TLDR Five new altcoin ETFs, including Grayscale Dogecoin and Franklin XRP, are set to launch in early December. XRP, Solana, and Ethereum ETFs are seeing strong capital inflows, with XRP ETFs reaching $420 million in inflows in just six days. Experts predict more than 100 additional altcoin ETFs will launch within the next six months. Solana ETFs are bucking the trend of Bitcoin outflows, recording a $57. 99 million net inflow over the past 24 hours. Ethereum’s upcoming Fusaka upgrade is expected to increase token value capture, boosting demand for Ethereum-based ETFs. Five altcoin exchange-traded funds (ETFs) are set to launch in early December, boosting investor interest in altcoins like Solana (SOL), Ethereum (ETH), and XRP. The upcoming listings follow the recent debuts of the Fidelity Solana Fund and the Canary Marinade Solana ETF. These new altcoin ETFs include the Grayscale Dogecoin ETF, Grayscale XRP Trust, Franklin XRP ETF, Bitwise DOGE ETF, and the Grayscale Chainlink Trust. Bloomberg senior ETF analyst Eric Balchunas forecasts that the debut of these ETFs marks only the beginning. He expects more than 100 altcoin ETFs to launch in the next six months. According to James Seyffart, an expert ETF analyst, over 150 more altcoin ETFs are in the pipeline. Altcoin ETFs Seeing Increased Demand in the Market Recent data highlights a surge in capital flowing into altcoins through ETFs. Over the past 24 hours, Solana ETFs recorded net inflows of $57. 99 million. Ethereum and XRP also saw substantial gains, with inflows of $96. 6 million and $164. 04 million, respectively. This comes in stark contrast to Bitcoin’s decline, which recorded a $151. 08 million outflow. The market’s growing appetite for altcoin ETFs signals a shift in investor preference. VanEck’s Matthew Sigel attributes Bitcoin’s selloff to tightening liquidity and broader market factors. In contrast, Bitwise CIO Matt Hougan believes that Bitcoin’s retreat offers opportunities for altcoins to gain value. “Tokens are getting much better at capturing value,” Hougan stated, pointing to Ethereum, UNI, and XRP as examples of tokens benefiting from this trend. XRP ETFs Record Impressive Debut Numbers XRP’s growth in ETF markets is noteworthy, with the U. S. XRP ETFs posting six consecutive days of inflows exceeding $420 million. The first day of trading saw inflows of over $250 million, marking the best ETF debut performance of the year. Ray Youssef, CEO of NoOnes, stated that ETFs are providing a stable liquidity buffer, absorbing the selling pressure that has affected other crypto assets, such as Bitcoin. The strong performance of XRP ETFs is consistent with the growing interest in altcoins. Youssef further noted that the ETF inflow trend reflects a shift toward more diversified altcoin exposure. With ETFs integrating brokerage access, retail and institutional investors now have easier access to high-beta altcoins. Solana, Ethereum, and Other Altcoins Gaining Traction with ETFs As altcoin ETFs continue to debut, Solana (SOL) stands out as a leading example of ETF-driven growth. ETFs tied to Solana are bucking the outflow trend seen in Bitcoin ETFs, a sign of the altcoin’s rising appeal. The upcoming December launch of the Fusaka upgrade for Ethereum is also expected to boost token value capture, benefiting Ethereum’s altcoin ETFs. Investors are becoming increasingly focused on the potential for altcoins like XRP to benefit from changes in token economics. Youssef added that the focus on value capture through staking mechanisms could redefine the economics for altcoin holders in the future. As altcoin ETFs continue to roll out, experts predict an uptick in market activity for these tokens. The entry of new ETFs could fuel a broader altcoin rally, especially if Bitcoin stabilizes in the coming months. Many anticipate that altcoins such as Ethereum and Solana could see substantial price increases by the end of the year. “Altcoin ETF season could trigger an end-of-year rally,” Youssef concluded. “If ETF demand remains strong and macro volatility eases, Ethereum could surpass $3,200, XRP could hit $3, and Solana may reclaim $150.” As more altcoin ETFs hit the market, their influence on token prices and broader market dynamics is expected to intensify. The post XRP, Solana, and Ethereum Lead as Altcoin ETFs Gain Strong Inflows appeared first on Blockonomi.
