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XRP, the native cryptocurrency of the Ripple payment platform, is a much smaller token that has largely traded on the drama surrounding a U.S. Securities and ExchangeCommission (SEC) lawsuit over the past four years. First, the SEC approved Bitcoin's first 11 spot price exchange-tradedfunds ( ETFs ) in January.
The differences between XRP and other cryptocurrencies XRP is the native cryptocurrency of Ripple, a blockchain ledger which is used as a cheaper, faster, and more secure alternative to the widely used SWIFT (Society for Worldwide Interbank Financial Telecommunication) protocol for money transfers. To make matters worse, the U.S.
Many cryptocurrencies plunged in 2022 as rising rates, the collapses of high-profile exchanges and tokens, and regulatory threats drove investors toward safer investments. Securities and ExchangeCommission (SEC) approved the first 11 spot price exchange-tradedfunds ( ETFs ) for Bitcoin this January.
SEC settlement The one catalyst that seems most likely is some form of settlement with the Securities and ExchangeCommission (SEC) this year in an ongoing lawsuit involving Ripple , the company behind the XRP crypto token. The SEC is adamant that XRP is a security, not a cryptocurrency.
Consider what happened during the previous altcoin season, which lined up nicely with the start of the previous Bitcoin halving cycle in May 2020. On the date of the halving, Ethereum was trading under $200. One year later, it was trading for $3,800. It eventually went on to hit an all-time high of $4,891 in November 2021.
That entire process makes it similar to a digital version of precious metal, so it's the only cryptocurrency that can be officially classified as a commodity instead of a security by the U.S. Securities and ExchangeCommission ( SEC ). Besides energy efficiency, PoS tokens have two key advantages over PoW tokens.
Now that the initial euphoria around the new spot Bitcoin (CRYPTO: BTC) exchange-tradedfunds (ETFs) has started to fade, it's time to move on to the next major catalyst for Bitcoin : the halving event in April. So it didn't come as much of a surprise when the SEC finally approved the spot Bitcoin ETFs on Jan.
Dogecoin was launched as a parody of Bitcoin (CRYPTO: BTC) in 2013, and Shiba Inu was created to poke fun at Dogecoin in 2020. Its blockchain also hosts ShibaDEX, a cross-chain decentralized exchange (DEX) which acts as an official cryptocurrency wallet for its own tokens. Second, the U.S.
Meet an exchange-tradedfund (ETF) that is heavily invested in Nvidia and -- believe it or not -- offers an ultra-high yield of 8%. JPMorgan Chase launched the fund in May 2020 to give investors monthly distributions, exposure to equity markets, and relatively low volatility. Actually, yes.
Due to its blazing fast speeds and lower transaction costs, Solana has been considered a potential "Ethereum killer" ever since it launched back in 2020. But the bigger story seems to be the hype over a spot Ethereum exchange-tradedfund (ETF).
Moreover, the approvals of the first spot price exchange-tradedfunds (ETFs) for Bitcoin and Ether , Ripple 's victory against the U.S. Securities and ExchangeCommission (SEC), and Bitcoin's halving in April all brought more bulls back to this segment of the market. AST has a market cap of $5.2
His company is one of the world's largest holders of Bitcoin, thanks to a Bitcoin accumulation strategy launched back in August 2020. For one, the SEC might decide that it will never approve a spot Bitcoin ETF. 30, MicroStrategy held 174,530 Bitcoins acquired at an average price of $30,252. What could possibly go wrong?
The easiest place to see this dynamic at work is with the imminent approval of the first-ever spot Bitcoin exchange-tradedfund (ETF) for the U.S. The conventional thinking now is that official approval from the SEC could come as early as the first quarter of 2024.
Every quarter, institutional money managers with at least $100 million invested in the markets are required to file a form 13F with the Securities and ExchangeCommission (SEC). While it's interesting that the fund owns a position in the Vanguard S&P 500 ETF, it's also not surprising.
Tom Lee, managing partner and Head of Research at Fundstrat Global Advisors, believes the combination of recently approved spot Bitcoin exchange-tradedfunds (ETFs), the recent halving of Bitcoin block subsidies, and the eventual easing of monetary policy (lower interest rates) could push Bitcoin to $150,000 by 2025 and $500,000 by 2029.
