The post Grayscale Filed For ETFs Tracking Cryptocurrencies like XRP, Litecoin! CoinShares Joins The List appeared first on Coinpedia Fintech News A wave of excitement is building in the cryptocurrency industry as giant asset managers are doubling down on their pursuit of altcoin-focused exchange-traded funds (ETFs). Big players like Grayscale and CoinShares are pushing for ETFs focused on Litecoin, XRP, and Solana. Could this be the turning point for crypto ETFs in 2025? Grayscale’s New ETF Filings Nate Geraci, the President of The ETF Store, recently pointed a key development in a tweet. He pointed out that the New York Stock Exchange (NYSE) had filed a 19b-4 form to list and trade Grayscale’s Litecoin Trust. These new filings are aiming to fix some of the issues that caused problems for crypto investments in the past, like ensuring security and clear rules around custody. NYSE files 19b-4 to list & trade Grayscale Litecoin Trust… In other words, uplist or convert LTC to ETF. pic.twitter.com/w9LTpzLUIq — Nate Geraci (@NateGeraci) January 24, 2025 However, the proposed Litecoin ETF would follow the price of Litecoin without investors needing to actually own the coins. It’s a step up from Grayscale’s existing Litecoin Trust, and it could make it easier for people to invest in Litecoin without the usual complications. Meanwhile, Grayscale is also hoping to convert its Grayscale Solana Trust into a Solana ETF. The SEC was supposed to make a decision on this by January 23, 2025, but there hasn’t been any public comment yet. This silence might mean the SEC is taking its time to carefully consider the proposal, perhaps under new guidelines and a fresh perspective. CoinShares Joins the Race with Litecoin and XRP ETFs Not far behind, CoinShares has also filed for two new ETFs, one for Litecoin and another for XRP. CoinShares is hoping to bring crypto closer to traditional investments, allowing more people to access the market through these new funds. Other companies like Bitwise, ProShares, WisdomTree, and REX Shares have also filed for XRP ETFs, showing that the demand for these kinds of investment products is growing quickly. New Era for Crypto ETFs These filings are happening at a time of big change in the U.S. government. With President Trump taking office on January 20, 2025, many believe the SEC will adopt a crypto friendlier approach. Former SEC Chair Gary Gensler stepped down recently, and President Trump appointed Paul Atkins, a former regulator who is known for supporting cryptocurrencies, to lead the SEC. Price Analysis: XRP, LTC, Sol Despite the enthusiasm surrounding the ETF filing, the altcoin has shown a mixed response in the market. XRP, one of the top cryptocurrencies, is finding support and might be ready to break out of its consolidation phase, with its price staying around $3.13 . Meanwhile, following the recent ETF filings, Litecoin’s price surged to $125, showing a 9% increase in just one day, bringing its market cap to $9.4 billion. On the other hand, Solana is trading steadily at around $252.
The official meme coin of United States President Donald Trump has been a roaring success since its launch five days ago, witnessing high trading activity and investor participation. Data analyzed by the on-chain intelligence firm CryptoQuant now shows that Official Trump (TRUMP) has recorded roughly $38 billion in total trading volume across centralized crypto exchanges since its release on January 17. The token’s spot trading volume topped $17 billion on January 19; however, the recent figure indicates that the volume has almost doubled over the past few days. The TRUMP Pump CryptoQuant found that the world’s largest crypto exchange, Binance, dominated the spot trading volume with $16 billion, while other platforms like OKX and Bybit followed suit with $7 billion and $6 billion, respectively. The Trump meme was promoted as a cryptocurrency created to express support for and engagement with Trump’s beliefs and ideals. These coins exist on the Solana blockchain, and 200 million TRUMP are currently in circulation, with the total supply expected to grow to one billion over the next three years. Less than two days after its launch, TRUMP became one of the top 20 altcoins on CoinGecko and CoinMarketCap (now at number 25), with a market cap of nearly $15 billion. The rally also made the token the second-biggest meme coin, trailing behind Dogecoin (DOGE). Official Trump’s pump had never been seen before in the crypto space, so during the next few days after its launch, it ranked as the top trending token across the entire sector. Significant Correction Amid the growth in Official Trump’s market cap and spot trading volume, the token’s price skyrocketed from 0 to $72 in less than 48 hours. Although the meme coin’s price had corrected significantly by the time of writing, and it was trading at $35.88 on CoinMarketCap, TRUMP is still up more than 450% from its January 18 trading price of $7. Noteworthily, Official Trump’s market cap now hovers around $7.18 billion, and analysts have attributed this drop in price and market cap to the launch of MELANIA, a competing meme coin by First Lady Melania Trump. Interestingly, President Trump attempted to downplay the success of TRUMP at a press briefing a day after his inauguration; however, it cannot be denied that the memecoin’s pump created new crypto millionaires overnight. The post TRUMP Spot Trading Volume Hits $38B Across Exchanges Within 5 Days: CryptoQuant appeared first on CryptoPotato .