https://bitcoinethereumnews.com/ethereum/xrp-solana-and-ethereum-lead-as-altcoin-etfs-gain-strong-inflows/
Tag Archives: exchange-traded
Weekend rally boosts Bitcoin, altcoins face heavy losses
Bitcoin rallied over the weekend after sharp weekly losses, driven by thin market liquidity, CME futures gaps, and major geopolitical developments. Bitcoin experienced a weekend rally following a week of significant losses across cryptocurrency markets, according to market data. The digital asset had approached critical support levels earlier in the week, while numerous altcoins including Hyperliquid (HYPE) and Zcash (ZEC) recorded double-digit percentage losses over the seven-day period. The weekend price increase follows a pattern observed over recent weeks, in which Bitcoin (BTC) has gained ground on Saturdays and Sundays before resuming declines during weekdays, according to chart analysis. Market observers have attributed this phenomenon to reduced liquidity during weekend trading periods. Cryptocurrency markets brace for Bitcoin and alt-coin rally Cryptocurrency markets experience dramatically lower trading volumes at weekends, when Bitcoin exchange-traded funds on Wall Street are closed and institutional investors are not actively trading. Research published by Advances in Consumer Research in August found that trading volumes tend to be 20% to 25% lower at weekends, “creating a thinner market environment where momentum-driven trades can exert greater price impact.” The study determined that weekend momentum strategies “consistently outperform their weekday counterparts across all cryptocurrencies, with mean daily returns on weekends often doubling those on weekdays.” The effect appears more pronounced among digital assets with smaller market capitalizations, according to the research. Bitcoin futures traded on the Chicago Mercantile Exchange close at the end of the working week. The price movements that occur during weekend trading create what market participants refer to as the “CME gap,” with prices frequently reverting to pre-weekend levels once futures markets reopen, according to market analysts. Beyond trading volume factors, specific developments may have contributed to the weekend price movement. Ongoing negotiations to end the conflict in Ukraine have progressed, with talks taking place in Switzerland between delegates from the United States and Ukraine over the weekend. Former President Donald Trump has proposed a 28-point peace plan as part of diplomatic efforts. Futures across the Dow Jones, S&P 500 and Nasdaq 100 all rose on Monday morning as investors assessed the diplomatic developments, according to market data. The Federal Reserve’s decision to leave open the possibility of an additional rate cut next month may have also influenced market sentiment. Bitcoin faces near-term challenges in attempting to breach key resistance levels. The Thanksgiving holiday week in the United States will see Wall Street closed on Thursday and operating for only a half-day on Friday, resulting in reduced trading volumes similar to weekend conditions. Bitcoin recorded its first weekly close in positive territory in four weeks, according to market data. However, the cryptocurrency remains down 23% for the current quarter, placing it on track for its worst year-end performance since 2018.
https://crypto.news/weekend-rally-boosts-bitcoin-altcoins-face-heavy-losses/
Ethereum price outlook: bears pierce $3,000 as sell-off pressure mounts
Ethereum price was down more than 7% as bears broke below $3,000 to touch $2,940. As sell-off pressure mounts, bears could eye lows of $2,300. BitMine continues to buy ETH, with analysts indicating dips are for buying. Ethereum price is down 7% in the past 24 hours and looks poised for fresh losses as bulls retreat sharply amid renewed selling pressure. This comes as ETH prices dip below the psychological $3,000 level for the first time in months. Notably, the breakdown arrives amid broader market weakness, with Bitcoin extending its rot to hit lows of $89,500. Macro jitters, persistent exchange-traded funds outflows, and signs of capitulation are fueling concerns that the path of least resistance remains lower for BTC, ETH, and the broader crypto market. Ethereum price dips below $3,000 On Tuesday, the ETH price breached the $3,000 mark, trading as low as $2,940. The downturn sees bears extend the downtrend that has seen Ethereum shed more than 7% in the past 24 hours, and 16% from its weekly highs above $3,200. Despite notable accumulation by BitMine, downside momentum has overwhelmed buying interest and ETH risks fresh losses. At the time of writing, the Ethereum price hovered near $2,979, with the top altcoin down sharply as Bitcoin plunged under $90,000. Per CoinMarketCap data, BTC fell to lows of $89,500 across major exchanges, with both coins’ dips coming amid notable buying by Strategy. BitMine disclosed it had acquired an additional 54, 156 ETH over the past seven days, a move that pushed the publicly-traded company’s total holdings to 3. 56 million ETH. Ethereum price forecast While the aggressive buying has failed to stem price declines, bulls remain upbeat long-term. “Crypto prices have not recovered since the liquidation event on Oct 10th. And the lingering weakness has the hallmarks of a market maker (or two) suffering from a crippled balance sheet,” said Thomas “Tom” Lee of Fundstrat, Chairman of BitMine. Lee added: “When a market maker has a ‘hole’ on their balance sheet, they are seeking to raise capital and are reducing their liquidity functions in the market. This is the equivalent of QT (quantitative tightening) for crypto and has the effect of dampening prices. In 2022, this QT effect lasted for 6-8 weeks. And this is probably happening today.” Sell-off pressure is up amid continued outflows from US spot Ethereum ETFs. Technical indicators also paint a decidedly bearish picture, with the daily RSI slipping and the MACD histogram in negative territory. Meanwhile, more than $175 million in ETH liquidations have occurred in the past 24 hours. Coinglass data shows that over $136 million of these are long positions. The breach of $3,000 could thus clear the way for a retest of new multi-month lows. ETH could bounce off the $2,800 region, but weakness would allow bears to target the $2,300-$2,228 region. On the upside, Ethereum bulls face an uphill battle in the near term with major resistance around $3,300.
