The cryptocurrency market witnesses a downtrend, hovering between $3.10 trillion and $3.20 trillion, as Bitcoin tests resistance levels and altcoins face declines, partly due to a recent hack on Bybit’s wallet. ETF inflow dynamics show a shifting investor sentiment in a week marked by volatility.
XRP experienced a slight decline on Wednesday, partially reversing Tuesday’s gains. Meanwhile, Ripple President Monica Long discussed increased institutional interest in digital assets, the company’s plans to launch a US dollar stablecoin, and the potential for XRP-spot ETFs.
There is a lot of expectation in the cryptocurrency industry after the lead developer of the Shiba Inu (SHIB) cryptocurrency referred to as Shytoshi Kusama, suggested that the development of a physical SHIB ETF could be on the card following the green light that the U. S. Securities and Exchange Commission (SEC) gave to the…
Five U.S. asset managers have amended their 19b-4 filings with the SEC for a spot Ether ETF, raising hopes for potential approval by removing provisions for Ether staking.
The Depository Trust and Clearing Corporation (DTCC) has ruled out assigning any collateral value to exchange-traded funds (ETFs) and similar investment instruments with Bitcoin or other cryptocurrencies as underlying assets, effectively excluding them from collateral eligibility.
Hong Kong is set to introduce spot Bitcoin and Ethereum exchange-traded funds (ETFs) by the end of April, as the region aims to establish itself as a regulated hub for the virtual asset industry and reclaim its reputation as a modern financial powerhouse.
