6h ago
CoinShares Withdraws XRP and Solana ETF Applications in U.S. Market
CoinShares has withdrawn all pending spot cryptocurrency ETF applications in the United States, including products tracking XRP, Solana, and Litecoin. The decision follows strong institutional demand, with XRP ETFs attracting over $660 million and Solana ETFs drawing approximately $620 million in net inflows since launch. CEO Jean-Marie Mognetti cited limited differentiation potential and constrained profit margins as the U.S. crypto ETP market consolidates around major institutions.
XRP
XRP-0.24%
6h ago
11-23
Bitcoin Down 30% From All-Time High, Analyst Eyes Potential Drop to $44,700
Bitcoin has fallen more than 30% from its all-time high in early October, briefly dropping below $81,000 on Friday before recovering approximately $5,000. Analyst Ali Martinez notes that historical pricing patterns over the past seven years suggest BTC could potentially decline to between $55,900 and $44,700. Exchange data show approximately 20,000 BTC were transferred to exchanges over the past week, while U.S. spot Bitcoin ETFs saw outflows exceeding $1.2 billion.
BTC
BTC-1.18%
11-23