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
Here is my wallet. Follow to see how I invest! I chose to go almost all Long $XRP $DOGE Long but I'm watching how the situation evolves $PEPE $Shiba Inu $Ada $Near $Hbar $Bttc I accept advice, am I doing well to invest in all these cryptos or would it be better to have fewer?
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
#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?
Could the death of Pope Francis have influenced the markets? Diverting attention from the financial and crypto markets #PopeFrancis #MarketSentimentToday
$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.
$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?