https://bitcoinethereumnews.com/ethereum/ethereum-price-outlook-bears-pierce-3000-as-sell-off-pressure-mounts/
Luxembourg Bold Bitcoin Bet: “No Second Best” as Eurozone’s First Sovereign Crypto Investment
**Luxembourg’s Intergenerational Sovereign Wealth Fund Allocates 1% Exclusively to Bitcoin**
The country’s Intergenerational Sovereign Wealth Fund (FSIL) has allocated 1% of its portfolio exclusively to Bitcoin. This amounts to approximately €7.45 million from the fund’s total assets of €745 million.
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### Historic Declaration: “There’s No Second Best”
At a recent conference in Amsterdam, Minister Roth made a bold statement that surprised many attendees. Quoting MicroStrategy founder Michael Saylor, he said:
> “While the fund’s investment policy allows for an allocation to any crypto asset, it has chosen to invest only in Bitcoin. And because, as Michael Saylor once said, there is no second best and we’re in it for the long haul.”
Closing his speech, the minister emphasized Luxembourg’s commitment:
> “Let me be clear: Luxembourg HODLs.”
This received instant applause from the audience and marks the clearest Bitcoin stance ever taken by a European finance minister.
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### Smart Strategy Behind the Investment
Luxembourg’s decision was not made hastily. In July 2025, the government approved a new investment policy allowing FSIL to allocate up to 15% of its assets into alternative investments. These include private equity, real estate, and digital assets like Bitcoin.
The Bitcoin investment is made through regulated exchange-traded funds (ETFs), adhering to the European Union’s Markets in Crypto-Assets (MiCA) framework. This ensures full regulatory compliance.
Bob Kieffer, Director of the Treasury, explained that this move acknowledges “the growing maturity of this new asset class” and highlights Luxembourg’s leadership in digital finance, as noted during the budget presentation.
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### Why Luxembourg Chose Bitcoin Only
What sets Luxembourg’s approach apart is its Bitcoin-only strategy. Although the investment policy allows purchasing any cryptocurrency, the fund deliberately chose to invest exclusively in Bitcoin. This maximalist approach is rarely seen among government institutions.
Minister Roth explained the rationale during his presentation, positioning Bitcoin as integral to Europe’s competitive strategy and highlighting that digital assets are now central to global policy discussions.
> “This was never about hype. It was about a bridge between code and capital,” he said.
He further emphasized Bitcoin’s role in the future of finance:
> “In my mind, our economies will not switch to the Bitcoin standard. But at the same time, Bitcoin will without any doubt be part of the future of finance.”
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### Luxembourg’s Crypto Leadership Position
Luxembourg is no newcomer to the cryptocurrency space. The country has cultivated its digital asset credentials for over a decade, regulating Bitstamp—the first European crypto exchange—nearly ten years ago.
Today, Luxembourg manages over €7.6 trillion in cross-border investment assets and hosts more than 115 banks from over 20 countries, making it Europe’s second-largest alternative funds hub after the United States.
Several major crypto companies have chosen Luxembourg as their European base. Notably, Coinbase established its EU headquarters in Luxembourg in summer 2025, operating under MiCA regulations. The country is also home to numerous crypto exchanges, custodians, and service providers.
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### Broader European Bitcoin Adoption
Luxembourg’s move coincides with similar developments across Europe. The Czech National Bank recently unveiled its own Bitcoin experiment, creating a $1 million test portfolio that includes Bitcoin, a USD stablecoin, and a tokenized deposit.
Czech National Bank Governor Aleš Michl explained the initiative aims to:
> “Test decentralised bitcoin from the central bank’s perspective and evaluate its potential role in diversifying our reserves.”
These parallel announcements suggest a growing trend among smaller European Union states. Analysts believe such moves may encourage other countries to explore Bitcoin as part of their financial strategies.
Unlike larger European economies, smaller nations like Luxembourg and the Czech Republic enjoy greater flexibility to experiment with new technologies, moving quickly without the complex political processes that might slow down bigger countries.
