$16 Billion Outflows From XRP in a Week Amid Spot ETF Blow

$16 billion outflows from XRP in a week amid spot ETF blow

XRP is witnessing a notable decline in investor confidence, with its market capitalization dropping by over $16 billion in the past week. This downturn coincides with the U.S. Securities Exchange Commission’s (SEC) decision to postpone its ruling on 21Shares’ proposed spot XRP exchange-traded fund (ETF), as outlined in a filing on May 20. A week ago, XRP’s market capitalization stood at $153.56 billion. As of press time, the figure has fallen to…

CoinStats - SEC Delays Decisions on XRP, Dogecoin, and Et...

The post SEC Delays Decisions on XRP, Dogecoin, and Ethereum ETF Proposals appeared first on Coinpedia Fintech News The U.S. SEC has postponed its decisions on several crypto ETF proposals, including 21Shares Core XRP Trust, Grayscale XRP Trust, and Grayscale Dogecoin Trust. The agency is also delaying its decision on Bitwise’s Ethereum ETF with staking. The SEC has called for public comments on these proposals, signaling a longer review process…

XRP momentum stalls as SEC delays 21Shares XRP ETF decision

XRP’s recent price surge has come to a halt amid declining market activity and uncertainty regarding the Securities and Exchange Commission’s review of the proposed 21Shares XRP spot ETF. The token is currently priced at approximately $2.35, reflecting a 1.4% decrease over the past day and an 8.3% drop over the last week, indicating that its earlier momentum may be fading. Trading volumes have also significantly decreased, with XRP experiencing …

When Will SEC Approve an XRP ETF? Latest Delay Explained - Coin Surges

The post When Will SEC Approve an XRP ETF? Latest Delay Explained appeared first on Coinpedia Fintech News Once again, the U.S. Securities and Exchange Commission (SEC) has hit the pause button on an XRP ETF proposal, this time from 21Shares. While it may sound disappointing, this delay is more routine than alarming. In fact, it would be way towards the approval of the XRP ETF. Despite such a massive news of delay XRP coin saw a slight a 2% drop…

SEC delays its decisions on DOGE and XRP ETF proposals

The U.S. Securities and Exchange Commission on Tuesday delayed its decision on cryptocurrency exchange-traded funds linked to XRP and Dogecoin. The agency’s filings list three affected products: the 21Shares Core XRP Trust, the Grayscale XRP Trust, and the Grayscale Dogecoin Trust. The SEC has asked for public comments on these products. ‘Institution of proceedings is appropriate at this time in view of the legal and policy issues raised by the …

Dogecoin Teeters Below $0.26 as Bulls Face Crucial Test

Dogecoin, the once-mocked cryptocurrency, has found itself in a critical phase, teetering below the $0.26 resistance level. After a sharp rejection last week, the meme coin has dropped over 18%, retracing some of its impressive gains from the rally that began in early April. Bulls had been riding high, with momentum building strongly after DOGE broke out above $0.13, marking a 100% Source