Giá Legend of ArcadiaARCA

Dogecoin (DOGE) and XRP saw a sharp price increase of over 10% on Friday after the U.S. Securities and Exchange Commission (SEC) acknowledged spot Exchange-Traded Fund (ETF) filings from Grayscale Investments and 21Shares. Notably, on Thursday, the SEC officially published a regulatory notice seeking public comments on the proposed rule changes required to list Grayscale’s XRP and Dogecoin Trusts under NYSE Arca Rule 8.201-E. This acknowledgment marks the beginning of the formal review process, which spans up to 240 days, during which the SEC must approve or reject the applications. Grayscale’s strategy for the Dogecoin ETF involves structuring it so that authorized participants handle cash transactions rather than directly holding DOGE, addressing potential regulatory concerns. Coinbase Custody has been designated as the custodian, while BNY Mellon will oversee administrative functions. Meanwhile, the SEC also recognized the XRP ETF application submitted by asset manager 21Shares on Friday. However, it is important to note that while these acknowledgments do not equate to approval, they represent a significant first step in the regulatory process. “To be sure, there’s still a whole process to go through with all of these new crypto ETF filings (LTC, DOGE, SOL, XRP, etc.), but this is a good first step as it means there’s at least a chance these products could launch in the future,” tweeted Eleanor Terrett, a crypto-journalist at Fox Business. Meanwhile, the news has sparked optimism among investors, with Polymarket data showing that the odds of DOGE and XRP ETFs being approved have risen to 75% and 78%, respectively. Elsewhere, Bloomberg ETF analyst James Seyffart estimated XRP has a 65% chance of securing ETF approval, while DOGE’s odds stand slightly higher at 75%. On the other hand, Bloomberg’s Eric Balchunas also weighed in on the SEC’s decision, stating, “DOGE ETF filing has been acknowledged by the SEC. This is part of the normal process, but it’s a good sign considering these altcoins were previously told to withdraw right after filing.” He added that this acknowledgment slightly improves the likelihood of approval. That said, the SEC’s shift in stance follows the departure of former Chair Gary Gensler, known for his skepticism toward crypto assets. Historically, the agency has hesitated to approve ETFs beyond Bitcoin and Ethereum. Under Gensler’s leadership, the SEC rejected at least 20 spot Bitcoin ETF applications before finally approving them in January. The agency has also delayed decisions on products like ETH and SOL ETFs, pushing some final deadlines into May 2025. As the SEC’s review process unfolds, investor optimism surrounding DOGE and XRP ETFs continues to build, potentially driving further gains for both assets.

The U.S. Securities and Exchange Commission (SEC) has now formally acknowledged the spot XRP ETF filing from Grayscale and NYSE Arca. This has brought back positive feelings around the token. With Bitcoin and Ethereum ETFs already approved, many analysts think XRP might be next . This regulatory development could open the door for significant institutional money. Estimates suggest that between $4 billion and $8 billion could flow into the market within the first year after approval. XRP is trading around $2.80, after the latest price rise, with XRP facing strong resistance at $2.91. This price level is important and could decide if XRP moves higher this weekend. If buyers push the price past this point, XRP could climb towards $3.15. However, a major downward trendline is waiting at that level. Right now, market momentum is showing mixed signals. XRP is holding above its 20 and 50 EMAs on the 4-hour chart. The RSI is around 68, meaning that while XRP is getting close to being overbought, there is still buying interest. If XRP stays above the $2.52 support level, traders might see a push above resistance over the weekend. But, if it can’t get past $2.91, a short-term drop back towards $2.37 is possible. This $2.37 area has been a solid support zone during previous price dips. Related: XRP Soars 17% Near $3 as SEC Reviews More of Its ETF Bids: Approval Soon XRP’s price movement largely depends on whether buyers can build enough momentum to break through the current resistance areas. If there’s a sustained breakout above $3.15, expect a faster move towards $3.40. If this level is also broken, XRP could extend its gains towards $3.80 in the coming days. On the other hand, if XRP is rejected at $2.91 or $3.15, it could retest support at $2.52 and $2.37. Dropping below these levels would signal more selling pressure, potentially pulling XRP back to $2.20. Traders should look for confirmation signals. Price stability above $2.91 would suggest stronger bullish sentiment. However, not holding above $2.52 might indicate more downside risk. Several major asset managers, including WisdomTree, Bitwise, 21Shares, and Canary Capital, have also filed for spot XRP ETFs. This shows growing demand from traditional finance. Bloomberg ETF analyst James Seyffart called this news the “biggest XRP news in years.” He pointed out that regulatory acceptance could significantly change XRP’s market standing. With institutional interest surging, everyone is wondering how an ETF approval could affect XRP’s price. As investors consider this new information, focus is shifting to key technical levels. These levels could determine the next major price swing. Related: SEC Postpones Coinbase Appeal Response Citing New Crypto Task Force XRP still looks bullish, but the next few days will be key to see if it can break through important resistance levels. If buyers manage to reclaim $3.15, the market might see renewed upward momentum. However, traders need to be cautious, as resistance remains strong at $3.40. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