The European Central Bank (ECB) has traditionally been skeptical of Bitcoin. ECB President Christine Lagarde previously dismissed the Czech proposal when it was first suggested in January 2025. However, individual EU member states retain some autonomy over their own financial decisions.
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### Fund Growth and Future Plans
FSIL was established in 2014 to create financial reserves for future generations. The fund receives at least €50 million annually, with contributions indexed to inflation. Officials expect the fund to grow to €850 million by the end of 2026.
Currently, FSIL maintains a conservative portfolio structure:
– 57% invested in high-quality bonds
– 40% in equity index funds
– 3% held in cash
The 1% Bitcoin allocation represents a modest but significant diversification step.
Minister Roth emphasized that this is a long-term strategy rather than a speculative bet. The fund plans to hold its Bitcoin position for years, aligning with its mission to build wealth for future generations.
While acknowledging Bitcoin’s volatility, officials believe the small allocation strikes the right balance between innovation and risk management.
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### The Orange Revolution Begins
Luxembourg’s historic Bitcoin investment marks a turning point for European finance. By choosing Bitcoin exclusively and declaring “there’s no second best,” the country has positioned itself as a leader in the digital asset revolution.
As other European nations observe this experiment, Luxembourg’s bold move may inspire similar decisions across the continent.
The message is clear: Bitcoin has officially entered the halls of European government finance, and there’s no turning back.
https://bitcoinethereumnews.com/bitcoin/luxembourg-bold-bitcoin-bet-no-second-best-as-eurozones-first-sovereign-crypto-investment/
BNY Launches Stablecoin Reserve Fund
The BNY Dreyfus Stablecoin Reserves Fund is designed to enable U.S. stablecoin issuers and other qualified institutional investors—acting for themselves or in fiduciary, advisory, agency, brokerage, custodial, or similar capacities—to securely hold stablecoin reserves. The fund’s sole purpose is to hold reserves for stablecoins issued under the Guiding and Establishing National Innovation for U.S. Stablecoins (“GENIUS”) Act. Importantly, the fund itself does not invest directly in stablecoins.
The stablecoin market is expected to experience significant growth over the next three to five years, driven by the GENIUS Act, which introduces a comprehensive regulatory framework for U.S. stablecoin issuers, as well as by increasing client adoption. Market analysis suggests that the stablecoin market could reach $1.5 trillion by 2030.
“Cash is the cornerstone of the digital asset ecosystem, enabling global capital markets to move toward an always-on, 24/7 environment,” said Stephanie Pierce, Deputy Head of BNY Investments. “Stablecoins are at the forefront of this profound transformation, and we are proud to provide our liquidity leadership and expertise to stablecoin issuers with the launch of the BNY Dreyfus Stablecoin Reserves Fund.”
As part of the fund’s launch, BNY has secured an initial investment from Anchorage Digital—a global cryptocurrency platform that enables institutions to transact in digital assets. Anchorage Digital is recognized as the first federally chartered crypto bank in the U.S.
“Anchorage Digital is proud to provide the initial investment for this important initiative,” stated Nathan McCauley, Co-Founder and CEO of Anchorage Digital. “BNY’s leadership in liquidity and the GENIUS Act framework together mark a new chapter for stablecoin infrastructure in the U.S. As the first federally chartered crypto bank, we see efforts like this as essential to bridging the trust, transparency, and regulatory rigor that will define the next era of digital finance.”
BNY Investments Dreyfus is the affiliated liquidity solutions provider of BNY and serves as the flagship offering on BNY’s industry-leading Liquidity Direct platform. As a top 10 U.S. money market fund sponsor, BNY Investments Dreyfus supports stablecoin issuers by providing regulated money market funds as eligible reserves.
Enacted in July 2025, the GENIUS Act establishes a federal regulatory framework for U.S. stablecoins and specifies eligible assets that stablecoin issuers may hold in reserve. The BNY Dreyfus Stablecoin Reserves Fund, as a government money market fund, enables U.S. stablecoin issuers to securely maintain their reserves in compliance with this new legislation.
A recognized leader in digital assets, BNY provides fund services for over 80% of digital asset exchange-traded products (ETPs) in the U.S., Canada, and EMEA, and delivers fund administration and custody for more than 50% of tokenized fund assets globally.
*Source: BNY*
https://www.marketsmedia.com/bny-launches-stablecoin-reserve-fund/
21Shares Sparks 20-Day Countdown with New Filing for Spot XRP ETF
**XRP ETF: Key Takeaways from 21RP’s 8(a) SEC Filing**
The XRP community woke up to big news this week: 21RP’s spot XRP ETF filing could ignite major change for altcoins seeking access to U.S. investors. What might seem like routine paperwork may actually trigger a turning point in the race between issuers, regulators, and crypto markets.
