Government Shutdown Pushes Back XRP ETFs Approval, Here Is The New Timeline
The ongoing United States (US) government shutdown has caused a delay in the approval of several crypto investment products, including the XRP ETFs. As investors eagerly anticipate institutional exposure to one of the most popular and debated crypto assets, new insights from market insiders shed light on revised timelines, procedural shifts, and what could happen […]
Related News
The US government shutdown has significantly slowed operations across various federal agencies, including the Securities and Exchange Commission (SEC), which was expected to begin the approval process for long-awaited spot crypto ETFs. For the fourth consecutive time, spending proposals intended to reopen the government have been rejected by lawmakers from both parties, pushing the shutdown […]
Multiple crypto exchange-traded funds (ETFs) are set to launch this week despite the government shutdown, with investment products based on Solana (SOL), Litecoin (LTC), and Hedera (HBAR) seemingly ready to start trading as soon as Tuesday. Related Reading: Crypto Analyst Shows The Possibility Of The Ethereum Price Reaching $16,000 Big Week For Crypto ETFs On Sunday night, Nate Geraci affirmed that the next two weeks will be key for the long-awaited spot crypto-based ETFs as Solana, XRP, LTC, and other ETF filings are “all lined up & ready for launch.” Similarly, Bitwise CEO, Hunter....
In an unexpected turn of events, Ethereum (ETH) Futures Exchange Traded Funds (ETFs) are drawing closer to fruition, potentially becoming available for trading as early as October 3, which could be a significant catalyst for ETH price. Renowned Bloomberg ETF expert Erich Balchunas recently shared insights indicating that the Securities and Exchange Commission (SEC) might expedite its approval process to avoid potential disruptions caused by a looming government shutdown. SEC Considers Fast-Tracking Ether ETFs A government shutdown, which could go into effect if Congress and President Biden....
What to Know: $XRP has hit a recent low of $1.8 after the October 10 flash crash Institutional investment could be responsible for the recovery to $2.45 and beyond Several $XRP ETFs are scheduled for approval by the SEC this month The US shutdown has delayed these approvals, so they’ll be closer together $XRP has long been hyped as a crypto with the potential to transform the banking industry, and it might finally be taking off. The REX-Osprey XRP ETF has launched successfully, with the $XRPR fund trading over $37.7M on its first day on the market. Now, several other $XRP ETFs, which are....
Crypto commentator Zach Rector argues that XRP’s months-long malaise is nearing a turning point, contending that selling pressure has largely run its course and that a fresh wave of institutional demand is lining up on the other side of the ledger. “XRP sellers are exhausted,” Rector said in a video analysis published late on October 9, adding that “the downside action and the consolidation that we’ve seen over the past few months is coming to an end and the suits are now getting ready to sell it with slideshow presentations.” Reasons To Be Bullish On XRP Rector’s central thesis is that....