
April 22nd, 2025
An approval from the SEC would make the VanEck Bitcoin ETF the first open Bitcoin exchange-traded product in the US but the SEC continues to delay this.
A fresh group of meme stocks ($GEO and CLNE) has superseded $CLOV, $WISH, $SPCE, $AMC, and $GME in their recent rally, gaining over 30%.
The Invesco Galaxy Crypto Economy ETF is billed to track the investment results of the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Index while the Galaxy Blockchain ETF will track the results of the Alerian Galaxy Global Blockchain Index.
State Street Bank is also turning its inclination towards blockchain technology.
Bloomberg analyst Mike McGlone writes that despite nearly 50% correction, Bitcoin fundamentals remain strong as BTC is forming a base around $30,000. The strategist also expects a Bitcoin ETF approval ahead this year.
Ripple filed a motion requesting SEC investigate 14 foreign exchanges. The blockchain firm believes that the records held by the international exchanges will prove that its executives did not violate Section 5 of the Securities Act by selling off units of XRP.
Makara robo-advisors allow its users to invest across a basket of crypto offerings. The platform is completely regulated by the SEC and ensures high-security standards for its users.
From the trends we have seen in the digital currency ecosystem, Elon Musk’s tweet is an indication of the amount of influence he has in the broader investment landscape.
The waiting list for the BTC ETF approvals includes Trust Skybridge, Fidelity Tree, Wilshire Phoenix among others.
Hsu described the cryptocurrency space as a fast-growing market with numerous innovations and added that a failure to begin acting now will only make policing harder in the future.
The judge mentioned attorney-client privilege as a point for denying the SEC access to the legal records of Ripple.
Gary Gensler stated that investors on crypto exchanges should get similar protection as that offered to investors at the New York Stock Exchange. He also noted that the SEC is financially under-resourced when compared to the big-tech players.
WisdomTree is the second to apply for an ETH ETF. Asset manager VanEck had filed an application to create an Ether-focused exchange-traded fund earlier this month.
Garlinghouse’s sentiment is shared by Yoshitaka Kitao, CEO of SBI Holdings Inc. He also said that “after the current lawsuit, Ripple will go public.”
The XRP community and investors worry about what happens to their holdings in case the two parties decide to settle the scores but without taking into account the interests of the XRP token holders.