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The United States Securities and Exchange Commission (SEC) has pushed its decision on the Fidelity spot Ethereum ETF from January 20 to March 5, 2024.
#SecGov
#ETFSPOT
#cryptocurrecny
#CryptoNews🔒📰🚫
#CryptoNewsLand
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Notable #Bitcoin advocate and US Republican Senator Cynthia Lummis believes President-elect Donald Trump is building a Bitcoin army. Trump has maintained his pro-crypto stance since he emerged as the US President. Interestingly, his unwavering support for developing technological innovation has been evident in his post-election activities. Notably, these activities have caught the attention of fellow staunch Bitcoin advocate Senator Cynthia Lummis, who has lauded the president’s efforts. In this latest news about bitcoin, in a tweet today citing an appearance at FOX Business, the senator noted that Trump is building an army to fight for Bitcoin. #CryptoNewssCommunity
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#Ripple announces plans to invest in the rebranded physical XRP exchange-traded product (ETP) from leading asset manager Bitwise. XRP latest news today: The San Francisco-based company made the disclosure after Bitwise renamed its European XRP ETP, formerly dubbed the ETC Group Physical XRP (GXRP). The renaming is part of Bitwise’s commitment to rebranding its suite of products in Europe. Following the rebranding, the ETP is now Bitwise Physical XRP, operating under the same GXRP ticker. This rebranding comes three months after Bitwise entered the European market through its acquisition of ETC Group in August. ETC Group, which offered several physical crypto ETPs, including GXRP and Bitcoin ETP (BTCE), had $1 billion in AUM. Launched in 2022, GXRP offers European investors regulated exposure to the fifth biggest cryptocurrency by market cap through a 100% physically backed ETP. The product is issued under a prospectus approved by the German authorities. Commenting on the development, Bitwise co-founder and CEO Hunter Horsley highlighted XRP and XRPL among the most famous crypto projects. The executive expressed excitement about granting investors access to an institutional-grade product like the XRP ETP. #CryptoNewsUSA
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Having surpassed the $1 mark, #Fantom is one of the top performers in the crypto market. With a 10.92% surge in the past 24 hours, the 7-day gains have increased to nearly 60%. Crossing the $3 billion market cap, Fantom shows high potential for a parabolic recovery. On the weekly chart, the FTM price trend reveals a rounding bottom reversal, gaining momentum. Starting from the 23.6% Fibonacci level with the Morning Star pattern, the uptrend has risen more than 300% since August. The bull run started from a low point of $0.2631 on August 5 and has reached the current market price of $1.09. Completing the rounding bottom reversal, the Fantom price challenges the neckline stage. The overhead neckline coincides with the 61.80% Fibonacci level at $1.05. Furthermore, a resistance zone extending from $1.03 to $1.11 fuels the overhead supply. The FTM price trend shows the rounding bottom reversal surpassing the long-standing resistance trend line. Furthermore, the recent surge has broken above a local resistance trend line that had been limiting bullish growth. The weekly RSI is gradually approaching the overbought boundary at 84.90. Based on the previous peak at 84.90, the RSI shows considerable room for further recovery. #CryptoNewsCommunity
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