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**What’s Happening? The 20-Day SEC Countdown**
21Shares has submitted an 8(a) amendment for its proposed XRP ETF. This action starts a crucial 20-day clock: the SEC now has twenty days to respond, delay, or let the ETF automatically become effective through inaction. If the SEC stays silent, the ETF could potentially launch as early as November 27, 2025.
This move shortens the waiting game and shows 21Shares is ready to test U.S. rules directly. After months of limbo focused on Bitcoin and Ethereum funds, this filing forces the regulator’s hand: “We’re ready, your move.”
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**Market Reactions: XRP Price Jumps**
Traders wasted no time responding. Within an hour of the filing appearing on the SEC database, XRP jumped nearly 5%, rising from around $2.20 to $2.32. Trading volumes surged on Binance, Coinbase, and Bybit as speculators moved in. Derivatives desks saw a burst of new long positions, signaling this filing was more than just routine—a “signal flare” that institutions are warming up to the token.
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**Shifting Investor Sentiment**
It’s not just about price. XRP has lingered in a grey zone for years—large enough to matter, but often controversial. The ETF could help XRP join the broader narrative of crypto-as-infrastructure: tokens that power payments and liquidity rather than mere speculation. If this story gains traction, traders who once dismissed XRP may return in force.
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**A Strategic Decision & the ETF Landscape**
Analysts believe the timing is tactical. The filing arrived on November 7, just days after revived optimism about altcoin ETFs. With Bitcoin and Ethereum products paving the way, asset managers are seeing if the precedent can extend to other tokens.
21Shares, a Swiss-based firm known for European crypto ETPs and for partnering with ARK Invest in the U.S., is pushing boundaries by filing under 8(a), risking rejection for the chance to set new standards. Major competitors like Franklin Templeton and Grayscale are rumored to be preparing their own XRP-related strategies. If 21Shares gets approval, it could shape how all future altcoin ETFs are structured—from custody to redemption.
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**Market Depth, Custodians, and Transparency**
The filing doesn’t specify a custodian yet, but insiders point to Coinbase Custody or Anchorage Digital, both already trusted with Bitcoin and Ethereum products. Liquidity is strong for XRP, which often ranks in the top five for daily trading volume and regularly exceeds $2 billion.
However, successful ETFs need more than liquidity. They require smooth mechanisms for share creation and redemption, and confidence in the fund’s transparency once trading begins.
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**What Comes Next? The SEC’s Move**
Whether the SEC will step in remains unknown. A single letter or request for revisions could halt the countdown, as happened with previous Bitcoin funds. But if the agency remains silent, the XRP ETF could “slip through” by procedural default—a move that might shake up industry assumptions about which tokens qualify for spot ETFs.
For some, this is a bold stress test of regulatory boundaries. For others, it’s a strategic play to further the ETF conversation, even if immediate approval doesn’t come. Either way, the next few weeks are critical. The outcome could define whether XRP finally transitions from a long-debated token to a regulated, exchange-traded asset accessible to institutional investors.
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**Read More:**
– [21 ETP, Unlocking Institutional Access to On-Chain Derivatives](#)
– [Bitcoin and Gold ETFs Shock Wall Street With Rare Top 10 Trading Surge](#)
*Stay tuned as the fate of XRP’s ETF application unfolds—this could be the push that opens new doors for altcoins in the U.S.*
https://bitcoinethereumnews.com/tech/21shares-sparks-20-day-countdown-with-new-filing-for-spot-xrp-etf-4/
Bitcoin retail buyer at ‘max desperation,’ but no crypto winter: Bitwise CIO
Bitcoin’s fall below $100,000, its lowest level since June, has sparked fears that the worst is yet to come—a so-called crypto winter, a prolonged bear market in cryptocurrencies that the market wrestles with every time digital currencies sell off hard in a short period.
However, Bitwise Chief Investment Officer Matt Hougan offers a more optimistic view. While retail investors are currently in “max desperation” mode, he sees this as a potential sign that crypto prices may bottom out sooner rather than later.
Speaking on CNBC’s “Crypto World” on Tuesday, Hougan said, “It’s almost a tale of two markets. Crypto retail is in max desperation. We’ve seen leverage blowouts. The market for crypto-native retail is just more depressed than I’ve ever seen it.”
Despite this, Hougan believes that more crypto trading will continue to shift towards an institutionally driven market, which, interestingly, remains bullish. “When I go out and speak to institutions or financial advisors, they’re still excited to allocate to an asset class that, if you pan back and look over the course of a year, is still delivering very strong returns.”
“My view of the market is we have to get through this retail flush out. We have to hit bottom from a sentiment perspective. I think we’re very close to that,” he added.
