Kategorie: Crypto News

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Bloomberg analysts: Litecoin ETF has a 90% chance of approval in 2025

  • Bloomberg analysts looked at ETFs focused on Litecoin, Solana, XRP, and Dogecoin
  • They believe a Dogecoin ETF has a 75% chance of being approved in 2025 followed by Solana at 70%, and XRP with 65%
  • Nasdaq filed two ETF 19b-4 forms for CoinShares with the SEC, seeking the approval of a Litecoin and XRP ETF

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

Taking to X, Seyffart said: “@EricBalchunas and I took a look at the filings for spot crypto ETFs. We’re putting out relatively high odds of approval across the board. Mainly focused on Litecoin, Solana, XRP, and Dogecoin for now.”

In a table, Seyffart notes that a 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.

Nasdaq files ETF forms

The news comes as Nasdaq filed two 19b-4 forms with the US Securities and Exchange Commission (SEC) on behalf of CoinShares for Litecoin and XRP exchange-traded funds (ETFs).

Nasdaq is seeking approval to list and trade a CoinShares Litecoin ETF and XRP ETF following CoinShares S-1 filings submission in January. Crypto ETFs have gained in popularity since the US spot Bitcoin ETFs launched last January.

CoinShares is hoping to take advantage of this by expanding its presence into the US market.

The news follows that of the Chicago Board Options Exchange (Cboe), which submitted four 19b-4 forms to the SEC last week. On behalf of  21Shares, Bitwise, Canary Capital, and WisdomTree, Cboe filed the forms for XRP ETFs.

In October, Bitwise filed an S-1 form for an XRP ETF with the SEC. Similarly, Canary Capital filed for an XRP ETF last year, reflecting its broader strategy to bring multiple crypto ETFs to the market.

A push for more crypto ETFs

With the launch of US spot Bitcoin and Ethereum ETFs, more are looking to capitalize on the introduction of other crypto ETFs into the market.

Back in October, Brad Garlinghouse, Ripple’s CEO, indicated that an XRP ETF was “inevitable.” At the time, he highlighted there was increased demand from both institutional and retail investors to gain exposure to digital assets.

To date, the total net inflow of Bitcoin ETFs is more than $40 billion since their approval, according to SoSoValue data.

Last July, Cboe filed two Solana ETFs with the SEC. The deadline for the SEC to provide a decision is expected next month.

Nasdaq also filed a 19b-4 form for a Litecoin ETF for Canary Capital in January. All of this is a broader push from several organizations keen to see different crypto ETFs in light of a favorable SEC following President Donald Trump’s inauguration last month.

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Crypto recorded $1.3B in investment product inflows this past week

  • Crypto investment products registered $1.3 billion in inflows last week
  • Ethereum outpaced Bitcoin with $793 million compared to $407 million

Digital asset investment products notched $1.3 billion in inflows in the past week.

It’s the fifth consecutive week of positive net flows for crypto exchange-traded products despite recent price declines. According to latest weekly flows report from digital asset manager CoinShares, the scenario outlines strong interest in buying amid market weakness.

Ethereum outpaces Bitcoin in weekly net inflows

Per a Coinshares report on February 10, the net inflows is almost double from the $747.4 million recorded the week before. The increase comes despite US President Donald Trump’s tariff impositions that saw prices dip amid investor reaction.

Bitcoin and Ethereum dominated the inflows. However, the latter outpaced the former this week, registering $793 million inflows compared to Bitcoin’s $407 million.

Overall, Bitcoin ETPs represent 7.1% of total market capitalization, making digital asset investment products the largest holder compared to other investments.

“Digital asset investment products saw inflows for the 5th consecutive week totalling US$1.3bn. Bitcoin’s BTC saw inflows of US$407m, with ETPs globally now representing 7.1% of the current market capitalisation. It was Ethereum who stole the show this week, with the price falling recently close to US$2,100 leading to significant buying-on-weakness, with inflows of US$793m,” CoinShares posted on X.

Investors see decline as a buying opportunity particularly after the rise in investment interest followed Ethereum’s price dip.

In the meantime, XRP and Solana secured third and fourth positions respectively with $21 million and $11million. Meanwhile, $1 billion in overall net inflows by the US was the highest regionally, followed by Germany, Switzerland, and Canada with $61 million, $54 million, and $37 million, respectively.

Bitcoin’s price has struggled with downside pressure below $100k in recent weeks. ETH has also experienced a tough month or so, with prices helmed below $3,000 and hitting lows of $2,100 at one time.

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UK man looks to buy landfill site amid search for $784m lost Bitcoin

  • James Howells claims to have lost a hard drive with 8,000 BTC at a landfill site in 2013.
  • The man now wants to buy the landfill site as the search for the lost BTC worth over $784 million continues.

James Howells, the man who has been in search of his lost bitcoin worth over $784 million since 2013 is seeking to buy a landfill.

Howell claims to have mistakenly discarded a hard drive that contained 8,000 BTC and is seeking to buy the landfill site where he lost it in an attempt to recover his fortune.

The man filed a lawsuit in a bid to have the Newport Council dig up the landfill to try and find the lost bitcoin.  In over 10 years Newport Council has made no attempts to try to recover the discarded bitcoin.

The quest for lost BTC

James Howells reported that his fiance discarded the hard drive containing cryptocurrency estimated to have a market value of $784 million in the landfill site in 2013. In an attempt to get his crypto assets back, Howells wants to buy the landfill site.

BBC recently reported that Howells has approached various investors with a bid to potentially buy the whole landfill site.

Since 2013, Howells claims that Newport city council have disregarded his plea to be allowed to search for his fortune. The city council has announced plans to have the landfill site converted to a solar farm. They have since acquired planning permission to establish a solar power firm on the site.

