Altcoin News Daily Official TheBitTimes.com

The Shiba Inu ETF is one of the most highly speculated developments for the market to explore lately. The US SEC has recently introduced generic listings for the crypto ETF domain, making it possible for the market to eventually welcome an SHIB ETF. Will the current US SEC changes be able to finally help deliver a new Shiba Inu ETF to the market? Let’s find out. Also Read: Shiba Inu Price Dips 13%: Is an October Comeback Ahead? The Curious Case of the Shiba Inu ETF Source – CoinCodex The SHIB magazine took to X to share a detailed Analysis , proving how the recent changes made by the US SEC can play a crucial role in launching a SHIB ETF. The US SEC has now introduced generic listings for the crypto domain. Per the new changes, the SEC will allow crypto exchanges to list ETPs without encountering hectic issues, such as enrolling in lengthy processes. If a product has a futures contract that has traded for at least six months, then the regulator will allow that product to lau...

Ripple’s CEO, Brad Garlinghouse, stated in a Bloomberg interview that he is confident XRP will be included in the White House’s crypto stockpile. Garlinghouse also stressed that the US Securities and Exchange Commission (SEC) could approve XRP ETFs by the year’s end. Garlinghouse said that XRP ETFs are “inevitable.” The SEC has over 11 pending applications, which include those from Franklin Templeton, Bitwise, and Canary, among others. The SEC had delayed Franklin Templeton’s application until November this year. Also Read: Ripple (XRP) Turns $1,000 Into $5,000 In 1 Year XRP Will Make It to White House Crypto Stockpile, ETFs To Be Approved Soon Source: CoinMarketCap Garlinghouse’s statements come when Ripple is becoming a powerhouse in the global fintech sector. If XRP makes it to the White House crypto stockpile and if the SEC approves the ETFs, the altcoin could surge in the charts. It would receive an influx of institutional funds worth billions of dol...

Heightened interest in new crypto ETFs and a bullish pattern emerging have sent Ethereum higher in the past month. Inflows for current ETH ETFs are on the rise as the asset outpaces Bitcoin and other top crypto assets. As a result, Ethereum is up as much as 56% in the last 30 days and is poised to go higher. Traders are closely watching technical levels and broader sentiment for clues on where the market may go next. Ethereum’s price soared from $2,468 at the start of the month to $3,862. Bloomberg’s Eric Balchunas likened Ethereum’s current trajectory to the rise of 90s tech stocks, driven by explosive adoption and investor excitement. Over a 19-day stretch in July, spot ETH ETFs pulled in $5.37 billion, including a single-day high of $727 million. Most price forecasts have Ether testing new record levels in the coming month, with a return to $4k being the first step. Analysts at CoinCodex project ETH topping $4,000 in a matter of weeks, with $ 4,305.31 being the potential high...

Crypto firms are now waiting to hear back on 72 active applications for new crypto-related exchange-traded funds (ETFs). James Seyffart, an ETF analyst at Bloomberg Intelligence, compiled the list of submissions to the U.S. Securities and Exchange Commission (SEC). ETFs awaiting approval include funds tied to Solana (SOL), XRP (XRP), Sui (SUI), Litecoin (LTC), Axelar (AXL) Hedera (HBAR), BNB, Cardano (ADA), Avalanche (AVAX), Dogecoin (DOGE), Polkadot (DOT), Aptos (APT), Chainlink (LINK), Pudgy Penguins (PENGU), Official Trump (TRUMP), Melania (MELANIA) and Bonk (BONK). Other potential new ETFs are tied to a basket of currencies, and a few are based on Bitcoin (BTC) and/or Ethereum (ETH), assets that have already been approved for inclusion in other spot ETFs. Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence, predicts that BTC ETFs will remain dominant regardless of the number of altcoin funds that are approved. “No Second Best? Bitcoin ETFs c...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Cardano (ADA) is one of the most significant cryptocurrency tokens to exist in the space. ADA has long been fighting a plethora of negative market forces to regain its top spot. For a brief moment, ADA was able to sit at the coveted $1 mark but has plummeted greatly as current market dynamics have pushed the token to encounter further lows. ADA is currently sitting at $0.68. Can it truly rise high in March 2025? Also Read: Ethereum Buyers Pile In as Aya Miyaguchi Takes Over—Will ETH Rebound? Cardano: What’s Happening? Source: Cardano Feed Cardano has lately been gaining immense traction and spotlight due to a singular reason. Grayscale had earlier filed for a Cardano ETF, which has recently been acknowledged by the US SEC. This development has ushered in an enthusiastic moment for the ADA community members to bask in. Many ADA enthusiasts are bullish on the development, adding how the approval of the ADA ETFs can be a huge success for the community and the coin as well. JUST IN: ...

Ripple’s XRP had quite a few bullish weeks earlier this month. The asset breached the $3 mark for the first time in seven years. XRP has struggled to gain momentum since its all-time high in January 2018. Also Read: SEC Approves Bitcoin-Ethereum ETF—Crypto Jumps 12% with $100M Inflows! XRP Glows Red Source: CoinPedia Despite the recent upswing, Ripple’s XRP token has faced a significant correction over the last few days. The asset’s price is down 0.9% in the daily charts, 2.1% in the weekly charts, and 7.4% in the 14-day charts. The asset has maintained some gains in the monthly and yearly charts, rallying 44.6% and 505%, respectively. Source: CoinGecko Also Read: Shiba Inu Holders Demand a Solana Bridge: A Collaboration Underway? XRP’s dip could be due to macroeconomic factors. The US dollar is gaining strength and investors are flocking to safer assets. The Federal Reserve has paused interest rate hikes but has not announced a rate cut yet. The Fed also plans o...

