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Canada’s first spot XRP exchange-traded fund (ETF), launched by Purpose Investments under the ticker XRPP.U, has had a tough start since debuting on the Toronto Stock Exchange (TSX) on June 18. This product is the world’s second spot XRP ETF, following Brazil’s Hashdex offering. Notably, the Purpose XRP ETF closed 1.63% lower at $9.68 on Friday, June 20, 2024, extending its post-launch decline as light trading kept it near its session low. Purpose XRP spot ETF chart. Source: TradingView Since its launch, the new fund, also available in CAD-hedged (XRPP) and CAD non-hedged (XRPP.B) versions, has mostly trended lower, reflecting XRP’s overall market performance.  This aligns with the performance of the Brazilian ETF, which has fallen about 7.50% since its debut, partly due to weaknesses in the underlying XRP token. Purpose’s new ETFs have a management fee of 0.69%, capped at 0.89%, with any savings passed on to investors. For...

Dogecoin (DOGE) has garnered quite a following over the last decade. The original memecoin has attained a cult-like status within the crypto space and the larger online community. DOGE’s incredible success has led to the asset finding fans in tech moguls like Elon Musk. Why Elon Musk’s Favorite Crypto, Dogecoin, May Surge in 2025 Source: The Indian Express Musk has publicly stated that Dogecoin (DOGE) is his favorite crypto project. The world’s richest person has cited the project’s non-serious nature as one of his reasons for liking the cryptocurrency. Musk has gone as far as to enable DOGE payments for Tesla and SpaceX merchandise. Also Read: Elon Musk’s xAI Joins Telegram in $300M Grok Partnership We already know that a DOGE ETF application is currently awaiting approval at the SEC. There is a high chance that the financial watchdog will greenlight a spot DOGE ETF sometime this year. There is also a high chance that Musk’s X social media platform will ac...

BlackRock’s Bitcoin fund in Q1 surge has attracted major investment from Goldman Sachs, which now holds about 30.8 million shares worth around $1.4 billion. This represents a significant 28% increase from their previous position of approximately 24 million shares, according to the recent SEC filings that were made public just a few days ago. Source: MacroScope Also Read: Bitcoin: Michael Saylor Reveals Strategy To Get 100x Return from BTC Understanding Bitcoin Fund Impact Amid Crypto Market Volatility Source: Crypto Slate Goldman’s Expanding Bitcoin Position Goldman Sachs has been strengthening its cryptocurrency investment security approach through increased holdings in BlackRock’s IBIT. BlackRockțs Bitcoin fund surge in Q1 follows Goldman’s February disclosure of about $1.5 billion in US spot Bitcoin ETF holdings, which at that time included roughly $1.2 billion in IBIT and also around $288 million in Fidelity’s FBTC. Their latest filing, interestingly en...

Despite the highly bullish expectations – and the initial reaction that sparked a 549.02% rally – XRP’s performance in 2025 has been lackluster.  The token is -1.54% down year-to-date (YTD) and, at $2.10, 36.56% below its $3.31 January 17 highs. XRP YTD price chart. Source: Finbold President Donald Trump has undoubtedly had a significant impact on cryptocurrency and the entire digital assets market, though the headwinds are arguably just a side effect of economic policy.  Picks for you XRP loses $26 billion since SEC drops Ripple case 14 mins ago DOGE is crashing as Elon Musk clarifies Dogecoin's role in US Government 2 hours ago ...

A crypto strategist who has earned the “Master Trader” rank on the digital asset exchange Bybit thinks Litecoin (LTC) is gearing up for a big burst to the upside. Pseudonymous analyst Bluntz tells his 315,900 followers on the social media platform X that looks bullish against the US dollar and Bitcoin (BTC). According to the trader, LTC appears to have completed an ABC corrective wave against the US dollar while flashing a bullish swing failure pattern (SFP) on its Bitcoin pair. Bluntz practices the Elliott Wave theory, which states that a bullish asset tends to witness a fresh five-wave rally after completing an ABC correction. Meanwhile, a bullish SFP is a reversal signal indicating that sellers tried to push the price of an asset down but strong demand pushed prices higher. Says Bluntz, “LTC of all things is trading like the market knows an ETF (exchange-traded fund) is imminent, very strong against USD pair and a weekly SFP on the BTC pair....