The boom in crypto exchange-traded fund (ETF) launches—such as the iShares Bitcoin Trust (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC), and Grayscale Bitcoin Trust (GBTC)—is changing the investor composition. Although week-to-week flows into these ETFs have slowed since the second quarter, Hougan notes, “We continue to see strong inflows into bitcoin.”
He expects increased support for crypto to materialize toward the end of the year among financial advisors, who will likely look past the current dip and view it as “an opportunity to show their clients that they understand where this market is going.”
Bitwise’s own Solana staking ETF (BSOL) attracted over $400 million in flows during its first week. However, it has experienced a sharp sell-off amid the recent crypto downturn, losing nearly 20% since its October 28 debut.
Last week, Strategy CEO Michael Saylor told CNBC he believes bitcoin could reach $150,000 by the end of the year—one among several recent bullish calls that, for now, seem ill-timed given current conditions.
Still, Hougan does not dismiss Saylor’s prediction. “I think bitcoin could easily end the year at new all-time highs,” he said. “That means getting north of about $125,000 up to $130,000. Whether we’ll get all the way to $150,000, we’ll have to see.”
“I do think the sellers are nearing exhaustion and the buyers are still relatively hungry. When those two things cross paths, again, I think we could end the year close to or at new all-time highs. And if we’re lucky, we’ll get to Saylor’s target as well,” he added.
Hougan describes institutional investors as “more maybe even-keeled about what’s going on at a fundamental level in crypto” and believes they will start to drive the market forward.
“But we do have to finish this washout of retail sentiment. I think we’re closer to the end of that than the beginning, but there always could be a little bit more downside,” he concluded.
https://bitcoinethereumnews.com/bitcoin/bitcoin-retail-buyer-at-max-desperation-but-no-crypto-winter-bitwise-cio/
XRP ETF Countdown: Bitwise Inches Closer to Approval as SEC Review Nears End
After years of anticipation, XRP may finally be on the verge of gaining its first U.S. exchange-traded fund (ETF). Asset management powerhouse Bitwise, which oversees more than $15 billion in digital and traditional assets, has filed a new amendment to its XRP ETF application—an update that market watchers believe could signal the finish line for regulatory approval.
The latest submission, Amendment No. 4, filed with the U.S. Securities and Exchange Commission (SEC), includes key final details often added just before an ETF is cleared for launch. Among them, Bitwise revealed that its proposed XRP fund will be listed on the New York Stock Exchange (NYSE) and carry a management fee of 0.34%. Industry observers point out that these additions usually mark the final step before the SEC’s green light.
### Analysts Hint at a 20-Day Launch Window
Several ETF analysts interpret Bitwise’s filing as a strong sign that approval may arrive within weeks rather than months. Bloomberg Intelligence’s Eric Balchunas noted that specifying both the fee and exchange typically means “all the boxes have been checked.” His colleague James Seyffart went further, suggesting that the revised wording in Bitwise’s filing could enable trading to begin within 20 days, provided no last-minute regulatory hurdles arise.
Bitwise isn’t alone in the race. Competitors including VanEck, Fidelity, and Canary Funds have also recently refreshed their XRP ETF filings, each seeking to secure an early-mover advantage in what could become a landmark moment for the digital asset.
Canary Funds, for instance, removed a key procedural delay from its own submission—an adjustment that may allow its product to go live as soon as mid-November if the Nasdaq grants final clearance.
### Why XRP’s ETF Matters
An XRP ETF would be a turning point for both the token and the broader crypto market. Unlike derivatives-based products, a spot ETF holds the actual digital asset, allowing investors to gain exposure to XRP’s price movements without directly owning it. Such a product could open the doors for institutional investors—hedge funds, pension funds, and wealth managers—to access XRP through traditional brokerage accounts.
XRP’s inclusion in the ETF landscape would also mark the first time the SEC has permitted a spot fund for the cryptocurrency, following its earlier battles with Ripple over the classification of XRP as a security. That legal fight, partially resolved in 2023, cleared the path for regulatory reassessment and helped restore institutional interest in the token.
### Market Reacts to Bitwise’s Filing
News of Bitwise’s filing sparked renewed optimism among traders, with XRP’s price edging up to around $2.51. The token has maintained a steady uptrend since early October, driven by speculation that an ETF could supercharge demand.
Analysts caution, however, that the price remains capped near the $2.75 resistance zone—a level that has repeatedly rejected bullish attempts since the start of Q4. If buyers manage to push past that threshold, XRP could retest the $3 psychological barrier, a move that would bring it close to its 2018 all-time high.
Conversely, if momentum fades, analysts expect a short-term correction toward the $2 support range, which coincides with the lower boundary of its long-term ascending channel.
