Is The Approval Of Crypto ETFs At Risk? SEC Operations Frozen By Gov. Shutdown
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 […]
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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....
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....
The race for crypto ETFs, especially the Solana Spot Exchange-Traded Funds (ETFs), remains a significant and crucial discussion among crypto enthusiasts in the sector. While many analysts believe that approval of the funds could spark a new wave of bullish action in the market, the products continue to face several regulatory roadblocks. Crypto And Solana […]
ZeusHash, the cloud mining service operated by mining hardware company ZeusMiner, has announced that it may be forced to shut down its bitcoin cloud mining operations. The news comes weeks after ZeusHash announced that it would suspend its scrypt cloud mining offering due to unprofitability. In a message dated 15th January, the service said that bitcoin cloud mining contracts would be frozen after 10 days of unprofitability, in accordance with its terms of service. The company also advised customers against purchasing additional mining contracts, stating that "it's not the best time for....
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....