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BlackRock plans to initiate XRP exchange-traded fund (ETF) submissions after Ripple solves its extended litigation with the U.S. Securities and Exchange Commission (SEC). The head of The ETF Store, Nate Geraci expects BlackRock to engage in activity against competing cryptocurrency exchange-traded fund launches based on his expertise. The company can file a Solana ETF proposal whenever BlackRock determines to proceed. Institutional investors currently express increased interest in launching Exchange-Traded Funds that use altcoin assets. The firm operates trillions worth of assets but has only launched Bitcoin and Ethereum crypto ETFs until now. Market experts anticipate that BlackRock will possibly expand its investment approach to encompass alternative digital currencies. Franklin Templeton joined other financial giants by submitting a request to create an XRP ETF under its management of $1.5 trillion assets this past week. The industry has witnessed an important development since previous applicants have mostly operated as small crypto-specialized entities. The intensified institutional support for XRP-based capitalist products indicates increasing market value for XRP financial solutions. The SEC extended its decision making process for various XRP ETF applications that crypto asset manager Grayscale submitted alongside other applicants. SEC has adopted conservativeness as the dominant factor when evaluating cryptocurrency-based ETFs which focus on altcoins. The prolonged wait for review decisions creates uncertainties regarding the estimated time required for authorities to give their approval. BlackRock executives indicate that the release of new cryptocurrency ETFs might extend into the distant future despite the increasing demand for altcoin ETFs. Chief investment officer Samara Cohen from BlackRock announced that the company first needs to focus on its already-launched Bitcoin and Ethereum ETFs. Jay Jacobs from the firm’s thematic and active ETF department stated that their main attention is dedicated to Bitcoin and Ethereum cryptocurrencies. According to Geraci, BlackRock will eventually increase its crypto Exchange-Traded Funds despite its current leadership taking cautious measures. BlackRock could establish XRP and Solana ETFs due to competitive pressure in an evolving market from competitors creating similar funds. Multiple crypto-based ETFs may appear in the market due to rising institutional fascination. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Ethereum once again postpones the Pectra update. To avoid a rushed implementation, the crypto network will launch a third testnet on March 17, with Pectra activation scheduled for March 26. Why this delay? What are the stakes for Ethereum? Analysis. According to the main developers of Ethereum, the implementation of Pectra on the Sepolia and Holesky testnets has revealed several major technical issues: In light of these difficulties, the developers have decided to create a new testnet: Hoodi. It allows for better replication of the Ethereum mainnet environment. This testnet will therefore have a structure close to the main network, with a set of validators managing more than 20 million test-staked ETH. If the tests on Hoodi are conclusive, Pectra could be deployed on Ethereum as early as April 25. Pectra incorporates more than 10 EIPs aimed at improving several aspects of the cryptographic network: These developments aim to facilitate the adoption of Ethereum, by making its infrastructure smoother and more efficient. The Pectra delay is part of a broader context. Ethereum is indeed looking to accelerate the pace of its updates to remain competitive against other Layer 1 blockchains such as Solana or Avalanche. However, this desire for speed faces a technical reality: a network as vast as Ethereum cannot afford to implement unstable updates. An error on the mainnet could indeed lead to colossal financial losses. Above all, it would undermine users’ confidence. Upstream, too frequent delays could hinder its adoption in favor of more responsive competing solutions. With this strategic choice , Ethereum thus prioritizes stability over speed. It remains to be seen whether this approach will pay off in a sector where innovation must proceed quickly!

