XRP Faces Crucial Test With ETF Approval Chances Now At 87%
According to market reports, two ETF decisions are coming up in October. Grayscale faces an Oct. 18 deadline, while Canary is set for Oct. 24. Related Reading: Mastercard Stresses Crypto Is An Enhancement, Not A Substitute A Polymarket poll, which has roughly $150,000 in assets, shows approval odds rising to 87% from an August low of 64%. Some traders say those odds are helping prices because investors expect the US regulator to wrap up multiple ETF filings around the same time, as was the case with spot Bitcoin and Ethereum approvals earlier this year. Market Flows And Demand Data Reports....
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Bloomberg senior analysts Eric Balchunas and James Seyffart have raised their approval odds of the first Bitcoin spot exchange-traded fund (ETF) in the United States (US) to 75%. This development comes after the US District of Columbia Circuit ruled against the US Securities and Exchange Commission (SEC), stamping out the regulator’s denial of Grayscale’s conversion of its Grayscale Bitcoin Trust (GBTC) into a Bitcoin ETF. Court “Unanimity And Decisiveness” Unexpected, SEC Now In Tight Spot, Analysts Say According to his X post on August 30, Eric Balchunas explains that the new stance....
Ripple is holding the key $0.2380 support zone against the US Dollar. XRP price must climb above $0.2450 to increase the chances of an upside break above $0.2550. Ripple is likely forming a crucial breakout pattern with support near $0.2380 against the US dollar. The price is now trading near the $0.2420 pivot level and […]
Bitcoin has bounced back above $112,000 after slipping to $107,000 last week, its lowest mark since July. The rebound has stirred hope among traders, but analysts remain split on whether the current upswing can hold through September. Related Reading: XRP Faces Crucial Test With ETF Approval Chances Now At 87% September’s Track Record Under Scrutiny Historical data shows September hasn’t been kind to Bitcoin during post-halving years. In 2017, the coin ended the month with a close to 8% loss, while in 2021 the decline was 7%. Even further back, in 2013, Bitcoin dropped 1.60% in the same....
The recent Supreme Court ruling requires the British government to get parliamentary approval before initiating the Brexit process, fintech industry faces uncertainty. Brexit is a crucial event for the fintech and blockchain sector. The post-Brexit world will decide the fate of the European Fintech ecosystem. But the separation of England from the European Union may not be happening anytime soon. According to reports, the English Supreme Court has ruled that the Prime Minister of Great Britain, Theresa May has to seek the approval of the parliament before setting the wheels of Brexit in....
Bitcoin has faced some intense selling pressure over the past few days, with the response to its recent break below $19,000 being quite bearish This validates the notion that this is a crucial level that the crypto much firmly surmount and flip into support if it is to see any further upside One trader is now noting that, while BTC did rebound off of its key support in the upper-$17,000 region, it still faces multiple […]