The DeFi space is exciting as red-hot ETFSwap (ETFS) makes headlines with its impressive $5 million presale. With millions of ETFSwap (ETFS) DeFi tokens selling out and only a few left, urgency is building among investors. ETFSwap’s (ETFS) upcoming exchange listings are on the horizon, sparking significant interest from investors eager to secure their shares before the opportunity slips away. Red Hot ETFSwap (ETFS) Secures $5 Million In Presale As Exchange Listings Draw Near The red-hot DeFi token ETFSwap (ETFS) has made waves in the crypto world, securing $5 million in its final presale phase ahead of its much-anticipated exchange listings. With excitement building around the Beta platform launch and its upcoming exchange listings, the demand for ETFSwap (ETFS) tokens continues to surge. This red-hot DeFi token provides high-volume crypto-to-swaps without the need for intermediaries.  The fully decentralized nature of ETFSwap (ETFS) guarantees that even large-scale ...

The crypto market has been pumped with lots of exciting announcements causing many cryptocurrencies to rally. Of them all, ETFSwap (ETFS) , Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) are the top ones grabbing the attention of investors. Let's see why each of these cryptocurrencies is rallying and their potential growth.  ETFSwap (ETFS) Presale Rally As Series Of Announcements Excite Investors ETFSwap (ETFS) ,  a decentralized finance platform for trading exchange-traded funds (ETFs) on the blockchain, has been impacted by three major announcements that have caused it to rally. Let's see each of these announcements.  Spot Ethereum ETFs Approval  The recent approval of Spot Ethereum ETF triggered a series of investments from institutional investors. Since it is a platform that allows its users to invest in real-world ETFs using cryptocurrency, it caught the attention of numerous investors looking to invest in the huge ETF market valued ...

Over $9o,000 traders were liquidated in 24 hours as Ethereum, Bitcoin prices surged to $3,800 and $71k respectively. Total liquidations reached $383 million, with $297 million in shorts and $86 million on longs. Market is upbeat about SEC approving spot Ether ETF after latest developments the regulator initiated late Monday. Coinglass data shows that more than 90,000 trade rs were liquidated in the past 24-hours, with total liquidations reaching $383 million. The spike in prices for Ethereum, Bitcoin, Dogecoin and other tokens saw over $297 million in short positions liquidated. Longs accounted for about $86 million in liquidated positions as crypto prices skyrocketed late Monday and on Tuesday. According to Coinglass, the total number of liquidated trade rs reached 93,833 at 11:40 am ET on Tuesday. The largest liquidation happened on BitMEX, with an XBTUSD trade worth $4.26 million liquidated . Ethereum traders see over $100 million in short liquidati...

On January 10, the SEC finally approved 11 spot bitcoin ETFs after a decade of applications. However, despite the approval, the funds still attracted criticism, even from senior figures within the Commission. Indeed, Commissioner Caroline Crenshaw was a particularly loud dissenting voice. Her criticism focused on fraudulent information from crypto exchanges, wash trading, and illogical reasoning by ETF sponsors. Crenshaw called the SEC’s proposed rule changes “unsound and ahistorical” and also claimed that these rule changes will weaken the SEC’s ability to protect investors. She cited rampant fraud and manipulation in bitcoin spot markets, pointing out that wash trading in bitcoin markets could account for as much as 77.9% of the trading volume on unregulated exchanges. Crenshaw also called out illogical reasoning by ETF sponsors, including their assertion that bitcoin futures markets track the price of spot bitcoin. She noted that this is an obvious causation/correlation falla...