In recent developments, institutional investors are increasingly considering Ripple (XRP) as a strategic asset to diversify their cryptocurrency portfolios beyond Bitcoin (BTC). According to finance expert Linda P. Jones, author of 3 Steps to Quantum Wealth, XRP has outperformed Bitcoin by 212% since November 2023 and has surged approximately 250% against Ethereum in the same period. XRP’s price recently surged past $2.30 after a modest 0.86% increase in the last 24 hours, bringing its market capitalization to $134 billion. Meanwhile, Bitcoin held steady at around $83,000 after a 6.78% decline over the past week. “Institutions will diversify out of Bitcoin and Ethereum only and add XRP ETFs to their portfolio,” Jones stated, emphasizing the growing interest in XRP as a viable investment option. As highlighted by CNF , financial giants such as Franklin Templeton and 21Shares have filed for XRP Exchange-Traded Funds (ETFs) in the U.S. Currently, there are 15 proposed XRP ETFs, surpassing Bitcoin ETF filings, which stand at 11. This shift suggests that institutional investors are beginning to recognize XRP’s stability and growth potential, looking beyond traditional assets like Bitcoin. Bitcoin ETFs have recorded $35.4 billion in net inflows since receiving approval from the Securities and Exchange Commission (SEC) in January 2024, and analysts believe XRP ETFs could exceed this figure upon approval. “Requests for XRP ETFs are filed with the SEC because financial companies anticipate demand for them,” Jones added. Regulatory clarity has significantly boosted institutional confidence in XRP, especially following a recent closed-door meeting between the Securities and Exchange Commission (SEC) and Ripple Labs, sparking speculation about a potential settlement in the long-standing lawsuit against Ripple. This meeting comes on the heels of the SEC’s decision to close investigations into other crypto-related lawsuits involving Uniswap, Robinhood, and Coinbase, signaling a potential shift in regulatory approach. A favorable resolution for Ripple could pave the way for broader adoption of XRP among institutions. Adding to this momentum, President Donald Trump announced the creation of a Crypto Strategic Reserve, positioning the United States as the “crypto capital of the world.” Initially set to include Bitcoin, Ethereum, Ripple, Solana (SOL), and Cardano (ADA), the reserve later prioritized Bitcoin over other assets. Trump’s acknowledgment of XRP has further boosted its legitimacy, with Linda Jones highlighting its inclusion in the U.S. Digital Asset Stockpile solidifies its role as a financial asset. As institutions seek to mitigate risks associated with a Bitcoin-centric portfolio, XRP is positioned to play a larger role in financial markets as a facilitator for faster and cheaper cross-border payments with its consensus mechanism.

To avoid conflicts of interest, US cryptocurrency czar David Sacks has sold more than $200 million in digital asset investments, cleared his holdings in Bitcoin, Ethereum, Solana and Bitwise 10 Crypto Index Fund (BITW), and sold shares in Coinbase, Robinhood and some private…

How did a meme token backed by a world leader soar to a $1.16 billion market cap, only to crash by 95% within hours? A new report published on Friday by DWF Labs sheds light on the launch and collapse of $LIBRA. Libra ( LIBRA ) is a meme token on Solana that skyrocketed to a market cap of $1.16 billion within its first hour, only to lose over 95% of its value shortly after. The token’s collapse erased more than $280 million from approximately 75,000 traders, raising serious questions about insider trading and market manipulation. The incident, known as “Cryptogate,” has drawn political and financial heavyweights into the controversy, including Argentinian President Javier Milei and Web3 investment firm Kelsier Ventures. According to DWF’s report, allegations have surfaced that insiders were given access to $LIBRA tokens before the public launch. Kelsier Ventures’ wallets reportedly made over $110 million from liquidity provision and early sniping of the token. The scandal has triggered political backlash for President Milei, with accusations of fraud and calls for a federal investigation and in some cases a resignation. The DWF report also connects Kelsier CEO Hayden Davis to another high-profile token launch which also has a political connection: United States First Lady Melania Trump’s ( MELANIA ) token. Following the launch of tokens such as $MELANIA and $LIBRA , focus has turned to a need for more transparent and equitable token launch mechanisms in the crypto market. This edition of our institutional report 'A Presidential Guide To Token Launches' examines: ✅ The history of… pic.twitter.com/5Liroimyuz DWF Labs’ analysis could be seen as a warning sign associated with token launch mechanisms. More advanced approaches to launches, notably Dutch auctions and Liquidity Bootstrapping Pools, would help level the playing field for smaller investors. Regardless, the $LIBRA and $MELANIA scandals makes it clear that insider access and market manipulation is an unfortunate reality despite improved launch mechanisms. DWF Labs argues that improved oversight, mandatory pre-launch disclosures, and advanced anti-manipulation measures are steps needed to take to restore order in the market.