The U.S. Securities and Exchange Commission (SEC) has delayed its decision on Grayscale’s proposed Litecoin ETF, requiring additional time to assess compliance with investor protection rules. The SEC also postponed a ruling on Grayscale’s Solana Trust, reflecting continued regulatory caution toward crypto investment products. Concurrently, BlackRock’s proposed in-kind redemption amendment for its Bitcoin Trust is under public review. Litecoin’s price surged above $100 due to ETF optimism, but technical analysis hints at potential resistance and a near-term correction. Prediction markets suggest an 80% chance of Litecoin ETF approval by December 2025.
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Nasdaq Files for 21Shares DOGE ETF as SEC Delays Bitwise
Nasdaq has submitted a 19b-4 filing with the SEC to list the 21Shares Spot Dogecoin ETF, partnering with the Dogecoin Foundation for institutional backing. The ETF would track Dogecoin’s price via the CF Dogecoin-Dollar Index, with Coinbase Custody as custodian. However, the SEC has postponed Bitwise’s similar DOGE ETF application to June 2025, alongside delays for Ethereum, XRP, and Hedera ETFs. Dogecoin’s price hovers at $0.174 amid declining trading volume, with technical resistance at $0.18 potentially sparking a rally if broken. Analysts suggest regulatory clarity may take until late 2025.
read moreSEC Delays Decision on Dogecoin and XRP ETFs Until June
The US Securities and Exchange Commission (SEC) has delayed its decision on approving two proposed cryptocurrency exchange-traded funds (ETFs) linked to Dogecoin (DOGE) and XRP. The filings, reviewed by Cointelegraph, reveal the regulator has extended the deadline to June. The ETFs were proposed by Bitwise and Franklin Templeton, with NYSE Arca and Cboe BZX Exchange submitting the listing requests in March. This postponement reflects the SEC’s cautious approach to crypto-related financial products, as it continues to evaluate the risks and regulatory implications.
read moreNasdaq Seeks SEC Approval for Dogecoin ETF Listing
Nasdaq has submitted a request to the SEC for a rule change to list shares of a 21Shares Dogecoin ETF, following similar applications from Grayscale and Bitwise. The proposed ETF would track Dogecoin’s price, akin to existing Bitcoin and Ethereum ETFs. The SEC has initiated deliberations on Grayscale’s filing, with a 240-day review window, while Rex Shares’ alternative Dogecoin ETF application under the 40 Act faces a shorter 75-day process. Analysts suggest Dogecoin ETFs could gain approval in 2024, bolstered by support from the Dogecoin Foundation’s House of DOGE. Dogecoin, currently the 8th-largest crypto with a $76.3B market cap, has seen a 6.3% price surge to $0.18 this week.
read moreXRP Could Hit $15 with ETF Inflows, Analyst Predicts
Crypto analyst Zach Rector predicts XRP could reach $15, fueled by potential ETF inflows. His model uses a conservative ‘market cap multiplier’ of 200x, estimating that $4 billion in ETF inflows could boost XRP’s market cap by $800 billion, pushing its price to $15. Rector cites institutional interest, with nine major firms filing for XRP ETFs, and global regulatory progress, including Brazil’s approval of a spot XRP ETF. However, he acknowledges risks, pointing to Ethereum ETFs’ underwhelming performance. At press time, XRP traded at $2.14, but Rector believes $15 is achievable under current trends.
read moreSEC Delays Decision on Grayscale Ethereum ETF Staking
The SEC has delayed its decision on a proposed rule change that would enable Grayscale’s spot Ethereum ETFs to stake ETH, pushing the deadline to June 1. The NYSE Arca applied for regulatory approval in February, seeking to allow these ETFs to participate in Ethereum’s proof-of-stake system. Staking involves pledging crypto to validate transactions and earn rewards, but the SEC initially deemed it risky. The delay comes as Ethereum’s price has dropped 15% in a month, and amid broader crypto market volatility. While the SEC has recently shown a more crypto-friendly stance, it remains unclear whether staking will be approved. Analysts speculate approval could come by late 2025, with some optimism following the recent greenlighting of Ethereum ETF options.
read moreRipple Pauses SEC Battle, Acquires Hidden Road for $1.25B
Ripple and the SEC have filed a joint motion to pause their long-standing legal dispute, with both parties agreeing to halt proceedings temporarily. This development follows the SEC’s decision to drop its appeal, indicating a potential shift in regulatory attitudes. Meanwhile, Ripple has acquired Hidden Road, a prime brokerage firm, for $1.25 billion, a move seen as a strategic expansion into traditional finance. The company is also making strides in the ETF space, with Grayscale Investments leading the charge for an XRP spot ETF. Despite market volatility, XRP remains a top cryptocurrency, with analysts predicting bullish trends. The legal settlement includes a $50 million civil penalty for Ripple, pending SEC review, which could bring the protracted lawsuit to a close.
read moreTeucrium’s 2X XRP ETF Debuts with $5M Volume, Tops 5%
Teucrium’s 2X Long Daily XRP ETF made a splash on its NYSE Arca debut, pulling in $5 million in volume—placing it in the top 5% of ETF launches. The fund, which leverages XRP’s daily price movements, outperformed its Solana-based counterpart (SOLT) by 4x, signaling heightened institutional interest in XRP post-SEC clarity. While still dwarfed by Bitcoin ETFs like BlackRock’s IBIT, the launch coincides with a surge in spot XRP ETF filings from major firms like Franklin Templeton and Grayscale. Brazil’s approval of Hashdex’s XRP ETF further underscores global demand, with XRP rallying 6% on the news. However, Teucrium’s product carries a 1.85% fee and is designed for short-term traders, not long-term holders.
read moreTeucrium to Launch 2X Leveraged XRP ETF on NYSE Arca
Teucrium Investment Advisors will introduce a 2X leveraged XRP ETF on April 8, listed on NYSE Arca. The fund, charging a 1.85% management fee, is designed for short-term trading and aims to double XRP’s daily performance. This launch comes amid pending SEC reviews of multiple spot XRP ETF applications from firms like WisdomTree and Bitwise. The SEC’s recent approval of spot Bitcoin ETFs in January 2024 has spurred interest in crypto-based ETFs, including XRP. Teucrium’s move follows the SEC dropping its case against Ripple, which paid a $50 million fine. XRP is currently trading at $1.87, down 3% in 24 hours.
read moreDogecoin Shows Oversold Signals Indicating Potential Accumulation Opportunity
Dogecoin’s recent price correction has led traders to identify it as a potential accumulation zone, with key technical indicators suggesting oversold conditions. Analysts highlight that the weekly RSI mirrors levels from October 2023, and the price is near significant support levels, including the macro 0.5 Fibonacci retracement at $0.19. Additionally, Dogecoin addresses have reached an all-time high of 83.48 million, indicating growing network adoption, while the probability of a Dogecoin ETF approval in 2025 has increased to 66%.
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