NYSE Arca has proposed a rule change to allow staking of ether held by the Grayscale Ethereum Trust ETF and Grayscale Ethereum Mini Trust ETF.

On Feb. 10, crypto asset manager Grayscale officially filed for a Cardano exchange-traded fund with the New York Stock Exchange, expanding its push into regulated crypto investments. The firm has never previously offered a standalone investment vehicle for ADA despite making past moves to do so. Asset managers have been emboldened by President Donald Trump’s embrace of crypto with ETF applications for altcoins, including XRP, Solana, and Litecoin, in recent weeks from the likes of Canary Capital, WisdomTree, 21Shares, Bitwise, and VanEck. Grayscale filed 19b-4 for a spot Cardano ETF. First one in US and ballpark 60th crypto ETF filed this year so far pic.twitter.com/alj7EjtfIS — Eric Balchunas (@EricBalchunas) February 11, 2025 Cardano ETF Inbound Grayscale has filed to convert its existing SOL and XRP trusts into a spot ETF but the ADA fund would be a new product. On Jan. 30, NYSE Arca filed to convert Grayscale’s XRP trust into a spot ETF, and on Feb. 6, it did the same for its SOL trust. According to the 19b-4 filing, the Trust will hold only ADA, with each share representing a proportional interest in the fund’s holdings. Coinbase Custody would be the custodian of the assets, and BNY Mellon Asset Servicing would serve as administrator. “Institutional interest in Cardano is heating up,” commented IBC Group founder Mario Nawfal who added that the move comes just a week after Virtune AB launched a Cardano ETP on Nasdaq Helsinki. The Cardano native token has surged 14% on the day, with most of the gains coming in the past couple of hours after the news broke. ADA hit an intraday high of $0.8 but still remains down 17% over the past fortnight as altcoins have been battered recently. ADA hit a 2025 high of $1.16 on Jan. 18 but has been down-trending since. Nevertheless, analysts remain hopeful that ADA will continue its bullish momentum, which has seen the asset gain 140% over the past six months, especially if a spot ETF is approved in the US by the SEC. Spot Crypto ETF Outlook Spot Bitcoin ETFs in the United States have had a mixed month in February, which has seen $578 million in inflows and $561 million in outflows, according to Farside Investors. Monday was another outflow day, with $186.4 million leaving the funds on aggregate. Fidelity’s FBTC saw the largest outflow with $136 million, followed by Grayscale’s GBTC, losing $46.3 million. BlackRock’s IBIT saw $55.3 million in inflows, but it wasn’t enough to turn the daily flow positive. Spot Ethereum ETFs have been positive, with just one outflow day so far in February, which was Monday. Feb. 10, when $22.5 million left the products. The post ADA Pumps 14% as Grayscale Files For Spot Cardano ETF appeared first on CryptoPotato.

witch token bye best oputunaty at this moment ? guys🥺