Ada price

The SEC has officially approved Bitwise’s 10 Crypto Index Fund to convert into a spot ETF. 🇺🇸 It will hold a mix of top assets: $BTC, $ETH, $XRP, $SOL, $ADA, $SUI, $LTC, $DOT, $LINK, $AVAX A new chapter begins. 🚀

This round is particularly optimistic about LTC, and the next seven reasons are why LTC is still worth holding for a long time. (See Wright 1000) 1. Sufficient accumulation at the monthly level: From a technical point of view, LTC has been fluctuating sideways in the bottom area for many years, and the monthly structure is very poised, and the performance after each similar pattern in history has been extremely explosive. 2. The valuation is low among the established mainstream coins: Not to mention BTC Ethereum, compared with DOGE, XRP and other contemporaries, LTC has not yet seen a substantial breakthrough in price, and the market capitalization ranking is seriously different from the historical influence, not to mention that the team is also doing things. 3. One of the few PoW coins: LTC still adheres to the PoW consensus and has clear mining cost support, making it a plus for BTC, with long-term security and strong censorship resistance. There are not many chains in the market that can be called "hard assets" today, and LTC is one of them. 4. High probability of ETF approval: LTC is one of the very few crypto assets that has been compliantly traded on multiple exchanges in the United States, with abundant liquidity and no compliance stains. 5. The most real payment scenarios have been implemented: LTC has already implemented mainnet lightning payments, supports many merchants and payment integration, and even PayPal supports its recharge and withdrawal, making it a crypto asset with a real "currency function", not just a "speculative tool". 6. Stable community and continuous active development: Although there is no hype or shouting, LTC's developer community is still steadily promoting protocol upgrades, including MimbleWimble privacy extension, Taproot integration, etc., and the basic technology is not lagging behind. 7. Late-stage outbreak players: LTC is a "post-hairstyle" player in most bull markets, and often breaks out after the rotation of mainstream coins, I absolutely believe it. When the market returns to fundamentals and revaluation of established value coins, LTC is likely to be the most undervalued value coin. I used to have serious prejudices against the old mainstream, such as ADA, DOGE, XRP, but these coins have repeatedly hit new highs, and I have to let go of my prejudices.

7.23行情分析 #btc #eth #sol #xrp #doge #ada

The post Bitwise Gets XRP ETF Approval from SEC, But Trading Halted appeared first on Coinpedia Fintech News The U.S. Securities and Exchange Commission (SEC) has approved the conversion of the Bitwise Crypto Index Fund into a full-fledged exchange-traded fund (ETF), marking a significant step for diversified crypto investments. But just as markets began to react, the ETF’s launch was suddenly delayed due to a regulatory stay, leaving investors frustrated and analysts questioning the move. An Altcoin-Friendly ETF—But on Hold The ETF, managed by Bitwise, is designed to track a basket of leading cryptocurrencies. According to documents filed with the SEC, its current allocations include Bitcoin (78.72%), Ethereum (11.10%), and XRP (4.97%). It also holds smaller portions of altcoins like Solana, Cardano, Chainlink, SUI, Avalanche, Polkadot, and Litecoin. Under SEC guidelines, at least 85% of ETF assets must be in cryptocurrencies already approved for exchange-traded products, mainly BTC and ETH. The remaining 15% can include other assets like XRP and SOL, which are not individually approved but included as part of the fund’s diversified approach. Bitwise plans to rebalance the ETF monthly, allowing investors to buy shares through mechanisms similar to those used in traditional stock ETFs. Why Did the SEC Pause the Bitwise XRP ETF Launch After Approval? Despite the official approval, the ETF has not gone live. The SEC has imposed a regulatory stay under Rule 431(e), essentially putting the launch on pause. This unexpected move has triggered criticism across the industry. Nate Geraci, president of The ETF Store, called the delay “bizarre” and argued that both Bitwise and other similar products like Grayscale’s Digital Large Cap Fund should be allowed to proceed. “This delay contradicts the very approval granted,” Geraci said on X. “Investor access to diversified crypto exposure is being unfairly held back.” While the ETF is stuck in limbo, altcoins are already seeing renewed interest. Over the past 30 days, Bitcoin’s dominance in the market has fallen from 65% to 60%, signaling a shift in sentiment. Investors appear to be rotating capital into altcoins, which are posting stronger returns. Also Read :   XRP Price Prediction For July 23   , Just in the past week: Ethereum jumped 26% Dogecoin soared 40% XRP gained 22% Cardano rose 23% Crypto analyst Kyle Chassé noted this trend on X, pointing out that altcoins are gaining momentum even without institutional vehicles like ETFs. He added that the Altcoin Season Index has climbed from 35 to 50, indicating a tilt toward altcoins—but not quite a full-blown altseason yet. Why This ETF Matters Now The Bitwise ETF could give investors easy exposure to high-potential altcoins like XRP and Solana right when the market is shifting in their favor. With Bitcoin consolidating just under $120,000, many traders are now looking for alternative growth opportunities, especially in Layer-1 tokens. Currently, the fund is only available over-the-counter. If the SEC lifts its stay, Bitwise can list the ETF on a national exchange, making it more accessible to retail and institutional investors alike. Until then, the fund remains in a strange spot: approved, but not active. Never Miss a Beat in the Crypto World! Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more. Subscribe to News FAQs Has the SEC approved the Bitwise XRP ETF? Yes, the U.S. Securities and Exchange Commission has approved Bitwise’s Crypto Index Fund to convert into an ETF, which includes XRP, Ethereum, and several other altcoins. However, the fund is not yet live due to a regulatory stay. Why is the Bitwise XRP ETF launch delayed after SEC approval? The ETF’s launch has been paused due to a regulatory stay imposed under SEC Rule 431(e). Although approved, the fund cannot begin trading until this stay is lifted, which has caused frustration among analysts and investors. Which cryptocurrencies are included in the Bitwise ETF? The ETF includes a mix of major and emerging assets: Bitcoin (78.72%) Ethereum (11.10%) XRP (4.97%) Plus exposure to Solana, Cardano, Chainlink, SUI, Avalanche, Polkadot, and Litecoin.