Today, however, XRP is trading for under $1 and is still mired in an ongoing lawsuit with the Securities and ExchangeCommission (SEC). To some extent, I'm chalking it up to the Bitcoin exchange-tradedfund (ETF) hype. Unlike XRP, it doesn't have an SEC case hanging over its head.
The first spot Bitcoin ETF The first major event is the arrival of a spot Bitcoin exchange-tradedfund (ETF) for the U.S. The good news is that Securities and ExchangeCommission (SEC) approval of the first spot Bitcoin ETF could come as soon as Jan. Let's take a look.
But Bitcoin (CRYPTO: BTC) brought the cryptocurrency market roaring back to life in recent months as two potential tailwinds caught investors' attention: the pending approval of spot Bitcoin exchange-tradedfunds (ETFs) and the reduction in Bitcoin mining rewards later this year. The first catalyst has already come to fruition.
Metric 2020 2021 2022 2023 (Forecast) Revenue $4 million $150 million $118 million $365 million Net Income (Loss) ($10 million) ($36 million) ($687 million) $24 million Data source: Marathon Digital. That decline coincided with soaring energy prices, and its net loss widened by 19x in 2022.
Recently filed Forms 13F show that two high-profile hedge fund managers sold shares of Nvidia during the second quarter while reallocating capital to the iShares Bitcoin Trust (NASDAQ: IBIT) , an exchange-tradedfund (ETF) that tracks Bitcoin (CRYPTO: BTC). stock exchanges. David Shaw at D.E. Shaw sold 12.1
With that in mind, Chhugani and Kendrick believe two catalysts will turbocharge Bitcoin demand in the coming months: the recent approval of spot Bitcoin exchange-tradedfunds (ETFs) and the halving event next month. They offer direct exposure to Bitcoin without the hassle of cryptocurrency exchanges and blockchain wallets.
The analysts recently revised their year-end price target to $90,000, up from $80,000, due to the tremendous demand for spot Bitcoin exchanged-tradedfunds (ETFs) and the impact of the halving event anticipated next month. 875% May 2020 $8,821.18 $31,026.93 Bitcoin has always been more valuable 24 months later.
Data shows that the number of tokens available on exchanges increased until March 2020 (Bitcoin's last halving), peaking at nearly 3.2 Some of Wall Street's biggest names, including BlackRock , Fidelity, and Franklin Templeton , are awaiting approval to sponsor spot Bitcoin exchange-tradedfunds (ETFs).
Ripple claimed its protocol could facilitate secure, instant, and "nearly free global financial transactions of any size with no chargebacks," and it initially drew in smaller financial institutions like Travelex Bank, Tranglo, and Sentbe. It's mainly used to route real-time payments, remittance transfers, and currency exchange transactions.
In August, a long-running court case involving the Securities and ExchangeCommission (SEC) finally wrapped up, with Ripple agreeing to pay $125 million in penalties for improperly selling XRP tokens to institutional investors. From 2020 until now, Ripple has lost partners and customers.
However, I believe it's smart to invest $10,000 in the top cryptocurrency -- either through a direct purchase or through an exchange-tradedfund ( ETF ) -- for four simple reasons. Securities and ExchangeCommission (SEC) approved the market's first 11 spot price Bitcoin ETFs this January.
That same investment in an S&P 500 index fund would only be worth about $28,000 today. Bitcoin crushed the market because it grew from a niche token into a mainstream asset which was bundled into its own spot price exchange-tradedfunds ( ETFs ). That firmer foundation supported the U.S.
Securities and ExchangeCommission (SEC) officially recognizes as a commodity instead of a security. That classification supported the approvals of the first Bitcoin spot price exchange-tradedfunds ( ETFs ) this January. That's why Bitcoin is still the only cryptocurrency the U.S.
Most notable this year was the approval by the Securities and ExchangeCommission (SEC) of spot Bitcoin exchange-tradedfunds (ETFs). And in the 18 months after a halving happened in May 2020, Bitcoin's price soared nearly eightfold. But it's been remarkable to see Bitcoin's ascent since then.
