The SEC has postponed its ruling on Canary Capital’s spot Litecoin ETF, extending the review period amid ongoing regulatory scrutiny. Analysts weigh in on LTC’s ETF prospects.
Cardano has overtaken Ethereum in developer activity while maintaining key price support levels, with its founder actively pursuing Bitcoin DeFi integration as spot ETF decisions loom.
The U.S. Securities and Exchange Commission (SEC) has officially acknowledged Grayscale’s filing for a Cardano (ADA) exchange-traded fund (ETF), signaling a potential milestone for cryptocurrency adoption. This move highlights growing institutional interest in digital assets beyond Bitcoin and Ethereum.
Litecoin (LTC) faces bearish trends amid significant whale movements and growing anticipation around potential ETF approvals, shaping its market dynamics.
Cardano’s native token, ADA, experienced an impressive surge following Grayscale Investments’ application for the first ADA spot ETF in the U.S. The filing has led to significant optimism among investors, with ADA’s price outperforming both Bitcoin and Ether amidst a focus on Layer 1 cryptocurrencies.
XRP experiences a dramatic 17% surge reaching $0.70, outperforming most major cryptocurrencies, while market analysts remain divided on whether this signals the start of a new alt season or a potential warning sign.
XRP experiences a dramatic 54% surge in trading volume, reaching $1.04 billion, as the cryptocurrency market shows signs of recovery following a massive $225 million liquidation event, with the token’s price climbing 2.29% to $0.512.
Major Japanese financial institutions, including Mitsubishi UFJ Trust and Nomura Securities, have submitted proposals urging regulators to prioritize Bitcoin and Ethereum for potential cryptocurrency ETFs, citing their market stability and long-term investment potential.
Crypto asset manager Bitwise has registered a trust entity in Delaware, signaling potential plans for an XRP-based ETF. Despite this development, XRP’s price remains relatively stable amidst a broader market downturn.
Following Brazil’s approval of a Solana ETF, experts suggest similar approval in the US is inevitable but face regulatory hurdles and uncertain timelines.