Dogecoin (DOGE) is experiencing short-term weakness aligning with the broader market trend, but an analyst is projecting a 3,000% rally in the asset’s price. Based on historical price movements during past bull cycles, the Analysis suggests that DOGE could target a minimum valuation of about $8, according to pseudonymous analyst Trader Tardigrade in an X post on January 24.  Specifically, in prior bull cycles during 2017 and 2021, Dogecoin recorded gains of over 3,000% and 8,000%, respectively, after breaking above the previous candle body highs. Picks for you Here's when Bitcoin's bear market will start, according to expert 6 hours ago Orderly's (ORDER) one-month trading volume jumps by 157% ...

Ark Invest dumped Coinbase (COIN) shares worth about $3.9 million from its Fintech Innovation exchange-traded fund (ARKF) on Dec. 18 amid a 10% drop in the exchange’s share price and after Chair Jerome Powell surprised markets when he said the Fed will have a cautious stance on rate cuts going forward. The sale by ARK Invest marks one of the biggest by the investment firm since it sold $2.8 million worth of COIN on Sept. 23. COIN Is ARKF’s Second-Largest Holding Recent disclosures by the Cathie Wood -led investment firm shows that COIN is ARKF’s biggest holding, with the fund’s COIN weighting standing at 9.9% as of Dec. 18.  Meanwhile, its biggest holding is in Shopify.  Cathie Wood and Ark Invest’s trade activity from 12/18 pic.twitter.com/mOgWS9zzPp — Ark Invest Daily (@ArkkDaily) December 19, 2024 Part of ARK Invest’s strategy is to not have more than 10% of a portfolio exposed to a single stock in order to maintain diversif...

ETFSwap (ETFS) stands to gain the most from the recent shift to a crypto-friendly outlook amid the US presidential candidates. The decentralized ETF trading platform and its native token already have regulatory compliance measures in place. However, experts say the ETFSwap (ETFS) token could gain up to 3000% from the newly proposed policies. ETFSwap (ETFS) Revolutionizing DeFi With Regulatory-Compliant Trading Platform ETFSwap (ETFS) is a decentralized finance (DeFi) platform designed to facilitate tokenized exchange-traded funds (ETFs) trading and management. By leveraging blockchain technology, ETFSwap (ETFS) aims to provide a more efficient, transparent, and accessible way for investors to engage with traditional financial instruments like ETFs. The platform offers several key features and benefits that make it an attractive option in the evolving financial landscape. ETFSwap (ETFS) allows for the tokenization of real-world assets, specifically ETFs . By converting ETFs int...

Hong Kong could launch its first spot ETFs as early as the middle of this year. According to local media, Gary Tiu, chief executive and head of regulatory affairs at OSL, a Hong Kong-licensed crypto currency exchange, said the government may soon launch exchange-traded funds. OSL is in close contact with many fund companies, and between five and ten companies are currently exploring such an ETF. Tiu added that about five companies have made progress faster than others and have the potential to roll out the first spot crypto ETFs in Hong Kong by the middle of this year. Tiu also acknowledged the need to ensure that fees, when the exchange collaborates with fund companies, are not prohibitively high, given that there are currently only two licensed crypto currency exchanges in the city, according to the media report . You might also like: Hong Kong signals willingness to greenlight crypto spot ETFs Hong Kong, which operates a separate legal system from China, has experience...

The Securities and Exchange Commission (SEC) says it has launched an investigation into Tuesday’s fake post approving bitcoin ETFs, together with the Federal Bureau of Investigations (FBI) and other law enforcement agencies. A post made from the SEC’s official X (formerly Twitter) account claimed it had approved spot bitcoin ETFs — a much anticipated adoption which sent bitcoin’s price momentarily rocketing. Minutes later, however, the SEC said the post was fake and that its account had been “compromised,” which brought the price back down. An investigation by X found that an “unidentified individual” had gained control of the SEC account’s associated phone number. The SEC now claims that the post’s text and image weren’t created or drafted by its staff . The event caused controversy on X, with several crypto proponents accusing the SEC of faking a hack to postpone a decision on bitcoin ETF s. The @SECGov X account was ...

Even if approved by Nov. 17, the spot Bitcoin ETFs are unlikely to come to market for at least a month after approval. The United States Securities and Exchange Commission (SEC) could approve all 12 pending spot Bitcoin exchange-traded fund (ETF) applications by Nov. 17. Beginning on Nov. 9, the SEC reportedly has a “window” to approve all 12 spot Bitcoin ETF filings, including Grayscale Investments conversion of its Grayscale Bitcoin Trust product. However, even if the SEC approve s spot Bitcoin (BTC) ETFs by Nov. 17, it could be more than a month before the products launch. The expected delay in launch following SEC approval would be due to the two-step process of launching an ETF. For an issuer to start a Bitcoin ETF, it must get approval from the SEC’s Trading and Markets division on its 19b-4 filing and its Corporate Finance division on the S-1 filing or prospectus. Of the 12 Bitcoin ETF applications, nine issuers have submitted revised prospectuses showing they have communicat...