QCP Capital suggests this muted reaction to false spot Bitcoin ETF approval signals a potential that the event is already priced-in, highlighting Ethereum as a ‘laggard play.’ In a Telegram post on Jan. 10, analysts at Singapore-based QCP Capital addressed the recent false approval of a spot Bitcoin ETF published on the U.S. Securities and Exchange Commission’s X account, saying that failure to break through the resistance area after the news broke might be considered as a signal that a potential ETF approval “mostly priced in.” Analysts at QCP Capital noted that amid the uncertainty, attention is now turning to Ethereum (ETH) as a potential laggard play, given that the performance of the ETH/BTC cross, which briefly dipped below the Jun. 22 low before rebounding above the 0.051 support, supports this notion. “Options vols are also elevated now due to the ETF news event, and we expect vols to move lower and normalize once an ETF approval is ...

Chainlink Labs has unveiled prize winners in six categories, each focused on solving a specific task in the Web3 ecosystem. In a blog announcement on Dec. 20, the developer of the Chainlink decentralized oracle network said it had granted the main $25,000 prize to Unwallet.me, a seedless and gasless multi-chain crypto wallet. The product leverages the so-called account abstraction mechanism to create seedless wallets, allowing them to connect to different blockchain networks in a single domain name. Unwallet.me supports cryptocurrencies across various distributed ledgers, denominated in fiat, with the help of Chainlink Price Feeds oracles. “Constellation was our best, most successful hackathon to date, both in terms of quality and quantity.” Harry Papacharissiou, developer advocate manager at Chainlink Labs. You might also like: Chainlink debuts price feed oracles on Polygon zkEVM In the “DeFi and Payments” category, Chainlink awarded the first...

The Bitcoin futures annualized premium jumped to 34% on Nov. 28, leading analysts to speculate about an imminent spot BTC ETF approval. The demand for institutional investors for Bitcoin (BTC) became evident on Nov. 10 as the Chicago Mercantile Exchange (CME) Bitcoin futures flipped Binance's BTC futures markets in terms of size. According to BTC derivatives metrics, those investors are showing strong confidence in Bitcoin's potential to break above the $40,000 mark in the short term. CME Bitcoin futures open interest, USD. Source: Coinglass CME's current Bitcoin futures open interest stands at $4.35 billion, the highest since November 2021 when Bitcoin hit its all-time high of $69,000–a clear indication of heightened interest, but is it enough to justify further price gains? CME's remarkable growth and the spot Bitcoin ETF speculation The impressive 125% surge in CME's BTC futures open interest from $1.93 billion in mid-October is undoubtedly tied to the anticipat...

After dominating the European CRYPTOCURRENCY markets, Kraken sets its eyes on the stock and ETF sectors in the U.S. and U.K. Significantly; this marks a first for the platform, which has been crypto-focused for 12 rewarding years. U.S. and U.K. Markets: Kraken’s Next Frontier Kraken unveiled its intent to commence trading in U.S.-listed stocks and ETF s by 2024. Moreover, citing well-informed sources, Bloomberg revealed the trading would occur through “Kraken Securities,” a freshly minted division. While U.K. regulatory permits are ready, Kraken is eagerly awaiting broker-dealer licenses in the U.S., having filed applications with the Financial Industry Regulatory Authority. Hence, once live, eligible Kraken users will experience a unified dashboard. It will showcase crypto, stocks, and ETF s under a consolidated balance. Additionally, this week promises another leap for Kraken with its announcement to introduce a qualified custodian for institutional clientele. T...

The Securities and Exchange Commission's prolonged deliberation over a spot Bitcoin ETF is stoking expectations of a joint decision for all applications. The Securities and Exchange Commission's (SEC) delay in deciding whether to approve a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States is fueling expectations that a final verdict will come in a batch that includes key players on Wall Street, including BlackRock and Fidelity.  "There’s a tremendous amount of pressure on the SEC to approve a number of these ETFs, particularly because the approved Futures backed products are lagging spot performance substantially, harming investors,” markets veteran and co-founder of CoinRoutes Dave Weisberger told Cointelegraph, adding that all pending applications will likely be included in a final decision . The SEC is analyzing a total of eight applications for a spot Bitcoin ETF, following past delays and denials of the crypto product in recent years. Companies up ...