There have been three previous halving cycles (in 2012, 2016, and 2020), and each one has led to new all-time highs for Bitcoin. This is the potential launch of new spot Ethereum exchange-tradedfunds (ETFs). My only concern is that the SEC could step in at any moment and put a real damper on the current crypto euphoria.
Instead, its entire supply of nearly 1 quadrillion tokens was actually pre-mined on the Ethereum blockchain before its launch in 2020, and more than 40% of those tokens have already been burned (taken out of circulation). First, a few anonymous whales still hold trillions of its coins and can easily move its price with their huge trades.
Bitcoin While Bitcoin is down by nearly 10% over the past 30 days, and enthusiasm around the newly approved spot Bitcoin exchange-tradedfunds (ETFs) appears to have cooled, there's still plenty to like about Bitcoin's prospects. The SEC has finally agreed to approve the new spot Bitcoin ETFs. Bitcoin or XRP?
Crypto is undoubtedly a speculative investment class, and many tokens trade with pronounced volatility, but in January, the Securities and ExchangeCommission (SEC) gave the nod to a new way to participate in crypto investing that might attract those who are wary of investing in the tokens themselves.
ETFs shake up the Bitcoin landscape MicroStrategy's January chart relied on the emerging access to exchange-tradedfunds (ETFs) based on Bitcoin's spot price. Founder and chairman Michael Saylor chose to anchor his company to the Bitcoin chart in the coronavirus-riddled fall of 2020, and he really went all-in on this investment.
The investing world eagerly awaited the approval of a Bitcoin exchange-tradedfund (ETF). The company is an exchange for buying and selling cryptocurrencies, and it generated $289 million in transaction revenue in the third quarter of 2023 alone. Of this, 37% was due to users trading Bitcoin. Table by author.
1, 2020, many investors dismissed it as a joking parody of Dogecoin , which was named after the Shiba Inu dog from the viral "doge" meme. That marks a rough start to the year for this tiny meme coin, which remains 90% below its all-time high from Oct. So let's see if it looks like it might bounce back over the next few months.
I think exchange-tradedfunds (ETFs) are a smart place to look. Investco S&P SmallCap High Dividend Low Volatility ETF The Invesco S&P SmallCap High Dividend Low Volatility ETF (NYSEMKT: XSHD) managed by Invesco pays a sky-high 30-day SEC yield of 7.72%. It offers a 30-day SEC yield of 4.68%.
Bitcoin-based ETFs The Securities and ExchangeCommission (SEC) recently approved 11 exchange-tradedfunds (ETFs) that track the current spot price of Bitcoin. But you can buy and sell these funds just like you would any other ETF or stock. Now, the risk isn't always lower.
Securities and ExchangeCommission (SEC) has approved a handful of applications to launch exchange-tradedfunds (ETFs) reflecting the spot price of Bitcoin (CRYPTO: BTC) tokens. At long last, the U.S. just two days before the final approval. And then it struck me.
Ripple CEO Brad Garlinghouse recently gave XRP holders some long-awaited good news: The Securities and ExchangeCommission (SEC) has dropped its lawsuit against the company. The judge said the direct sales to institutional investors violated securities law, but the indirect sales to retail investors did not.
Securities and ExchangeCommission (SEC) to offer spot Bitcoin exchange-tradedfunds (ETFs). Wood said at the Bitcoin Investor Day conference in March that the SEC's approval served as an "institutional green light." Bitcoin skyrocketed after the previous halvings in 2012, 2016, and 2020.
XRP could soar following the approval of spot exchange-tradedfunds (ETFs) In January 2024, the Securities and ExchangeCommission (SEC) approved the creation of spot Bitcoin ETFs. If the SEC approves the applications, XRP could be a huge winner this year. Image source: Getty Images.
Investing in exchange-tradedfunds (ETFs) offers an easy way to follow this process. Its 30-day Securities and ExchangeCommission (SEC) yield (which measures the annualized yield to maturity over the last 30 days as a percentage of total assets) is a sky-high 6.42%.
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