Two widely followed crypto traders say President Trump may have made one of the biggest financial blunders in modern history moments before taking office. In a new video on the state of the markets, pseudonymous analysts DonAlt and Cred say the launch of Trump’s official memecoin (TRUMP) potentially squandered a massive fortune for the 47th President. After its initial launch on January 17th, TRUMP soared to a $72 billion fully diluted market cap in a couple of days, making it among the top 20 crypto assets in existence – with Trump and his affiliates holding 80% of the supply. Then, Trump abruptly launched a second official coin called MELANIA, which triggered an immediate crash in the price of TRUMP as investors realized their coins can essentially be diluted by new Trump family tokens. Crypto trader Cred says the move hammered the seemingly unstoppable rise of TRUMP. “It feels like one of the worst decisions of modern financial history, not to be too hyperbolic about it. But if you look at like how much it went up, how quickly it got to the tens of billions in market cap. The liquidity that was there. The attention. The mind share. It was literally cannibalizing the entirety of the market and you spawned it out of nowhere and then you just fumble that on a Melania coin.” Fellow trader DonAlt says he agrees, warning that Trump and his team’s 80% allocation will be unlocked over time, potentially hitting the open market. “I’m not saying this is going to go to zero anytime soon. I think if anything is probably going to just stabilize and bleed over a while. But I would not want to hold anywhere close to the unlocks because I mean just by the way that they launched Melania coin I’m like 90% certain that you’re going to get dumped on your head.” TRUMP has now dropped from an all-time high of $72.62 on January 19th to $29.43 at time of publishing. The level of involvement that Trump directly had in the launches of both coins – which are attributed to the Trump-affiliated organizations CIC Digital LLC and Fight Fight Fight LLC – is debatable. When asked about his new memecoin two days ago, Trump said he wasn’t closely following its progress. “I don’t know much about it other than I launched it. I heard it was very successful. I haven’t checked it.” Although his memecoins may have faltered, many in the industry are celebrating a number of Trump-fueled digital asset developments this week. On Thursday, President Trump signed an executive order to analyze the creation of a government-held strategic crypto reserve, prohibit the development of a Central Bank Digital Currency (CBDC) and promote stablecoins. Trump’s new leadership at the SEC also eliminated a controversial accounting guideline that effectively prevented banks from holding crypto assets on behalf of their customers. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Trump May Have Made One of the Worst Financial Decisions in Modern History Moments Before Taking Office, According To Crypto Traders – Here’s Why appeared first on The Daily Hodl .
