The first XRP exchange-traded fund (ETF) in the US recorded a “terrific response” on its opening day, according to Teucrium CEO Sal Gilbertie. Speaking on the Crypto Prime podcast, Gilbertie called the debut Teucrium’s most successful ETF launch to date in terms of first-day activity. The New York Stock Exchange (NYSE) has approved listing a […]
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BlackRock has expanded the custodial structure of its iShares Bitcoin Trust (IBIT), formalizing Anchorage Digital Bank N.A. as an additional Bitcoin custodian through a new Master Custody Service Agreement. The development, disclosed in a Form 8-K filing dated April 7, 2025, introduces a secondary custodian while Coinbase continues to serve as the primary holder of […]
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The New York Stock Exchange (NYSE) has approved listing a new exchange-traded fund (ETF) tied to XRP. The Teucrium 2x Long Daily XRP ETF (XXRP) will launch on April 8 and aims to deliver twice the daily performance of XRP using swap contracts. News of the approval drove XRP’s price up by around 7%, reaching […]
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Teucrium’s leveraged ETF arrives amid a flurry of applications for spot XRP ETFs still under SEC review.
Digital asset investment products saw $240 million in outflows last week, marking a sharp reversal in sentiment. Bitcoin-based products accounted for most of these losses, registering $207 million in outflows, according to CoinShares’ latest weekly report. Despite recent volatility, Bitcoin’s year-to-date inflows remain strong at $1.3 billion. Why outflows? CoinShares explained that the crypto outflows […]
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The fund aims to benefit from the inherent losses resulting from holding leveraged funds longer than one day, known as volatility decay.
Grayscale has taken the next step in its efforts to launch a spot Solana exchange-traded fund (ETF). On April 4, the digital asset manager filed a Form S-1 with the US Securities and Exchange Commission (SEC), aiming to convert its existing Grayscale Solana Trust (GSOL) into a publicly traded ETF. Crypto traders on the decentralized […]
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Coinbase Derivatives has taken a major step toward expanding its crypto offerings by filing with the US Commodity Futures Trading Commission (CFTC) to launch an XRP futures contract. If the CFTC gives the green light, trading could begin as early as April 21, 2025. According to Coinbase Institutional, the proposal would allow the company to […]
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Bitwise Asset Management has rolled out three new exchange-traded funds (ETFs) designed to generate consistent monthly income by leveraging the high volatility of crypto-linked stocks, according to an April 3 statement. The newly launched ETFs include the Bitwise Coinbase Option Income Strategy ETF (ICOI), Bitwise Marathon Digital Option Income Strategy ETF (IMRA), and Bitwise MicroStrategy […]
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Grayscale has launched two new Bitcoin exchange-traded funds (ETFs), expanding its crypto investment suite with products centered on income generation, according to an April 2 statement shared with CryptoSlate. The funds, Grayscale Bitcoin Covered Call ETF (BTCC) and Grayscale Bitcoin Premium Income ETF (BPI), are designed to turn Bitcoin’s volatility into a source of regular […]
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VanEck is pushing to launch the first US-based spot exchange-traded fund (ETF) tracking the BNB token. On March 31, the asset manager registered a legal entity named VanEck BNB ETF with the Delaware Division of Corporations, marking the first formal move in what could become a full ETF application submitted to the US Securities and […]
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VanEck's BNB ETF, if approved, would be the first such product listed in the U.S.
