Grayscale files for conversion of XRP Trust to a Spot ETF with the NYSE

On Jan. 30, NYSE Arca, a New York Stock Exchange subsidiary, filed the paperwork to transform Grayscale’s $16.1 million XRP Trust into a spot exchange-traded fund (ETF). According to the filing, Coinbase Custody Trust Company, LLC will act as the official custodian, while BNY Mellon Asset Servicing takes charge of administration and transfer duties. This … Read more

Norway Indirectly Holds 3,821 BTC, According to K33 Research

The country’s giant sovereign wealth fund holds over $500 million in Microstrategy shares and similar stakes in other bitcoin-focused companies such as Coinbase. Norwegian Pension Fund Increases Its Bitcoin Exposure by 153% The $1.8 trillion Norwegian Government Pension Fund Global (GPFG) increased its indirect bitcoin (BTC) exposure by 153% in 2024, according to crypto research … Read more

The Rise of Memecoins: DOGWIFHAT vs PEPETO

Every crypto enthusiast or investor understands how volatile the cryptocurrency market can be. However, the crypto market is currently going through a period of volatility. Despite established players like DOGWIFHAT showing signs of recovery, a new memecoin, PEPETO, has captured the attention of investors and potentially shaken up the crypto market. A New Memecoin: PEPETO … Read more

Coinbase Derivatives Files For Solana Futures With CFTC

Coinbase Derivatives, LLC has submitted a self-certification to the Commodity Futures Trading Commission (CFTC) for the listing of Solana (SOL) futures contracts, set to begin trading on February 18, 2025. The filing, dated January 30, 2025, outlines the specifications of the new contract, which will be a USD-settled index future with a contract size of … Read more

Dogecoin’s Future Uncertain as Open Interest Drops and Market Confidence Wanes

Dogecoin’s recent trading patterns reveal a significant withdrawal from the market, emphasizing investor caution amid fluctuating prices. As the cryptocurrency landscape evolves, market participants are becoming increasingly selective, impacting Dogecoin’s short-term stability. According to insights from COINOTAG, “The current bearish sentiment could hinder Dogecoin’s recovery unless decisive bullish signals emerge soon.” Dogecoin faces a critical … Read more