Dogecoin’s price movements have been the subject of much speculation in the past few months by various crypto analysts, with many of the analyses based on its pattern repetition in market cycles. A recent analysis posted on the TradingView platform delves deeply into Dogecoin’s technical outlook with indicators such as Fibonacci levels, Elliott Wave Theory, and the Wyckoff Method to forecast both downside and upside price targets for the cryptocurrency. Macro Analysis: Elliott Waves And Fibonacci Levels Show Liquidity Zones According to the analyst, Dogecoin’s price has been following a clear Elliott Wave structure starting from its bear market low of $0.045 in 2022 until its recent multi-year peak of $0.48 in December 2024. Interestingly, this projection suggests that the five impulse waves have already been completed, and the next stage is the formation of the ABC corrective waves. Waves A and B have already played out, leaving wave C to complete the structure and create the last corrective wave in the pattern. With this correction in mind, the analyst used Fibonacci levels for additional insights into how it plays out. Using a trend-based Fibonacci retracement, the analyst predicted that Dogecoin could retrace to $0.213 as the price mark aligns well with the 0.382 Fib retracement level from its recent peak in December. Similarly, the 0.618 Fibonacci retracement level, calculated from the wave 4 low to the wave 5 peak, suggests a target of $0.235. A green box zone between these two levels is highlighted as the likely liquidity zone before the next bullish leg. The correction, if it happens, doesn’t necessarily spell doom for Dogecoin. This is because the meme coin has consistently revisited the 0.382 level during past market cycles before surpassing its all-time highs. Therefore, a repeat of this behavior could set the stage for another Dogecoin price rally over a longer timeframe that will eventually break above $0.73 and set a new all-time high. Zooming In: Wyckoff Phases And Short-Term Prediction When analyzing the current price action, the analyst identifies Wyckoff Distribution Schematic #2 as the prevailing pattern for Dogecoin. This method separates market movements into phases (A to E) to predict price behavior. According to the analysis, Dogecoin is transitioning through these phases and is expected to enter phase E by January 23, 2025. Further examination of the 4-hour chart reveals an ABC corrective pattern, with wave C anticipated to mirror the magnitude of wave A’s decline. The analyst calculates this drop as aligning perfectly with the 0.382 Fibonacci target at $0.213. Using additional Fibonacci retracements and extensions, short-term support and resistance zones have been identified, further reinforcing the $0.213 to $0.235 liquidity zone. With this, the analyst predicted a Dogecoin price bottom between January 30 and February 3, 2025, before it transitions toward a bullish trend. Looking ahead, the analyst suggests that Dogecoin is building momentum for a significant upward movement once it completes its correction . Notably, the analyst predicted that Dogecoin will rebound and reach $1.9 once the correction is completed. At the time of writing, Dogecoin is trading at $0.3577.
The post XRP vs. Bitcoin: Is Ripple Lobbying Against U.S. Strategic Bitcoin Reserve? CEO Reacts appeared first on Coinpedia Fintech News Bitcoin is climbing towards new all-time highs, with a major breakout on the horizon. A key driver of this upward momentum is a recent executive order signed by U.S. President Donald Trump, which includes the creation of a U.S. government Bitcoin Reserve. This move has raised excitement in the crypto world, particularly for Bitcoin enthusiasts. However, amidst the Bitcoin Reserve news, XRP is facing a lot of heat on social media. Pierre Rochard, VP of Research at Riot Platforms, has claimed that the biggest challenge to the Strategic Bitcoin Reserve (SBR) isn’t the Fed, Treasury, or banks—it’s Ripple. Rochard argues that Ripple is spending millions of dollars lobbying politicians to block the SBR, fearing it could hurt their marketing narrative and push their own agenda for Central Bank Digital Currencies (CBDCs). Rochard even accused Ripple of trying to sabotage Bitcoin mining under the Biden administration and said Ripple has now “declared war” by attempting to block the Strategic Bitcoin Reserve. According to him, Ripple should have focused on its own business and not interfered with the SBR. “Face the facts: Ripple / XRP has been the leading source of anti-bitcoin misinformation for more than a decade. They have aggressively lobbied policymakers around the world to try to ban bitcoin mining. Weaponizing woke ESG narratives to promote their centralized token,” Rochard said. In response, Ripple CEO Brad Garlinghouse fired back, stating that their efforts are actually boosting the chances of a crypto strategic reserve, which could include Bitcoin. Garlinghouse stressed that Ripple’s actions align with the broader goals of the U.S. government to support American companies and technologies.