The "Speculation Only" Era in Crypto is Ending The revenue meta and the increased attention investors pay to tokens' value accrual mechanisms, are evidence to the fact that crypto markets are maturing. Up to this day, a lot of investments hinged on the fact that some "governance" token, often without any value accrual, being perpetually inflated, and ultimately resembling an unregulated form of equity with 0 enforceable share holder rights, happened to share the name with some piece of fancy tech that might (or might not) be relevant at some point in the future. Now, things are changing and that is good. Cryptographic tokens provide a great tool for builders of decentralized tech to raise funds efficiently in a digital world, and they are powerful tools to build community and incentivize product adoption along the way. But why would people buy these tokens? From an investor's perspective, tokens are (or should be) co-ownership of and exposure to internet-native business models with revenue and growth potential. Think about traditional markets, where rational (and successful) investors invest their money in companies that successfully manage to build strong business models and products around disruptive technologies. Companies with a business plan, revenue forecasts, and (ideally) aligned interests across founders and employees to grow the value of the company the equity represents ownership in long-term (often questionable in crypto). Which brings us back to Web3, and the fundamental investment cases that might or might not exist around many of our tokens. But don't get me wrong. I don't think speculating merely around narratives is a bad thing. It's a defining characteristic of our hyperfinancialized industry, and won't die out. If you manage to frontrun the shifting attention in this space successfully, short term narrative speculation will also continue to provide outsized returns. Also, in a complex (bull) market like we're in rn, there is always various forces at play concurrently. Corporates and equity-based investment SPVs will largely continue to buy the same majors that most of ETF flows will accrue to (BTC, ETH, maybe SOL and BNB). Retail will always buy the same ghost chain dino alts (ADA, XRP, LTC) and memes (DOGE), that they trust bc they've been around long enough, and that are actually accessible on CEXes and retail platforms. The onchain PvP in the trenches will always give rise to new runners that are detached from any fundamentals. But nevertheless, in the long-term, and solely speaking from a token & price action perspective, I do believe that the winners will be: - Tokens (whether infra or app layer) that credibly provide co-ownership and participation in upside (revenue) of strong internet-native business models that can include anything from spot & perp DEXes or lending protocols to proving markets, launchpads, compute networks, interoperability infra, and more. What matters is that the tokenomics are solid (not perpetually dilutive), and that clear value accrual mechanisms exist. - Native tokens of execution layers that already do or potentially will power multi-billion dollar economies, and that have strong organic demand as ecosystem exposure proxies and utility asset within the surrounding DeFi ecosystem, while often also being leveraged to secure the network (becoming productive via staking rewards). If also incorporating economic participation akin to what I outlined above and sustainable tokenomics, even better. Why? Because outside of our little crypto-native degen bubble here, where almost anything that is onchain can quickly be worth a few hundred millions in FDV, there is little interest in investing in abstract promises of relevance in the future at sky high valuations. Sophisticated investors that enter our space will want to understand the business models and investment cases of what they bet their money on, and see a path to sustainable growth + value accrual. Meanwhile (and as outlined before) most retail will stick to whats accessible, preferring memes and the dinos dinos they know, over fancy/complex tech. To make things worse, in recent years, VCs have also increasingly managed to completely monopolize value capture from pre-seed rounds to public launches at 9-10 fig launch valuations, creating an often predatory and extractive setup for retail and open market investors more broadly. Something that, especially in the absence of justifying fundamentals, and given a finite amount of capital/liquidity to be allocated in the market, is definitely not sustainable in the long-term. I have previously talked about these issues (e.g. in my Celestia piece), and will revisit this again more broadly another day. But for today, let's keep the focus here on the investment/business cases around our magic internet money tokens, not the (admittedly also relevant) distribution. Because the former is definitely something you should keep in mind when placing your bets. In the long-term, only a fraction of all the tokens in a market that sees new tokens launch almost daily, will survive the relentless battle for relevance, investor attention, and liquidity. I believe the ones that do, will largely be the ones that have actually sustainable tokenomics and functioning business models that their tokens allow investors to participate in. Because while in a world where instead of companies, we invest in protocols, algorithms and DAOs, a lot of things are new and different, don't be fooled into believing that the fundamental principles of investing don't apply at all. Especially as the market matures, while becoming increasingly saturated and competitive, both successfully launching a token as a builder, and winning as an investor, becomes more difficult. Understanding market dynamics and investor rationales, but also being able to distinguish between narrative-driven speculation and fundamentals-driven investing in internet-native business models, is hence absolutely key. DYOR anons.