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The US Securities and Exchange Commission (SEC) approved three ProShares XRP ETFs (exchange-traded funds), sending XRP surging almost 8%. ProShares plans to roll out an Ultra XRP ETF (2x leverage), a Short XRP ETF, and an Ultra Short XRP ETF (-2x leverage) on April 30, according to filings. The company’s spot XRP ETF application remains pending, and a key SEC decision is expected on May 22. The SEC’s green light for the three XRP futures ETFs marks a key milestone in the Ripple token’s adoption by traditional financial markets. 🔥 The SEC just approved an $XRP ETF 🔥 But it’s not what many people think. It’s not a Spot ETF. It’s a Futures ETF. The difference? A Spot ETF buys and holds real XRP, creating real demand. A Futures ETF only bets on XRP’s price without touching a single real token. What… pic.twitter.com/EaqCWuOtM4 — John Squire (@TheCryptoSquire) April 27, 2025 The approval of ProShares’ XRP...

The Dogecoin (DOGE) ecosystem has been making quite some noise because of its increased large transactions. Data from Santiment revealed that the OG meme coin hit a 4 month high in terms of whale transactions. The total number of whale transactions jumped to the 1,203 mark. In addition, Dogecoin’s trading volume increased by more than 33% to $3.57 billion. This further suggests that investor interest is rising and that a rally may be imminent. Also Read: Microsoft Eyes November Launch of AI Employees: What it Means for MSFT Is Dogecoin’s High Network Activity Reflecting on the Price? Elaborating on the rising activity in the DOGE market, Santiment said, “On-chain activity indicates that whales may not be done with all the bullish momentum of crypto’s top meme coin. Though they took profit just before the top, their activity remains very high on DOGE’s network.” At press time, DOGE was trading at $0.1399 following a slight setback in terms of price. Over the past 24 hours, Do...

The Avalanche price jumped 13% in the last 24 hours to trade at $26.20 as of 00:44 a.m. EST, with trading volume surging 43% to $464 million. This comes as one of the largest asset managers in the industry, Grayscale, expands its crypto offering by launching an Avalanche (AVAX) trust. The fund will allow accredited investors to gain exposure to the cryptocurrency. We are proud to announce the creation of a new single-asset crypto investment fund, available through private placement: Grayscale Avalanche Trust $AVAX. Available to eligible accredited investors. Read the press release: https://t.co/XwKfjPD9Tw pic.twitter.com/HdzlNfwkQ8 — Grayscale (@Grayscale) August 22, 2024 Avalanche Price To Continue Soaring The Avalanche bears capitalized on the death cross at $27.45 to exert pressure on the price at the beginning of August, according to data from GeckoTerminal . However, the bulls later found support at $19.94, which then allowed the price to soar back to the $26.61 r...

US spot Bitcoin ETFs (exchange-traded funds) recorded $81.36 million net outflows yesterday to bring an end to a two-day positive flow streak as Bitwise says around 66% of institutional investors either increased or maintained their BTC ETF positions in Q2. BlackRock’s IBIT and Franklin’s EZBC were the only two funds to record net inflows on Aug. 14. IBIT saw its reserves grow by $2.68 million, while EZBC saw net inflows of $3.42 million, according to data from SosoValue . Grayscale’s Bitcoin ETF Takes Another Hit, Records Largest Outflows Grayscale’s GBTC took another knock and suffered $56.87 million inflows yesterday. Fidelity’s FBTC registered the second largest outflows for the day after $18.05 million left the fund. During the same trading session, Ark and 21Shares’ ARKB and Bitwise’s BITB also saw outflows of $6.77 million and $5.78 million, respectively. The remaining 6 funds recorded no flows. Trading volume for spot Bitcoin ETFs ...

Speaking to CNBC, Grayscale CEO Michael Sonnenshein says that the approval of a Spot Bitcoin ETF would unlock about $30 trillion worth of advised wealth for Bitcoin. Indeed, speaking on the Squawk Box program, Sonnenshein noted that approval will allow investment from individuals who have been “locked out” of a chance to have Bitcoin exposure. Sonnenheim specifically noted that the advised market would have seen a massive influence on Bitcoin investment. Unfortunately, the Grayscale CEO echoes similar statements shared by those optimistic about the approval of a Spot Bitcoin ETF. Moreover, many expect a decision to be made by the US Securities and Exchange Commission (SEC) in early 2024. JUST IN: Grayscale CEO says Spot #Bitcoin ETF approval would unlock about $30 trillion worth of advised wealth for #Bitcoin. pic.twitter.com/KTrSUMInnP — Watcher.Guru (@WatcherGuru) December 18, 2023 Also Read: ARK Invest Sells $2.5M in Grayscale GBTC Amid BTC Price Surge...