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Canary XRP ETFs have a potential launch on November 13th
The first pure spot XRP ETF can be just around the corner, Canary Capital files an updated S-1.
- Update key. Canary Funds has filed an updated S-1 with the SEC for its proposed XRP ETF.
Exchange-traded fund Canary Funds has filed an updated S-1 (a key registration document with the SEC) for the XRP ETF. In this update, the publisher removed something called a “delay patch”. This essentially means that the filing will automatically become effective after 20 days.
The countdown ends on November 13, so that’s the day the product will automatically launch after months of anticipation.
- Background. XRP ETF was recently listed by Depository Trust & Clearing Corporation (DTCC).
If Nasdaq approves the Form 8-A, which is the filing that makes the product’s shares tradable, the ETF will officially launch. However, the date may change if the SEC ends up adding additional comments. Last month, as reported by U.Today, the ETF was listed by the Depository Trust & Clearing Corporation (DTCC).
Michael Saylor reacts to the fall in the price of Bitcoin with a token contribution
CEO strategy keeps the faith in Bitcoin when a new selling cycle occurs.
- Update key. Michael Saylor covered the recent fall in the price of Bitcoin (BTC).
Strategy CEO Michael Saylor shares his perspective on the recent fall in the price of Bitcoin (BTC). His comments sparked reactions in the crypto community, with many supporting his stance.
The post includes a dramatic photo of him sitting at a chessboard with carved pieces, an hourglass ticking next to him. This visual suggests a calculated, long-term game, symbolizing strategy, and the hourglass indicates time-sensitive movements in BTC price.
- Market background. His report alludes to the ongoing “battle” for Bitcoin’s bull market.
His comments also hint at a battle for the continuity of the BTC bull market despite the continued decline in prices. In addition, the “battle” likely represents an ongoing struggle between Bitcoin and traditional financial systems, including fiat currencies and market makers.
Cardano records death cross as whales yield 100 million ADA
Cardano he finished deadly cross as the sell-off worsened in a volatile Thursday session that saw nearly $1.13 billion in leveraged futures liquidations.
- Price update. Cardano extended its decline for the fourth straight day since hitting a weekly high of $0.693.
Cardano, the 10th largest cryptocurrency, has extended its decline since the start of the week and is now entering its fourth day of decline from Monday’s high of $0.693.
Amid the decline, Cardano completed a death cross on its short-term charts, specifically the hourly chart. The hourly MA 50 fell below the hourly MA 200 and completed the “death cross” on the hourly chart of Cardano USD, reflecting short-term selling pressure.
According to Ali, a crypto analyst, large holders of Cardano have profited in the past three days as the price has fallen, with whales selling 100 million ADA in 72 hours.
