TL;DR Grayscale’s Cardano ETF filing boosts confidence, with analysts eyeing targets of over $3 for ADA’s valuation if approved. Whales have accumulated 1.4 billion ADA since November 2023, reducing supply and potentially contributing to a 110% price increase since then. Where Next for ADA? Cardano’s native token is among the very few leading altcoins charting…
Big things are happening in crypto! StealthEX and CryptoDaily bring you the hottest updates every week. We keep it simple, fast, and clear. No fluff—just the key events you need to know. Want to stay ahead? We’ve got you covered with the latest trends and insights. Let’s dive in! Illinois Pushes Forward with Bold Plan…
StealthEX and CryptoDaily bring you the biggest crypto news every week. No jargon, no fluff—just the key updates you need. Markets shift, trends emerge, and major moves happen fast. We break it all down so you stay ahead. Want the latest insights? Let’s jump in! Illinois Moves to Create State Bitcoin Reserve, Joining National Trend…
Bitwise Asset Management has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) for a new exchange-traded fund (ETF) based on its existing 10 Crypto Index Fund. The ETF would include ten leading cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, Cardano (ADA), Avalanche (AVAX), Chainlink (LINK), Bitcoin Cash (BCH), Polkadot (DOT), and…
South Korea is forming a 15-member public-private committee to address issues in the virtual asset market and explore cryptocurrency legislation. The committee will include government officials and representatives from the legal profession, academia, and the virtual asset industry. One of its key roles will be to evaluate South Korea’s plans for spot cryptocurrency ETFs and…
On Oct. 8, ETF issuer Canary Capital filed with the US Securities and Exchange Commission for an exchange-traded product for Ripple’s XRP. It is the second filing for an XRP-based fund in a fortnight, following Bitwise’s application for the Bitwise XRP ETF trust on Sept. 30. The firm stated that the product would track XRP’s…
ProShares has launched two new exchange-traded funds (ETFs) aimed at investors seeking leveraged and inverse exposures to Ether, the cryptocurrency native to the Ethereum blockchain. The new ETFs are the ProShares Ultra Ether ETF (ETHT) and ProShares UltraShort Ether ETF (ETHD). The ETHT seeks to deliver twice (2x) the daily return of Ether, providing investors…
Ripple (XRP) and Bitcoin Cash’s (BCH) underperformance in the crypto market suggests that holders of the respective crypto tokens are better off considering other coins, especially if they intend to make maximum gains in this bull run. ETFSwap (ETFS) has stood out as a viable option for these investors since they could make up to…