Spotlight on XRP: 21Shares Files for Spot XRP ETF with the SEC

In a significant development, asset manager 21Shares has filed with the U.S. Securities and Exchange Commission (SEC) to launch a spot XRP exchange-traded fund (ETF), following similar applications by Canary Capital and Bitwise.

According to the recent Form S-1 filing, 21Shares aims to list its Core XRP Trust shares on the Cboe BZX Exchange, providing investors with indirect exposure to XRP. Coinbase Custody Trust Company is set to act as the custodian for XRP holdings, should the SEC approve the filing.

The SEC has already greenlit Bitcoin and Ether ETFs but remains undecided on XRP due to Ripple Labs' ongoing legal battles. This includes an appeal over a judge’s ruling that XRP is not classified as a security in programmatic sales on exchanges.

The U.S. Federal Reserve has lowered the key interest rate by 25 basis points, as expected! 📉

In response, Bitcoin hit a new ATH of $76,718.99 (on Binance). 🚀

#Bitcoin spot ETFs experienced a record net inflow of $1.63 billion last week.

While #Ethereum spot ETFs saw a net inflow of $154 million.

Today's top gainers light up the #cryptomarket! 🚀

1. Cronos #CRO: +21.84%
2. Dogecoin #DOGE: +20.83%
3. Ethena #ENA: +16.97%

On average, the VTS price peaks 400 days after halving. We are now at the halfway point - 210 days have passed

So the next ATN will fall in May.

DOGE T-shirts from Trump are now on sale!

It seems the president decided to hype Dogecoin instead of Bitcoin, as he’s saving those for when they might rise in value 😎

And just to add to the excitement, Elon Musk has also tweeted specifically about Dogecoin.

BlackRock has 1,094 funds with total assets of $11.5 trillion.

IBIT, a bitcoin ETF, has been ranked #15 (by assets) for 10 months.

Top Meme Coins by Trading Volume (Last 24H):
1. #DOGE: $9.19B
2. #PEPE: $3.63B
3. #BONK: $1.41B

🔝 Top meme coins by social activity created in the last 7 days.

Do you hold meme coins❓
Yes — 🔥
No — 👎

💰 Users of the decentralized betting platform #Polymarket are almost certain that $BTC will hit the $100,000 level in 2024. The probability of this happening is estimated at 94%.