Howells had filed a lawsuit against the council seeking legal grounds to hunt for the accidentally discarded bitcoin. In January, a high court judge made a ruling dismissing the case that required Newport council to forcefully allow Howells to search for his bitcoin.

During the hearing, Howells noted that Newport council claimed that granting him a search warrant would have detrimental effects on the people around Newport. Plans to close the landfill were also underway, and that would be soon.

After failed attempts to have the council retrieve the hard drive worth millions for him, Howells offered to buy the whole landfill.

“I have discussed this option recently with investment partners and it is very much on the table,” he said, according to the BBC.

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Strategy spends $742m on BTC as Bitcoin Pepe presale commences tomorrow

Key takeaways

  • Strategy (formerly MicroStrategy) has resumed its Bitcoin acquisitions with $742 million,
  • The Bitcoin Pepe presale kicks off in 18 hours, with the project focusing on uniting all memes on a single blockchain.

Strategy purchases 7,633 BTC for $742m

Michael Saylor’s Strategy (formerly MicroStrategy) has resumed its weekly Bitcoin acquisition after spending over $400 million. On Monday, the company announced that it purchased another 7,633 BTC for approximately $742.4 million at an average price of $97,255 per bitcoin.

This latest acquisition follows the sale of 516,413 shares of Strategy’s class A common stock ($179 million) and 7,300,000 shares of its 8.00% Series A Perpetual Strike Preferred Stock ($563.4 million). Strategy now holds 478,740 BTC, worth over $46 billion.

What is Bitcoin Pepe?

Bitcoin is the world’s leading cryptocurrency by market cap, while Pepe is one of the most popular memecoins in the crypto ecosystem. However, Bitcoin Pepe is a unique project that is set to offer users utility within the Bitcoin ecosystem.

Bitcoin Pepe is a layer-2 network building on the Bitcoin blockchain. It is a meme-specialized layer-2 solution built on top of Bitcoin, bringing Solana-style scalability to the Bitcoin network.

Bitcoin Pepe aims to become ground zero for all meme coin trading and move all this economic activity to the BTC ecosystem. 

In their whitepaper, the team said Bitcoin Pepe unlocks DeFi and meme trading on top of BTC. They described it as the perfect fusion between BTC’s security and the unstoppable memetic force of meme coins.

The project also prides itself on being the first-ever meme ICO on the Bitcoin blockchain. With this, BTC Maxis will be able to trade memes, and combining high levels of trust (BTC) with high levels of performance (SOL) will lead to high levels of retail mass adoption.

What does Bitcoin Pepe offer to the Bitcoin ecosystem?

Bitcoin is currently the oldest blockchain and home to exciting projects like Ordinals. However, Bitcoin Pepe plans to open up the blockchain further by allowing the launch of memecoins and other narratives on the network. 

The project intends to usher in memes on BTC, turning crypto’s oldest chain into a home base for the crazy high-octane meme experience. The team believes the BTC bridge will unlock $2 trillion in dormant BTC capital and make it available for meme coin trading.

As a layer-2 network, Bitcoin Pepe will provide the infrastructure for all memes to migrate to BTC, ensuring security and liquidity to investors and users. 

Bitcoin Pepe presale to commence on Feb. 11

Bitcoin Pepe is launching a presale to allow investors to purchase its native tokens before listing on exchanges. $BPEP will power the Bitcoin Pepe layer-2 network and several other activities within the ecosystem.

The presale launches in 17 hours, and users can purchase the tokens using a wide range of accepted payment options, including cryptocurrencies, debit, and credit cards. Solana’s SOL currently trades at $202 per coin. However, it was sold for $0.22 during its presale in 2020, an indication of how early investors benefit from partaking in presales.

As a Layer-2 network on the Bitcoin network, Bitcoin Pepe offers users security and liquidity. Furthermore, it is leveraging the recent growth of memecoins to launch as one while working to introduce more memecoins to the Bitcoin ecosystem. 

With the right level of adoption, $BPEP could become one of the best performers in the crypto market in the medium to long term.

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Strategy buys $742m more Bitcoin, brings holdings to 478,740 BTC

  • Strategy, formerly MicroStrategy, has announced the purchase of another 7,633 Bitcoin (BTC).
  • The company spent $742.4 million to bring its total investment to $31.1 billion and 478,740 BTC.

Strategy, formerly MicroStrategy, has added more than $742 million worth of Bitcoin (BTC) to its holdings.

The publicly-traded company’s founder and executive chairman Michael Saylor announced on Monday, Feb. 10 that Strategy had acquired 7,633 bitcoin. Strategy spent approximately $742.4 million to buy the new BTC haul, with each coin scooped at the average purchase price of $97,255 per bitcoin.

Strategy resumes BTC purchases

After a slight pause in its buying spree and undertaking a brand overhaul, the company is back to its super bullish ways. The 7,633 BTC brings Strategy’s total bitcoin holdings as of February 9, 2025 to 478,740 BTC.

The world’s largest corporate holder of Bitcoin has spent about $31.1 billion to stack the flagship digital asset, acquiring these at the average price of $65,033 per BTC.

Strategy has raised funds from share offerings, with the target being billions of dollars. Despite its fourth-quarter results showing a net loss of $3.03 per share, the company has doubled down on its investment and strategy.

Bitcoin rose to an all-time high above $109k on January 20, 2025, this coming as the crypto market celebrated Donald Trump’s inauguration.

While the price has struggled since and hovered below $98k on Feb. 10, analysts are bullish. Saylor’s prediction isthat BTC could hit the $13 million mark by 2045. Other forecasts have short term projections of $200k in 2025.

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