According to the filing, the fund will invest 80% or more of its assets in digital transformation companies and digital asset instruments.
The ETF aims to give investors exposure to a diverse basket of cryptocurrencies such as SOL, XRP and ADA, among others.
XRP’s market cap has climbed to the 3rd spot among top cryptocurrencies by market cap and surpasses asset manager BlackRock.
The next few weeks are shaping up to be a whirlwind as Trump returns to Washington D.C. with plans to issue executive orders and much more.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Top Republican leads at the SEC are weighing whether to start a process that could lead to more clarity for crypto, according to Reuters.
Investors’ appetite for Bitcoin exchange-traded funds (ETFs) remains strong even as the US Securities and Exchange Commission (SEC) remains cautious as recent outflows hit the market. Bitcoin ETF flows According to SoSoValue data, the US-based spot Bitcoin ETFs experienced significant outflows over the past four days, totaling $1.2 billion. On Jan. 14, the 12 spot […]
The post Interest in Bitcoin ETFs persists despite SEC delays and significant $1.2B outflows appeared first on CryptoSlate.
Ripple has committed $100,000 in XRP to aid relief efforts for victims of the devastating California wildfires. According to a Jan. 14 statement, this contribution was channeled to World Central Kitchen and GiveDirectly, two organizations actively providing meals and financial assistance to those affected. The firm stated that its donation was facilitated through The Giving […]
The post Ripple donates $100,000 in XRP for California wildfire relief amid ongoing SEC battle appeared first on CryptoSlate.
Elon Musk, the billionaire entrepreneur and CEO of Tesla, has criticized the US Securities and Exchange Commission (SEC) over its lawsuit regarding his delayed disclosure of a significant stake in Twitter, now rebranded as X. The lawsuit marks a culmination of the SEC’s scrutiny of Musk’s investment activities with the social media platform in 2022. […]
The post Elon Musk slams SEC as ‘broken’ over ‘artificially’ created $150 million Twitter stock windfall appeared first on CryptoSlate.
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Elon Musk, accusing him of breaking securities laws. The SEC claims Musk delayed disclosing his 5% ownership in Twitter, allowing him to buy more shares at lower prices, allegedly underpaying by $150 million. Typically, such a stake requires timely public disclosure, but Musk …
The US Securities and Exchange Commission alleges Musk violated US securities laws by failing to timely disclose that he owned over 5% of Twitter’s stock in early 2022.
According to Ripple’s chief legal officer, the SEC will continue with its appeal of a judgment in the civil case despite Chair Gary Gensler stepping down in six days.
The SEC chair is set to leave office in six days, the same day Donald Trump is scheduled to be inaugurated as president in Washington, DC.
Robinhood Markets has agreed to pay $45 million to settle its cases filed by the US Securities and Exchange Commission (SEC). In a document shared by the agency, Robinhood Markets violated rules on blue sheet filing, identity theft, and suspicious activity reporting, including a 2021 data breach that exposed customers’ data. Related Reading: Hong Kong […]
Telegram-linked blockchain project, TON, is set to focus on growth in the US market under the incoming administration of US President-elect Donald Trump.
Robinhood has agreed to pay $45 million in civil penalties to settle charges of securities law violations. According to a Jan. 13 statement, this settlement follows an investigation by the US Securities and Exchange Commission (SEC) into the activities of its subsidiaries, Robinhood Securities LLC and Robinhood Financial LLC. The penalties include $33.5 million from […]
The post Robinhood pays $45M to settle SEC violations over reporting and cybersecurity missteps appeared first on CryptoSlate.
A panel of judges said it would not force the SEC to implement rulemaking on crypto, but one referred to the commission’s “fogginess” as potentially harming digital asset firms.
Many executives and analysts predicted the success of US spot Bitcoin ETFs in 2024, but the funds surpassed expectations.
Canadian spot Bitcoin ETF investors have been flocking to more liquid US alternatives, triggering the largest crypto ETF outflows in Canada’s history.