Following Donald Trump’s inauguration on January 20th, Bitcoin (BTC) has remained range-bound, trading between $101,000 to $110,000. However, a new report by CryptoQuant states that behind this routine price action, Bitcoin ‘whales’ are quietly back to accumulating the premier cryptocurrency. Bitcoin Whales Back In Accumulation Mode According to the report, large BTC holders – commonly referred to as Bitcoin ‘whales’ – have re-entered the accumulation phase. Recent data shows a significant uptick in the monthly percentage growth of BTC holdings among these large investors. Related Reading: Bitcoin Price Forecast Of $150,000 ‘Too Low’ Amid Rising Adoption, Crypto Trader Says Notably, Bitcoin whale holdings increased from a decline of -0.25% on January 14 to a growth of 2% by January 17, marking the highest monthly growth rate since mid-December. In absolute terms, these investors’ BTC holdings rose from 16.2 million on November 4 to 16.4 million as of January 24. The surge in whale accumulation appears to be driven by several bullish developments early in Trump’s administration. For example, the US president has already signed an executive order establishing a Working Group on Digital Asset Markets. This Working Group has been tasked with proposing a federal regulatory framework for cryptocurrencies – including stablecoins – within six months. Additionally, the group will evaluate the potential creation of a national digital asset stockpile, fueling speculation about a potential US strategic Bitcoin reserve. Besides growth in whale holdings, selling pressure for BTC has declined sharply since major profit-taking in December. This aligns with a recent report which found that BTC profit-taking has dropped by 93% from its December peak. The report reads: Bitcoin holders realized daily profits as high as $10 billion as Bitcoin approached $100K in December. However, daily realized profits have fallen to levels around $2-$3 billion in January, which indicates market participants may have finished selling Bitcoin for the most part. Moreover, the traders’ unrealized profit margins have declined near zero, a level which typically marks a price floor during bull markets. However, the report also highlights that overall Bitcoin spot demand has weakened over the past month, raising concerns about the likelihood of another bullish rally. Specifically, the rate of demand growth for Bitcoin has fallen from 279,000 BTC in early December to just 75,000 BTC at the time of writing. Analysts Confident Of Another BTC Rally Despite the cooling of on-chain demand, crypto analysts remain optimistic about another major price rally for Bitcoin. For instance, a recent report suggested that BTC could target a price as high as $249,000 during Trump’s presidency. Related Reading: Could Bitcoin Hit Its Peak In Summer 2025? Analysts Weigh In Another report by Bitfinex predicted that BTC is likely headed to $200,000 by mid-year amid mild price pullbacks. However, a lot depends on how the US Federal Reserve handles interest rate adjustments this year. From a technical standpoint, BTC’s cup-and-handle pattern projects a price target of as high as $275,000. At press time, BTC trades at $106,074, up 0.1% in the past 24 hours. Featured image from Unsplash, Chart from TradingView.com
Morgan Stanley is doubling down on crypto, pledging to work with regulators as it eyes bitcoin’s resilience and the sector’s game-changing potential for finance. Aligning With Regulators: The Key to Unlocking Crypto’s Potential in Finance Morgan Stanley CEO Ted Pick revealed on Thursday that the bank is preparing to collaborate with U.S. regulators to explore
Crypto investment management firm Bitwise filed paperwork to establish a Delaware statutory trust for a dogecoin exchange-traded fund (ETF) on Wednesday, according to a post by Bloomberg ETF analyst Eric Balchunas. The firm manages upwards of $10 billion in assets across sixteen funds, including spot bitcoin and spot ether ETFs. Optimism for a wider variety
At the WAGMI conference held in Miami on Friday, Aaron R. Day, the Chairman and CEO of the Daylight Freedom Foundation, delivered a compelling address centered on Roger Ver’s troubles with the U.S. government. During his speech, Day emphasized to the audience the gravity of the matter, describing it as a “high stakes situation.” Miami
The post XRP Price Prediction For January 25 appeared first on Coinpedia Fintech News In recent market movements, XRP has seen mixed price action and is down by more than four percent on the weekly chart. At press time, XRP is trading at $3.12 and has slightly drifted to the green zone. The Key Scenario: Price Expected to Reach New Highs There is a scenario where XRP could make one more move to the upside before a potential shift in trend. As of now, the price is expected to rise, potentially reaching a new peak. However, the crucial question remains: will this push higher lead to further gains, or will it mark the peak of the rally before a correction begins? After a five-phase pattern, a major top or larger correction typically follows, signaling increased risk. This doesn’t necessarily mean a bearish trend, but the current rally could be nearing its end. Potential Breakout Targets: Where Could the Price Head Next? On the smaller time frame, XRP is facing resistance at its all-time high of $3.30. A breakout above this level could see the price surge towards new targets, including $4.19, $5, and possibly even $6.61. XRP recently completed an internal triangle pattern, which broke out to the upside on January 13. However, the price failed to break above its all-time high and has since entered a consolidation phase. There is no clear breakout signal at the moment, and the price is holding above key support levels between $2.52 and $2.94. These support levels have been respected multiple times, and the price recently reacted to the $2.81 level, which represents a 50% retracement. The expectation remains for a continuation to higher prices, with potential moves to $4.90 or even $5. However, it’s also possible that XRP may form another low before continuing upwards. Traders should watch for a breakout above $3.30–$3.40 to confirm the continuation of the bullish trend. Until that happens, a pullback to the lower support levels remains a possibility.