BlackRock has secured approval from the Financial Conduct Authority (FCA) to operate as a registered crypto asset firm in the United Kingdom. The approval places BlackRock, the world’s largest asset management firm, among a growing list of regulated companies in the region, including Coinbase and Kraken. This milestone also marks a significant step in the asset manager’s continued expansion […]
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Grayscale filed an S-3 Form with the US Securities and Exchange Commission (SEC) on April 1 to register its multi-asset Grayscale Digital Large Cap Fund (GDLC) as an exchange-traded fund (ETF). Under the Securities Act of 1933, the S-3 form is used by issuers that meet specific reporting requirements to register securities for public sale, […]
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CoinShares data shows the ninth straight day of inflows despite macroeconomic headwinds. According to CoinShares, digital asset investment products recorded $226 million in inflows last week, marking the ninth consecutive trading day of net positive flows across exchange-traded products (ETPs). The report, authored by Head of Research James Butterfill, indicates a cautious resurgence of institutional […]
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A highly-debated forecast that XRP may eventually reach $10,000 per coin has ignited controversy in the crypto world. The ambitious assertion has been greeted with excitement and skepticism as analysts consider the variables that might affect the token’s price. Related Reading: Bitcoin And Ethereum Face $14 Billion Options Expiry—Market Impact Ahead? On the basis of reports, the prediction of XRP to hit this level comes from possible drivers such as ETF approvals, institutional adoption, and its position in traditional finance. But not everyone believes that this is possible. ETFs May Not Be The Solution Among the supporting arguments for the $10,000 price projection is the role that XRP ETFs are speculated to play. Its fans expect exchange-traded funds will usher huge institutional investment into XRP, hence increase its price. Nevertheless, crypto analyst Joshua Jake has dispelled the concept, referencing the example of Bitcoin ETFs. Can $XRP Hit $10,000 ???? A full breakdown of what you should be expecting this bull run. pic.twitter.com/aQCWwyPIhX — Joshua Jake (@itzjoshuajake) March 25, 2025 He stated that Bitcoin ETFs, although unlocking the door for institutional investors, have not taken Bitcoin to hyper prices of $1 million a coin. Jake thinks the same principle applies for XRP in that ETFs cannot drive the type of market action necessary to hit $10,000. Jake also pointed out that while ETFs provide market access, they primarily lead to increased market-making and higher levels of resistance. Even achieving $30 or $20 per XRP, he said, would require massive value injection into the market, which is far from guaranteed. Market Cap Raises Concerns Considering XRP’s market cap, hitting $100 would push it to $10 trillion. At $10,000, it’d be $1 quadrillion—more than all the world’s wealth. Jake said that’s not realistic and advises caution with these predictions. Banks probably won’t drive XRP to $10,000. Experts say if every bank in every country used XRP, its price would soar. Jake disagrees due to competition in crypto and the current supply of 99.98 billion tokens. Even if some tokens are burned, there wouldn’t be the supply shock needed to push prices that high. Related Reading: Analyst Says Dogecoin Could Hit $1 With A Huge Breakout Comparing XRP To Bitcoin And Ethereum Comparing XRP to other well-known cryptocurrencies like Bitcoin and Ethereum was another topic of discussion. Jake responded to assertions made by proponents of XRP that Ethereum and Bitcoin are expensive despite their lack of progress. In order to counter this, he emphasized Ethereum’s contribution to tokenization and decentralized finance, pointing out that its whole value is fixed at $50.75 billion. Jake defended Bitcoin as well, calling it a widely used digital currency. He cited its application in the carbon credit market as well as backing from institutions such as the US government and the IMF. He contended, however, that XRP has not had the same degree of institutional support or adoption. At the time of writing, XRP was trading at $2.06, down 5.6% and 16.2% in the daily and weekly frames. Featured image from Gemini Imagen, chart from TradingView
Grayscale Investments is moving forward with its efforts to introduce a spot Avalanche exchange-traded fund (ETF) product to the market. On March 27, Nasdaq applied to list and trade the Grayscale Avalanche Trust shares as an exchange-traded fund with the US Securities and Exchange Commission (SEC). Despite the ETF filing, AVAX’s price is down more […]
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Bitcoin is gaining considerable momentum, with the big boss of Bitwise Asset Management having strong faith in the cryptocurrency’s prospects. The time has come for Bitcoin, says Bitwise CEO Hunter Horsley, citing the convergence of several forces behind its rising popularity and worth. This is while digital assets still hold the interest of both institutional investors and the public. Related Reading: XRP Price Imminent Breakout: $5.30 On The Cards, Analyst Says Big Institutions Onboard One of the most significant changes in the financial sector is the increasing interest from large institutions. Horsley pointed out how companies such as BlackRock, which had earlier been critical of Bitcoin, are now significant holders. Bitcoin is a big idea who’s time has come — Hunter Horsley (@HHorsley) March 26, 2025 This reversal on the part of institutional players in the financial space reflects broader recognition of Bitcoin as a legitimate asset class. The fact that these institutional players are now investing large amounts of money reflects long-term belief in the potential of Bitcoin. Easier Ways To Invest The introduction of Bitcoin Exchange Traded Funds, or ETFs, in the United States has made it simpler for large institutions and regular investors to get into Bitcoin. These ETFs allow people to invest in Bitcoin without the inconvenience of buying and owning the cryptocurrency. This accessibility has paved the way for additional capital to enter the Bitcoin market, which could stabilize prices and bring in a broader spectrum of investors. States Consider Bitcoin Reserves Surprisingly, some US state governments are considering the possibility of maintaining Bitcoin as part of their reserve funds. According to Horsley, a number of states are looking at bills that would enable them to buy and hold Bitcoin. If the trend gains popularity, it can result in serious Bitcoin purchases from these states, further influencing demand and possibly price. Related Reading: Dogecoin Set For 10x Surge? Elon Musk’s Anime X Post Sparks Hype Global Use Increases Outside of the US, there is also evidence of growing international demand for Bitcoin. Horsley noted that other nations are even employing the crypto in foreign trade. The Bitwise CEO points out that there has been a dramatic shift in the way individuals perceive Bitcoin. It’s no longer viewed by many as merely a speculative, fringe investment. Rather, it’s more a legitimate investment and a potential hedge against conventional financial systems. This change of sentiment, combined with growing institutional adoption, more accessible investment channels, state-level interest possibilities, and expanding international usage, is a reflection of a mature asset of great potential, said the Bitwise big boss. Nevertheless, as with any investment, don’t forget that the crypto market is volatile. Featured image from Gemini Imagen, chart from TradingView