In an interview with David Gura on Bloomberg Markets on Wednesday, outgoing Securities and Exchange Commission (SEC) Chair Gary Gensler reviewed his tenure and the role of crypto within the US capital markets. Gensler, who has less than two weeks left in his term, remained steadfast on his stance toward the digital asset space, calling […]
Crypto stakeholders have criticized the outgoing Securities and Exchange Commission (SEC) Chair Gary Gensler for his continued hostility toward the crypto industry. In a recent Bloomberg interview, Gensler reiterated his concerns about the emerging industry, claiming that it was “rife” with bad actors. Gensler defends SEC legacy According to him, the financial regulatory agency made […]
The post Crypto industry blasts SEC Chair Gensler’s continued ‘arrogance’ appeared first on CryptoSlate.
Judge Katherine Failla granted Coinbase’s request for an interlocutory appeal, citing different courts’ interpretations of what constituted a security under the SEC’s purview.
There is growing excitement from cryptocurrency investors as Solana finally was able to get out of a slump, gathering more momentum for a robust comeback in the new year. SOL clawed its way back above the critical level of $202, signaling the resurgence of one of the crypto market’s most popular digital assets. Related Reading: Wealth Mentor Predicts XRP Path To $100 – Should You Invest Now? SOL Price Rebounds Analysts are seeing that Solana is off to a good start as the virtual coin opened the new year with a price uptick, raising market optimism over the crypto. SOL experienced an 10% surge in its price on January 2, opening 2025 on a positive note. Market observers also noted that Solana continues its dominance over Ethereum on year-to-date performance. At the time of writing, SOL was trading 209.22, up 3.5% in the last 24 hours, and soaring 10% in weekly timeframe. Data shows the price hike happened after a brief consolidation for the altcoin. During the day, the crypto reached a high of $209.35, nearing the $210 mark, while recording a low of $188, which some analysts said was a reflection of the regaining investors’ confidence and optimism on the digital asset. What’s Next For Solana? Market observers explained that Solana hitting $208 per coin is a significant achievement for the virtual asset, saying that the price increase allowed the crypto to break the resistance level of $202. This milestone is seen by analysts as a crucial step for the ongoing recovery of the SOL crypto and in propelling it to attain further gains. Related Reading: XRP’s Path To $15: A Look At Historical Price Alignments After the $202 level, many analysts see the next goal for the crypto is clawing way back to $220, a critical level that SOL needs to surpass so it can reclaim its loss glory at $245 per coin. If Solana is triumphant in getting back to the $245 level, analysts believe it “would enable Solana to recover most of its recent losses, reinforcing its bullish outlook and boosting investor sentiment.” Excitement About SOL ETF The regained investors’ confidence in Solana is being attributed by some analysts to the growing excitement of a possible Solana exchange-traded fund. Many crypto investors are anticipating that the US Securities and Exchange Commission (SEC) will approve the Solana exchange-traded fund this year, a milestone that some traders believe would drive the price of the coin up. Some traders are speculating that the SEC would give the green light to Solana exchange-traded fund as early as July 31, 2025, a rumor which is gaining traction. Even the Polymarket platform said that there is a 65% probability that the ETF would get the approval, up from the previous 50% approval likelihood prediction. Featured image from Chainalysis, chart from TradingView
In a post on X, prominent pro-XRP attorney, John E. Deaton, shed light on the intricate dynamics between the US Securities and Exchange Commission (SEC) and Ripple’s competitors, suggesting a coordinated effort to undermine the company and its digital asset. Deaton emphasized the extensive impact of the SEC’s lawsuit on Ripple, stating, “I do not […]
Cointelegraph recounts the most memorable moments on X this year which influenced crypto and crypto culture in 2024.
Asset management company Volatility Shares has submitted with the United States Securities and Exchange Commission (SEC) an application to list a Solana futures exchange-traded fund (ETF). This strategic move comes after a host of asset managers applied to launch a spot Solana ETF earlier this year. Will Volatility Shares Increase Odds Of Spot ETF Approval? […]
Bitcoin’s 2024 returns were doubled by the XRP token, following a significant legal victory for Ripple Labs and expectations of the SEC potentially dropping the lawsuit.
From blockchain boosters to crypto critics, 2024 highlighted the champions and adversaries shaping the future of digital assets.
The ensuing fallout from the Terra ecosystem collapse eventually caused Terraform Labs to shut down following a settlement with the SEC.
The SEC’s new rules on digital asset promotions aim to “curb the menace” of social media influencers promoting unregulated crypto products.