XRP ETF Update, Schiff's Bitcoin Warning, Ripple Case Pause
ProShares Sets XRP ETF Launch Date
ProShares, a leading ETF issuer, has targeted April 30 for its futures-based XRP ETF. This ETF will rely on futures contracts rather than direct XRP investment, marking a step toward a potential spot ETF. ProShares previously succeeded with a Bitcoin futures ETF in 2021, which launched in early 2024 after SEC delays.
Schiff Urges Bitcoin Sell-Off for Gold
Peter Schiff, known for predicting the 2008 crash, advises selling Bitcoin and investing in gold and silver mining stocks. His call comes as gold hits $3,291, while Bitcoin dips to $84,110. Schiff, a long-time Bitcoin skeptic, holds 0.055 BTC as a strategic reserve to demonstrate its risks.
Ripple Case Appeal Paused
The U.S. Court of Appeals for the Second Circuit has paused the Ripple case appeal. Both the SEC and Ripple agreed to the pause, with the SEC submitting a status report in two months. Despite Ripple's legal victory, XRP's price dipped to $2.08 amid market correction, frustrating some XRP holders.
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