Canadian asset manager Purpose Investments has filed a preliminary prospectus with regulators to launch the world’s first-ever spot XRP exchange-traded fund (ETF). If approved, the Purpose Ripple ETF would provide investors a regulated and transparent way to gain exposure to XRP, a cryptocurrency widely used in cross-border payments. With over
The Securities and Exchange Commission has approved the Bitwise Bitcoin and Ethereum ETF (Exchange Traded Fund) which allows investors to gain exposure to both assets in a single-regulated product. The approval of the fund’s 19b-4 filling for the Assets Management Firm is a first step before it launches, then SEC
Grayscale Investments has filed with the New York Stock Exchange (NYSE) to convert its existing XRP Trust into a spot exchange-traded fund (ETF). The move aims to provide investors with direct exposure to XRP without holding the cryptocurrency. The Trust currently manages $16.1 million in XRP assets. According to the
A week and a half into Trump’s presidency, significant things are occurring in AI and cryptocurrency. These moves demonstrate a strong drive to integrate digital assets into the mainstream financial sector, which might spur the crypto market in the next few years. Trump issued executive orders to foster the development
The US SEC reviewed Canary Litecoin ETF filing earlier today. It opens a public comment period on the filing for a period of 21 days from the date of publication in the Federal Register. The crypto community is optimistic that the Litecoin ETF will get approval from the SEC. Investors
The Sonic founder exposes SEC harassment behind his 2022 DeFi departure. In a recent blog post on Medium, Andre Cronje, founder of Sonic revealed the shocking truth about SEC. Andre Cronje says that back in 2021 SEC used to harass him and repeatedly scare him by sending threatening letters. Because
Senator Cynthia Lummis has filed an amicus brief backing Coinbase’s legal battle with the U.S. Securities and Exchange Commission (SEC). The Wyoming Republican accuses the agency of overstepping its authority and undermining Congress’s regulatory role. Lummis criticized the SEC’s enforcement-driven approach under former Chair Gary Gensler. She described it as
Tuttle Capital has made a bold move by filing for 10 leveraged cryptocurrency exchange-traded funds (ETFs) with the U.S. Securities and Exchange Commission (SEC). Notably, the list features Solana (SOL), XRP, Litecoin (LTC), and Cardano (ADA), alongside lesser-known tokens like TRUMP, MELANIA, BONK, Chainlink (LINK), and Polkadot (DOT). These ETFs
Nasdaq filed a proposed rule change with the U.S. Securities and Exchange Commission (SEC) to let in-kind creation and redemption take place for the BlackRock iShares Bitcoin Trust (IBIT). This could hugely boost the operating efficiency of the largest spot Bitcoin exchange-traded fund on the market. In-kind creation and redemption
Ripple Labs has requested an April 16 deadline to file its cross-appeal brief in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The company intends to challenge the court’s classification of its institutional sales of XRP as investment contracts, which resulted in a $125 million fine.