### The Bigger Picture
The XRP ETF race underscores how rapidly traditional finance is embracing digital assets, following the explosive success of Bitcoin and Ethereum ETFs earlier in the year. A U.S.-listed XRP ETF could strengthen the token’s legitimacy among mainstream investors and deepen liquidity in global markets.
With several filings now in their final stages, the next few weeks could determine which issuer—Bitwise, Fidelity, or VanEck—will be the first to make XRP accessible on Wall Street. If Bitwise’s prediction holds, the approval could arrive before the end of November, ushering in a new era for XRP and potentially igniting the next wave of institutional adoption in crypto.
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*The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.*
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**Author**
Alex, Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
https://coindoo.com/xrp-etf-countdown-bitwise-inches-closer-to-approval-as-sec-review-nears-end/
Major Date for XRP Holders Revealed, Michael Saylor Reacts to Bitcoin (BTC) Price Crash, Cardano (ADA) Confirms Death Cross — Crypto News Digest
**Canary Funds XRP ETF Set for Potential Launch on November 13**
The first pure spot XRP ETF could be just around the corner, as Canary Capital has filed an updated S-1 registration statement with the SEC for its proposed XRP ETF.
In the latest update, the issuer removed a “delaying amendment,” which means the filing will automatically become effective after 20 days. This countdown ends on November 13, potentially allowing the product to go live after months of anticipation.
**Background**
The XRP ETF was recently listed by the Depository Trust & Clearing Corporation (DTCC). If Nasdaq approves the Form 8-A filing—which makes the product’s shares tradable—the ETF will officially launch. However, the launch date could still change if the SEC issues additional comments.
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**Michael Saylor Reacts to Bitcoin Price Crash with Symbolic Post**
Michael Saylor, CEO of Strategy, addressed the recent Bitcoin (BTC) price crash through a symbolic social media post that has sparked reactions within the crypto community.
The post features a dramatic photo of Saylor seated at a chessboard with carved pieces, accompanied by an hourglass ticking beside him. This imagery suggests a calculated, long-term strategy, with the hourglass highlighting time-sensitive moves related to Bitcoin’s price.
Saylor’s message alludes to an ongoing “battle” to sustain Bitcoin’s bull market amid the price drawdown. It also reflects the broader struggle between Bitcoin and traditional financial systems, including fiat currencies and market makers.
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**Cardano Records Death Cross as Whales Offload 100 Million ADA**
Cardano has entered a death cross amid a worsening sell-off during a volatile Thursday session that saw nearly $1.13 billion in leveraged futures liquidations.
The cryptocurrency has extended its decline for the fourth consecutive day since reaching a weekly high of $0.693. On the hourly chart, the 50-period moving average (MA) has fallen below the 200-period MA, completing a “death cross” that signals increased short-term selling pressure.
Crypto analyst Ali reported that large Cardano holders, or whales, took profits over the past three days, selling approximately 100 million ADA within 72 hours.
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*Stay tuned for more updates on these developing stories in the crypto market.*
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Price predictions 10/31: BTC, ETH, BNB, XRP, SOL, DOGE, ADA, HYPE, LINK, BCH
For the first time in seven years, Bitcoin is at risk of ending October in the red. Several altcoins have dropped to their crucial support levels, indicating selling on rallies. Bitcoin (BTC) bulls are attempting to maintain the price above $110,000, but the bears have continued to exert pressure. This increases the risk of BTC recording its first-ever red October close in seven years.
After October’s dismal performance, all eyes are on November, which has an average return of 46.02%, according to CoinGlass data. Several analysts are turning bearish on BTC, signaling a potential cycle peak based on its four-year halving cycle. However, a few others, such as BitMEX’s Arthur Hayes, believe that BTC’s four-year cycle is dead.
It is difficult to predict with certainty whether the four-year cycle is over or not. Still, the net outflows of $959.1 million from spot BTC exchange-traded funds in the past two days, according to Farside Investors’ data, indicate that institutional investors are cautious in the near term.
### What Are the Crucial Support Levels to Watch for in BTC and Major Altcoins?
Let’s analyze the charts of the top 10 cryptocurrencies to find out.
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## Bitcoin Price Prediction
Bitcoin bounced off the bottom of the range near $107,000 on Thursday, indicating that bulls are aggressively defending this level. The relief rally is expected to face selling pressure at the 20-day exponential moving average (EMA) of $111,557.
If the price turns down sharply from the 20-day EMA, it increases the likelihood of a break below $107,000. Should that happen, the BTC/USDT pair will complete a double-top pattern and may dive to $100,000.
Conversely, a break and close above the 20-day EMA suggests that Bitcoin may remain inside the $107,000 to $126,199 range for a while longer.
