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XRP managed to maintain a price of 0.3 - 0.6 for 6 years. this is an achievement 👏 #XRP #XRPCOIN #RippleUpdate

XRP managed to maintain a price of 0.3 - 0.6 for 6 years. this is an achievement 👏 #XRP #XRPCOIN #RippleUpdate

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BlackRock, Grayscale, Bitwise File Updated 19B Forms in Rush for Ethereum ETF BlackRock, Grayscale and Bitwise on Wednesday filed amended 9b-4 forms with the U.S. Securities and Exchange Commission (SEC) for their proposed spot ether exchange-traded funds (ETFs). “Neither the Trust, nor the Sponsor, nor the Ether Custodian [...] nor any other person associated with the Trust will, directly or indirectly, engage in action where any portion of the Trust’s ETH becomes subject to the Ethereum proof-of-stake validation or is used to earn additional ETH or generate income or other earnings,” the amended BlackRock filing said. Staking is the process of locking specific cryptocurrencies for a set period to help support the operation of a blockchain, in turn, for a reward. These rewards are considered mainly passive income among crypto traders. All ether ETF hopefuls have now filed their amended proposals ahead of an approval or disapproval decision expected on Thursday. Fidelity filed its amended S-1 forms earlier this week, dropping its staking plans. Later, VanEck, Franklin Templeton, Invesco Galaxy and ARK 21Shares filed similar amendments to remove staking. Hashdex is the only issuer yet to file an amendment to its Ethereum ETF. As such, the Depository Trust and Clearing Corporation (DTCC) has started listing VanEck’s Ether ETF under the ticker symbol ETHV on its site, which some take as a positive sign. On Monday, influential Bloomberg analysts Eric Balchunas and James Seyffart updated their odds of approval to 75% from the earlier 25%, causing a market-wide jump. Ether rose over 17%, while bitcoin retook the $71,000 mark for the first time since early April. Market watchers have described the move as a sudden change in tone for the SEC, which was earlier said not to be considering the approval of an ether ETF. In an interview with Unchained, Seyffart said the issue had become “political,” with the decision coming “from above, likely Biden.” #Ethereum #ETF #blakcrock #GRAYSCALE
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Ethereum ETF Approval Could Spur 60% Rally as ETH Buying Increases Approval of spot ether (ETH) exchange-traded funds (ETF) in the U.S. could drive a rally of as much as 60% in the second-largest cryptocurrency in the coming months, QCP Capital said in a Thursday broadcast on Telegram The forecast echoes the market reaction after spot bitcoin ETFs were approved in January, the Singapore-based firm said. Bitcoin rose to over $73,000 from $42,000 in the two weeks after the ETFs started trading on Jan. 11, CoinGecko data shows. "With Friday implied volatility above 100%, the market is expecting fireworks," QCP said. "VanEck’s ETF has been listed by the DTCC. We think approval is now highly likely with trading expected as early as next week.”Implied volatility measures the market's expectation of future price fluctuations for a financial instrument. Buying activity increased on both centralized and blockchain-based crypto exchanges, on-chain analytics firm CryptoQuant said in a Wednesday report. Holders bought over 100,000 ETH in spot markets on Tuesday, the highest daily level since September 2023, as reports of a favorable decision emerged and some analysts bumped odds to over 75% from the earlier 25%. Open interest on ether-tracked futures spiked in tandem to a record $14 billion. That's 67% of bitcoin open interest as of Wednesday, an unusually high level. Activity also increased at the Chicago Mercantile Exchange, an exchange favored by institutions, with ether futures hitting a record notional $2.85 billion of trading on Tuesday, according to a spokesperson. Ether options traded a record 1,135 contracts ($216 million). “Traders seem to be getting more exposure now to ETH relative to Bitcoin,” CryptoQuant said. "The largest daily spot buying from ETH permanent holders so far in 2024." Ether prices in the coming days could be volatile after investors sent 62,000 ETH to exchanges, the most since early March, it said. "High exchange flows are typically associated with price volatility.”
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