25 against, proposing to allocate up to 10% of the state treasury and pension system funds to digital currencies, particularly Bitcoin.
A complementary bill, SB1373, which aims to establish a state reserve of digital assets, was approved with broader support of 37 votes in favor and 19 against. Both measures are now awaiting signature from Arizona Governor Katie Hobbs.
Arizona's legislative push follows the establishment of a federal Bitcoin reserve by President Donald Trump earlier this year. This reserve will be funded through cryptocurrencies recovered from seizures of criminal or civil assets and zero-cost budget strategies.
If Governor Hobbs signs the law, Arizona will become the first state to formally establish a cryptocurrency reserve, setting a precedent for other states that might consider similar measures in a context of increasing institutional adoption of digital assets.
#ArizonaBTCReverse $BTC $ETH
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Arizona votes for the first state BTC reserve
On Monday, spot Bitcoin ETFs in the United States recorded $591.3 million in net inflows, marking the seventh consecutive day of positive flows, while Bitcoin continues to trade above $95,000.
BlackRock's Bitcoin ETF dominated inflow activity, attracting $970.9 million in new investments, while several competitors recorded outflows.
The Ark 21Shares ETF (BATS:ARKB) recorded $226.3 million in outflows, while Fidelity saw $86.9 million leave the fund.
BlackRock's Bitcoin ETF dominated inflow activity, attracting $970.9 million in new investments, while several competitors recorded outflows.
The Ark 21Shares ETF (BATS:ARKB) recorded $226.3 million in outflows, while Fidelity saw $86.9 million leave the fund.
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Green light from the SEC for three XRP ETFs
The funds will track the prices of futures based on $XRP and will offer traders a way to make money with long and short positions.
The issuer of exchange-traded funds (ETFs) ProShares will launch three XRP-tracked products this week, following the tacit approval of the United States Securities and Exchange Commission (SEC).
An Ultra XRP ETF (2x leverage), a Short XRP ETF, and an Ultra Short XRP ETF (-2x leverage) will be launched; however, there has been no movement recorded on its XRP spot ETF. Meanwhile, the SEC has so far accepted several requests for XRP spot ETFs, with the submission from fund manager Grayscale facing a critical deadline on May 22.
ProShares' approvals come just weeks after Teucrium's 2x XRP ETF began trading earlier this month, becoming the first XRP ETF in the United States. It totaled over $5 million in trading volume on its first day, making it the company's "most successful" launch to date.
Last week, CME Group added XRP futures to its largest derivatives exchange in the United States, with the launch expected next month, alongside BTC, ETH, and SOL products.
The many ETFs tracking XRP come after the lengthy legal battle of the closely related company Ripple against the SEC, which was fully concluded in March, thus eliminating significant regulatory hurdles for the tokens.
#XRPETFs
The funds will track the prices of futures based on $XRP and will offer traders a way to make money with long and short positions.
The issuer of exchange-traded funds (ETFs) ProShares will launch three XRP-tracked products this week, following the tacit approval of the United States Securities and Exchange Commission (SEC).
An Ultra XRP ETF (2x leverage), a Short XRP ETF, and an Ultra Short XRP ETF (-2x leverage) will be launched; however, there has been no movement recorded on its XRP spot ETF. Meanwhile, the SEC has so far accepted several requests for XRP spot ETFs, with the submission from fund manager Grayscale facing a critical deadline on May 22.
ProShares' approvals come just weeks after Teucrium's 2x XRP ETF began trading earlier this month, becoming the first XRP ETF in the United States. It totaled over $5 million in trading volume on its first day, making it the company's "most successful" launch to date.
Last week, CME Group added XRP futures to its largest derivatives exchange in the United States, with the launch expected next month, alongside BTC, ETH, and SOL products.
The many ETFs tracking XRP come after the lengthy legal battle of the closely related company Ripple against the SEC, which was fully concluded in March, thus eliminating significant regulatory hurdles for the tokens.
#XRPETFs
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Ethereum Struggles to Keep Up
While Bitcoin thrives, Ethereum, the second-largest cryptocurrency by market capitalization, is experiencing a moment of stagnation. Its price remains relatively flat, leaving investors wondering why it hasn't followed Bitcoin's bullish momentum.
Unlike Bitcoin, Ethereum lacks recent developments or a moment of 'hype' to spark interest. Major updates, such as Ethereum's future plans for sharding, are still on the horizon and have yet to energize investor confidence.
This stagnation is prompting some investors to explore opportunities beyond traditional players like Ethereum and Bitcoin
$BTC $ETH
While Bitcoin thrives, Ethereum, the second-largest cryptocurrency by market capitalization, is experiencing a moment of stagnation. Its price remains relatively flat, leaving investors wondering why it hasn't followed Bitcoin's bullish momentum.
Unlike Bitcoin, Ethereum lacks recent developments or a moment of 'hype' to spark interest. Major updates, such as Ethereum's future plans for sharding, are still on the horizon and have yet to energize investor confidence.
This stagnation is prompting some investors to explore opportunities beyond traditional players like Ethereum and Bitcoin
$BTC $ETH
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#SaylorBTCPurchase Michael Saylor and his company MicroStrategy have continued to purchase Bitcoin, bringing their holdings to 538,200 $BTC, with a total expenditure of $36.47 billion. The latest purchase, which took place recently, saw the acquisition of 6,556 coins for about $555.8 million. This accumulation strategy aligns with Saylor's vision of Bitcoin as a store of value and as a long-term investment tool.
Do you think $BTC is ready to explode?
Do you think $BTC is ready to explode?
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Could the death of Pope Francis have influenced the markets? Diverting attention from the financial and crypto markets #PopeFrancis #MarketSentimentToday
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$BTC Reaches $91K as the Cryptocurrency Market Grows by $130 Billion in One Day!
On Tuesday, the global cryptocurrency market rose by 4.94%, supported by Bitcoin reaching an intraday peak of $91,761. The leading digital asset increased by 5.1% in the last 24 hours, with the broader crypto economy expanding by $130 billion since 5:00 PM on Monday.
While Bitcoin increased by 5.1%, Ethereum ($ETH ) rose by 7.64%, Solana ($SOL ) increased by 6.25%, and Dogecoin (DOGE) is up by 8.75% today.
Do you think the Alt season has started?
On Tuesday, the global cryptocurrency market rose by 4.94%, supported by Bitcoin reaching an intraday peak of $91,761. The leading digital asset increased by 5.1% in the last 24 hours, with the broader crypto economy expanding by $130 billion since 5:00 PM on Monday.
While Bitcoin increased by 5.1%, Ethereum ($ETH ) rose by 7.64%, Solana ($SOL ) increased by 6.25%, and Dogecoin (DOGE) is up by 8.75% today.
Do you think the Alt season has started?
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$XRP With a price ranging from $2.155 to $2.163 in the last hour, a market capitalization of $124 billion, and a global trading volume of $2.29 billion, XRP is moving within a narrow 24-hour intraday range from $2.07 to $2.13. As the momentum grows, technical indicators across multiple time frames reveal a positioned but cautious market atmosphere, suggesting potential upside if the volume confirms the breakouts of key resistances.
Short-term targets are around $2.18, with a potential swing target at $2.25, while a tight stop-loss below $2.08 offers risk management.#Xrp🔥🔥 #XRPPredictions
In your opinion, how much will $XRP be by the end of the month?
Short-term targets are around $2.18, with a potential swing target at $2.25, while a tight stop-loss below $2.08 offers risk management.#Xrp🔥🔥 #XRPPredictions
In your opinion, how much will $XRP be by the end of the month?
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