Monat: Februar 2025

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The SEC mulls over XRP ETF applications as interest rises

  • The SEC has received six XRP ETF applications over the last several weeks as interest in traditional crypto investment vehicles continues rising
  • Coinshares sent a proposal for XRP and Litecoin ETFs while Grayscale sent one for XRP amid several proposals for Solana ETFs

The SEC has received no less than six applications for XRP exchange-traded funds (ETFs) from major issuers like Canary Capital, Grayscale, Bitwise, WisdomTree, 21Shares, and Coinshares.

The latest application, Grayscale, began the 21-day comment period on Friday where members of the public can submit feedback on the proposed ETF.

While this happens, five Solana ETF applications from 21Shares, Bitwise, Grayscale, VanEck, and Canary await a decision.

The rise of interest in ETFs

The recent swarm of ETF applications is emblematic of a shift in the regulatory landscape to a more friendly environment. This shift began at the twilight of former Securities and Exchange Commission (SEC) chair Gary Gensler’s tenure with the approval of the Bitcoin and Ethereum ETFs in 2024.

Now that Mark Uyeda, a pro-crypto official, is in office, combined with the most pro-crypto Congress the US has ever seen, the regulatory landscape is expected to be friendlier. Furthermore, Ripple Labs’ win against Gensler’s SEC has also placed it in a favourable growth position.

President Donald Trump signed an executive order to create a sovereign wealth fund that will include cryptocurrencies. While Bitcoin is expected to be on the list, recent developments may place XRP in the fund as well.

In January, Trump met with Brad Garlinghouse, CEO of Ripple, who is pushing for the sovereign wealth fund to contain more than one cryptocurrency, ideally XRP as well.

An XRP ETF approval could cement the crypto as a candidate for the reserve.

Ripple is the third largest crypto by market cap and trades at $2.48 as of publishing.

Litecoin ETF approval

Despite this, Bloomberg ETF analysts James Seyffart and Eric Balchunas believe that a Litecoin ETF has a 90% chance of being approved in 2025.

In a post on X, the pair mainly focused on Dogecoin, Litecoin, Solana, and XRP. In their view, Dogecoin ETF has a 75% chance of approval, a Solana ETF has a 70% chance, and an XRP ETF has a 65% approval rating.

Seyffart added that it’s unlikely the market will see an XRP ETF until the whole Ripple/XRP/SEC case is settled, finished, or has some sort of outcome.

“The SEC needs to untangle that mess,” he said.

The post The SEC mulls over XRP ETF applications as interest rises appeared first on CoinJournal.

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Bitcoin Pepe set to reap big from its virality, fundamentals, and timing

The crypto market is subject to a neutral market sentiment even as the bulls remain in control. Subsequently, majors like Ripple and Ethereum are range-bound while their steady fundamentals support the prices.

On the other hand, more savvy investors are shifting their focus to meme crypto projects with the potential to revolutionize the industry. One such entity is Bitcoin Pepe.

In fact, it is presented as the missing puzzle piece in the Bitcoin network. Through its mission of building “Solana on Bitcoin”, it is creating a platform defined by low fees, speedy transactions, and the ability to launch memecoins on the most steady crypto network.

Notably, investors have an opportunity to rake in hefty returns within a relatively short period.

Ripple lacks enough momentum for a weekly gain despite steady fundamentals

Ripple’s price has held steady above the crucial support zone of $2.5000 even as it lacked enough buyers to lock in the second weekly gain in a row. On the one hand, a neutral market sentiment in the broader crypto sector has pushed buyers to the sidelines.

Even so, the bulls remain in control as XRP ETFs and heightened global adoption is set to bolster the crypto to January levels.

In the near term, the bulls are striving to break the resistance at $2.7385. Past that level, the next target will be at $2.9100. On the lower side, a pullback past $2.5000 will still have the bulls in control as $2.3357 remains a steady support level.

Ripple Price
XRP/USD chart from TradingView

Bitcoin Pepe: The missing puzzle on Bitcoin’s network

Bitcoin, the leading cryptocurrency, began with no intrinsic value about 15 years ago and has since grown to a market cap of $1.9 trillion at $96,278. Bitcoin Pepe has emerged as a project whose mission is to revolutionize the BTC network by transforming it into a memecoin hub.

This explains why an overwhelming number of savvy investors are rushing to amass BPEP tokens ahead of its listing in Q2 2025. Besides, US President Donald Trump has made clear his intentions to foster a pro-crypto environment.

Subsequently, Bitcoin Pepe has become so popular that within the first 24 hours of its presale launch, it raised over $1 million. 11 days later, it has already reached stage 5 of the total 30 stages; raising over $2.8 million.

With 25 more stages before it hits the public shelves, early adopters have an apt opportunity to buy BPEP tokens at the current price of $0.0255 and watch their investment yield hefty returns. By the end of the presale, the token price is set to have increased by a total of 311.4% to $0.0864. Read more on how to buy Bitcoin Pepe.

Ethereum price analysis: Neutral outlook with a bullish bias

Ethereum Price
Ethereum/USD chart by TradingView

Ethereum’s price recorded its second week of gains after plunging to a five-month low earlier in February. Even so, it continues to trade below the 25 and 50-day exponential moving average (EMAs). In the absence of a key immediate-term bullish catalyst, the crypto may remain under pressure for a while longer.

At its current level, the range between $2,543 and $2,804 is still worth watching. If successful at breaking the resistance along the range’s upper limit, the bulls will have a chance to retest the crucial support-turn-resistance zone of 2,950. However, a decline past $2,500 will invalidate this thesis.

The post Bitcoin Pepe set to reap big from its virality, fundamentals, and timing appeared first on CoinJournal.