It’s Official, First XRP ETF Filing Lands on SEC’s Desk

Investment asset management firm Bitwise has become the first firm to file an initial registration statement for a spot XRP exchange-traded funds (ETF) with the United States Securities and Exchange Commission (SEC). The pursuit of an XRP ETF reflects the increasing demand among institutional investors for safe crypto products.

Epic Bitwise XRP ETF push 
Like other crypto ETFs, the potential Bitwise XRP ETF will provide exposure to the value of the underlying cryptocurrency held by the trust. 

Bitwise CEO Hunter Horsley stated that the asset manager is optimistic about the results that the XRP ETF
implementation will bring. “We believe blockchains will usher in new, apolitical monetary assets and permissionless applications for the 21st century,” Hosley wrote in the filing. 

He further noted that this is why, for the past seven years, Bitwise has helped investors access the opportunities in the space, and the Bitwise XRP ETP is not an exception. On Sept. 30, Bitwise registered an XRP ETF trust entity in Delaware. The trust listed CSC Delaware Trust Company as its registered agent in Wilmington, Delaware.

Bitwise’s latest move may encourage other asset managers to file a similar application with the U.S. regulator. The latest Form S-1 registration with the SEC follows Bitwise’s earlier entry into the crypto ETF ecosystem. 

Bitwise in crypto ETF game 
Almost a year ago, Bitwise resubmitted its amended proposal for Bitcoin ETFs after the regulator provided feedback and queries to an initial filing for the BITB.

In a matter of three months, the SEC approved the offering for trading, together with applications from BlackRock, Fidelity and Grayscale.

Similarly, the asset management firm filed an S-1 form with the U.S. SEC to launch a spot-based Ethereum ETF in Q1, 2024.

#XRP #Ripple #SECvsXRP #TMTG #tapswapwithdraw $BTC $ETH $XRP

 👀Attention: 

Binance will be delisting several spot pairs, impacting trading dynamics. It's crucial to exercise caution and stay informed if you hold any of the following pairs, as their trading availability will be affected:

1. CAKE/TUSD
2. DYDX/BNB
3. LAZIO/BTC

The delisting of these pairs is scheduled for May 31, 2024, at 03:00 (UTC). While these specific pairs will no longer be tradable, it's noteworthy that other pairs involving these coins/tokens, such as those paired with USDT or other cryptocurrencies, will remain available for trading.

The decision to delist these pairs stems from liquidity concerns. Binance aims to ensure a robust trading environment for its users by optimizing available trading options.

Before engaging in any trading activity, it's imperative to conduct thorough research (DYOR) and assess the potential impacts on your investment portfolio. Please be aware that MU_Traders provides information and insights but does not offer financial advice.

Stay vigilant and informed to navigate the evolving landscape of cryptocurrency trading effectively.

#TMTG
#Megadrop

$LAZIO $CAKE $DYDX

Wow, it looks like the crypto world is buzzing with excitement! 🚀 Donald Trump is stirring things up by saying the USA should be at the forefront of the crypto movement—no silver medals here, only gold! 🥇 On May 25, he took to his own platform, Truth Social, to share his bullish stance on crypto. 📢

He’s all in, folks! Trump is embracing the crypto companies and the whole shebang, and he’s not shy about it. He’s even throwing his hat in the ring for the 2024 presidential race against Joe Biden, with the big showdown set for November 4. 🗳️

And get this, right before he’s due to speak at the Libertarian Party National Convention in Washington, he’s got the crypto crowd all aflutter with his positive vibes. 🎤 The prediction markets are eating it up, with Polymarket giving him a 56% shot at victory, while Biden’s trailing at 38%. 📊

But wait, there’s more! Trump’s campaign is now saying “yes, please” to crypto donations. 🤑 On May 21, they rolled out the red carpet for Bitcoin and friends, partnering with Coinbase Commerce to fill up their war chest. 💰

And for the cherry on top, Trump’s been mingling with the crypto cool kids. Those lucky enough to snag his “Mugshot” NFTs got an invite to break bread with the man himself at Mar-a-Lago on May 8. 🍽️ It was a dinner to remember, especially if you’re into digital art of Trump’s mug shot from Fulton County Jail. 🖼️

So, what does this mean for Bitcoin ($BTC )? Only time will tell, but one thing’s for sure—it’s never a dull moment in crypto land! 🌐💫

#DonaldTrump #TMTG $BTC

Donald Trump Returns To X, Releases New Ad
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Republican Donald Trump has returned to the social media platform X, revealing a new campaign ad amid the ongoing presidential elections.

Republican Party presidential nominee Donald Trump has once again sparked a nationwide buzz, reviving his presence on the social media platform X. He revealed a new ad amid the ongoing presidential campaigns. With the former U.S. president’s account being inactive on the platform for nearly a year, today’s post came as a surprise to many.

Donald Trump Issues New Campaign Ad On X
The campaign advertisement posted by Donald Trump on X today, August 12, has garnered significant traction. Notably, the post read, “We will Make America Great Again,” while also showcasing the Republican’s undeterred stance in the American elections.

However, it’s worth noting that the Republican’s last post on the social media platform was posted around the same time the previous year. Also, the ad isn’t visible on his X account main handle.

This indicates that the former U.S. president is currently ‘running ads on X,’ as also spotlighted by DogeDesigner, a well-known Dogecoin executive.

Intriguingly, the current campaign ad also emerges in tandem with Elon Musk’s plans to initiate system scaling tests on the social media platform. In the wake of the looming interview between Musk and Trump, the American entrepreneur announced system scaling tests on X recently.

#Trump #DonaldTrump #Memecoins #US #TMTG $BTC $SOL $ETH

Donald Trump fueled the crypto fire: He could start the bull!

Former US President #DonaldTrump said, "Our country should be a leader in this field, there is no second place," in a post he made on May 25 on Truth Social, a social media platform owned by Trump Media and Technology Group (#TMTG ).

Former US President Donald Trump said, "Our country should be a leader in this field, there is no second place" in a post he made on May 25 on Truth Social, a social media platform owned by Trump Media and Technology Group (TMTG).

"I am positive and open-minded towards cryptocurrency companies and everything related to the new and developing sector," said Trump, adding that he will face current president Joe Joe in the presidential race in 2024, when the US elections will be held on November 4. 

Trump made his comments before his speech at the Libertarian Party National Convention, which will be held in Washington on the same day. Trump's recent positive approach towards crypto has naturally increased expectations for the crypto industry. According to Polymarket, a New York-based crypto prediction platform, Trump's chances of winning the election are 56 percent, while current President Joe Biden's chances are 38 percent.

This development comes right after Trump's presidential campaign announced that it would accept cryptocurrency donations. On May 21, the Trump 2024 campaign announced a fundraising page for eligible individuals to donate with cryptocurrency using Coinbase Commerce. 

In addition to making positive public statements about crypto, Trump is also known to meet with crypto enthusiasts.  Cointelegraph recently shared that people who purchased Trump's "Mugshot" NFTs had the opportunity to dine with Trump at his residence in Mar-a-Lago on May 8. The dinner was part of a deal to purchase digital artwork featuring a mug shot of him surrendering at the Fulton County Jail in Georgia.
$BTC