Canary Capital CEO Steven McClurg said the firm’s recent “out-of-the-box” crypto exchange-traded fund (ETF) filings are a calculated approach to engage with assets that have potential and unmet demand. In a recent interview with CryptoSlate, McClurg explained the rationale behind the company’s filings, ranging from the first Litecoin (LTC) ETF to the first fund to […]
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BlackRock’s Global Allocation Fund increased its exposure to Bitcoin (BTC) through its spot exchange-traded fund, iShares Bitcoin Trust (IBIT), by roughly 1,810% since the ETF was launched in January 2024. According to a filing submitted to the US Securities and Exchange Commission (SEC) on March 2, the fund held 821,664 shares of IBIT as of Jan. […]
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Optimism around a potential spot XRP exchange-traded fund (ETF) is rising as Ripple edges closer to the end of its long-standing legal clash with the US Securities and Exchange Commission (SEC). On March 26, Nate Geraci, President of the ETF Store, sparked fresh discussion around the possibility of an XRP ETF. He suggested that regulatory […]
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Bitcoin is on everyone’s crosshairs once more. The cryptocurrency shot up to $88,500 today, exciting traders who think the price will rise to $95,000 in the near term. But while optimism is high, so is caution. Some analysts are warning that a retreat back to $80,000 may occur before the next major rally starts. Related Reading: Shiba Inu ETF Proposal—Could This Be SHIB’s Breakout Moment? Traders Show Signs Of Greed Market intelligence platform Santiment reports that greed is building among crypto investors. References of Bitcoin reaching $100,000 or even as high as $159,000 have surged through social media platforms. While hope is generating all the excitement, Santiment reminds that such peaks in greed generally precede an imminent price adjustment. ???? As crypto has bounced nicely in the second half of March, traders have swung the pendulum back toward mild greed. After showing major fear in late February and early March following two stints of Bitcoin dipping as low as $78K, it appears that this rebound to $88.5K has… pic.twitter.com/WGvmvKSv2X — Santiment (@santimentfeed) March 25, 2025 Traders had also been holding back earlier in the year when Bitcoin fell to a low of $78,000. But that recent spike back to $88,500 does appear to have changed the general sentiment. Santiment suggests this might be an ideal time for traders to consider taking profits. Miners Hold Onto Bitcoin Reserves Bitcoin miners appear to be confident about the future. According to data from CryptoQuant, miners have not been selling much of their Bitcoin recently. In fact, miner reserves now total 1.81 million BTC, which is worth around $159 billion. Ali Martinez, a crypto analyst, confirmed in a comment on X that no significant selling activity has been recorded among miners over the past 24 hours. This behavior could be a sign that miners are expecting higher prices and prefer to hold onto their earnings for now. Institutional Interest Grows With ETF Inflows Institutional investors are also playing a big role in the market’s momentum. On March 25, Bitcoin spot ETFs in the US recorded a total daily inflow of $27 million. BlackRock, one of the largest asset management firms, led the way with $42 million in inflows that day. Whereas some other funds such as Bitwise and WisdomTree experienced $10 million and $5 million outflows respectively, the robust demand for BlackRock helped in nudging the general trend into positive direction. BlackRock’s net assets in its Bitcoin spot ETF are currently at a little over $50 billion, demonstrating that institutional investors still have a passion for Bitcoin. Related Reading: Mt. Gox Moves $1 Billion In BTC Again—Is A Market Shakeup Coming? Analysts Expect Short-Term Fall Before Rally Technical analysis is indicating Bitcoin might experience a temporary decline before the next peak. On its 4-hour chart, Bitcoin is having a difficult time surpassing a trendline of resistance, creating what experts refer to as a “double top” formation. The pattern suggests the potential for a price drop towards $85,000. Meanwhile, the most important support level is at $86,146, according to the 61.80% Fibonacci retracement level. If Bitcoin manages to stay above this level, analysts indicate that the price may rebound and move towards $95,000. Featured image from Gemini Imagen, chart from TradingView
Chicago Board Options Exchange (Cboe) filed on March 25 to trade a spot Solana (SOL) exchange-traded fund (ETF) issued by Fidelity through the registration of a 19b-4 form. The move comes four days after Fidelity registered a Solana fund in Delaware. As of Dec. 31, Fidelity registered $5.9 trillion in assets under management, making it […]
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BlackRock, the largest investment firm in the world with over $11 trillion in assets under management, made two significant moves on March 25 to increase its presence in the crypto industry. The firm has extended its tokenized money market fund to the Solana blockchain and introduced its first Bitcoin exchange-traded product (ETP) in the European […]
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Crypto.com has announced a strategic partnership with Trump Media & Technology Group (TMTG) and Yorkville America to roll out a suite of exchange-traded funds (ETFs). The initiative, revealed on March 24, will introduce TMTG-branded ETFs combining digital and traditional assets. ETF move These products will feature a crypto-heavy ETF basket, including Bitcoin, Crypto.com’s native Cronos […]
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Asset management firm 21Shares has deepened its European footprint by launching three new crypto exchange-traded products (ETPs) on Nasdaq Stockholm, according to a March 24 announcement. The newly introduced products are the 21Shares Bitcoin Core ETP (CBTC), the 21Shares Solana Staking ETP (ASOL), and the 21Shares XRP ETP (AXRP). With the listings on Nasdaq Stockholm, […]
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DJT stock is up 9% after hours.