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## Ether Price Prediction
Ether (ETH) bounced off the support line of the descending channel pattern on Thursday, signaling buying at lower levels. However, the recovery could face selling at the moving averages.
If that happens, bears will again attempt to push ETH below the support line, which could cause the ETH/USDT pair to plummet to $3,350.
Buyers will need to push the price above the moving averages to keep the pair inside the channel. The next leg of the up move is likely to begin on a break and close above the channel’s resistance line.
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## BNB Price Prediction
BNB is witnessing a tough battle between bulls and bears at the 50-day simple moving average (SMA) of $1,084. If the price turns down from the 20-day EMA ($1,113) and closes below the 50-day SMA, it would signal the start of a deeper correction.
In that scenario, the BNB/USDT pair could drop to $1,021 and later to $932.
On the contrary, a close above the 20-day EMA suggests that bulls are attempting a comeback. The price could then rally to the 38.2% Fibonacci retracement level of $1,156, which might attract sellers.
A close above $1,156 would clear the path for a rally to the 61.8% retracement level at $1,239.
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## XRP Price Prediction
XRP fell below the 20-day EMA ($2.54) on Thursday, signaling that bears are trying to retain the advantage.
Sellers will try to strengthen their position by pulling XRP toward the $2.32 to $2.19 support zone. Buyers are expected to defend this zone vigorously, as a close below it could intensify selling pressure, potentially causing the XRP/USDT pair to plunge to $1.90.
Time is running out for bulls, who will need to swiftly push the price above the moving averages to gain strength. A potential trend change will be signaled on a close above the downtrend line.
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## Solana Price Prediction
Solana (SOL) has been trading inside a symmetrical triangle pattern, indicating indecision about the next directional move.
If the price slips below the uptrend line, the SOL/USDT pair could tumble to solid support at $155. Buyers are expected to defend this level strongly, but a break below $155 may sink the pair to $140.
Conversely, if the price rebounds from the uptrend line and breaks above the 20-day EMA ($194), it suggests the pair may remain inside the triangle longer. Buyers will regain control after pushing Solana above the resistance line.
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## Dogecoin Price Prediction
Buyers are attempting to hold Dogecoin (DOGE) above the $0.17 support level, but the shallow bounce indicates bears continue to exert pressure.
If the $0.17 support cracks, the DOGE/USDT pair could descend to the $0.14 support. Buyers will try to keep DOGE inside the range by defending this level. However, failure to do so could open the door for a drop to $0.10.
The first sign of strength for DOGE would be a break and close above the $0.21 overhead resistance. The pair may then climb to the 50-day SMA ($0.22) and later attempt a rally to stiff overhead resistance at $0.29.
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## Cardano Price Prediction
Cardano (ADA) continued lower and broke below the $0.59 support on Thursday, signaling bears remain in control.
If the price stays below $0.59, the ADA/USDT pair could plunge to solid support at $0.50. Buyers are expected to fiercely defend $0.50, as a drop below it may trigger a new downtrend.
On the upside, a break and close above the 20-day EMA ($0.66) would indicate bears are losing grip. The price could then climb to the breakdown level of $0.75 and subsequently to the downtrend line.
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## Hyperliquid Price Prediction
Sellers again thwarted bulls’ attempts to push Hyperliquid (HYPE) above the $51.50 overhead resistance on Thursday, pulling the price down to the 20-day EMA ($43.10).
Buyers are trying to defend the 20-day EMA, but selling pressure remains high. If the price breaks below this EMA, the HYPE/USDT pair could drop to the neckline and then to $35.50.
This negative outlook will be invalidated if Hyperliquid turns up and breaks above $51.50, potentially surging to the all-time high of $59.41.
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## Chainlink Price Prediction
Buyers tried to push Chainlink (LINK) above the 20-day EMA ($18.24) on Wednesday, but bears held their ground.
The downsloping moving averages and a relative strength index (RSI) in negative territory suggest bears remain in control.
The LINK price could then plummet to the $15.43 support, where bulls are expected to step in.
Buyers will need to push and sustain price above the 20-day EMA to signal strength. The LINK/USDT pair could then climb to the resistance line, a critical level to watch.
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## Bitcoin Cash Price Prediction
Bitcoin Cash (BCH) has been stuck between the 20-day EMA ($530) and the resistance line for the past few days.
Bulls need to push and maintain BCH above the resistance line to signal a potential trend change.
The BCH/USDT pair could then rally to $615 and later to $651.
Alternatively, if the price turns down and breaks below the 20-day EMA, the pair may remain inside the falling wedge pattern for a few more days.
In that case, BCH could slide to $500 and then to $475.
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**Disclaimer:** This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making decisions.
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