Crypto is now part of every financial advisor’s conversation and 57% of them plan to increase their allocations, TMX VettaFi senior investment strategist Cinthia Murphy said.
Crypto-related exchange-traded products (ETPs) ended their five-week outflow streak, recording strong weekly inflows of $644 million, according to CoinShares’ latest report. James Butterfill, Head of Research at CoinShares, noted that the trend reversal reflects a marked improvement in investor sentiment across the digital asset sector. According to him, crypto ETPs saw inflows every day last […]
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XRP may see record prices in 2025 despite its recent slump, according to industry expert Edoardo Farina. The digital coin trades at $2.40 as of press time, marking a 3.5% drop in the last day, and leaving recent investors with heavy losses. Related Reading: Ethereum Supply Squeeze? 10-Year Low Ignites Price Speculation XRP Still Outperforms Major Cryptocurrencies In 2025 This year, Bitcoin has dropped 9% and Ethereum shed 35% of its value. However, XRP has done pretty well, rising 12% since January. This performance comes even as the broader crypto market faces significant pressure, with many investors questioning if the bull run has ended. Farina, who serves as Head of Social Adoption at XRPHealthcare, remains confident about XRP’s future. “There is no way we’re not seeing higher prices in 2025,” he stated in a recent social media post. His optimism stands in stark contrast to the current market sentiment. Multiple Factors Could Boost Altcoin’s Value Based on Farina’s examination, a number of events could push the price of XRP higher in the months to come. Top among these is the pending evaluation of more than 15 XRP ETF proposals by the Securities and Exchange Commission. The investment products might unlock the gate for institutional funds to pour into the altcoin just like it has done with Bitcoin in 2024. Facts. ???? Regulatory clarity, institutional adoption, and real-world utility are all aligning for XRP. $2.40 is just the beginning—2025 will be a game-changing year. Buckle up. ???? — Latest Crypto XRP (@LatestCryptoXRP) March 20, 2025 Future stablecoin regulation may also help the crypto asset indirectly. Although XRP itself is not a stablecoin, Ripple’s RLUSD stablecoin would receive credibility from more transparent rules. XRP researcher SMQKE opines this would boost demand for XRP because fees on transactions paid in altcoin get “burned”, lessening supply. Trump Administration Support May Provide Additional Momentum According to reports, the administration of US President Donald Trump intends to give preference to US-based cryptocurrency firms such as Ripple. This possible government support might result in increased acceptance and usage of XRP, driving its price upwards. Farina believes this support, combined with what he calls “institutional FOMO,” will create a rush of large investors entering the XRP market. These big money moves would drive substantial buying activity. Related Reading: 1 Million Bitcoin In New Whale Hands—A Mega BTC Rally On The Horizon? Supply Reduction Could Lead To Price Surge The last part of Farina’s forecast says there could be a “supply shock” for XRP. As more institutions start using it and transaction fees keep getting burned, the number of available XRP tokens will go down. Basic economics tells us that if supply keeps going down while demand stays the same or goes up, prices could reach new all-time highs. For investors who bought XRP within the last two months, this prediction offers a good dose of optimism after suffering a 20% loss in value. However, market observers note that crypto predictions should always be viewed cautiously, especially when coming from those with potential conflicts of interest. Featured image from Gemini Imagen, chart from TradingView