Latest news with #cryptoETF
Yahoo
4 days ago
- Business
- Yahoo
Can Ripple (XRP) Reach $4 by December?
Key Points XRP is having a great year and looks poised for more growth. Its lawsuit with the SEC is over, and XRP ETF approval could happen in October. This cryptocurrency still has a long way to go to hit $4. 10 stocks we like better than XRP › Several big cryptocurrencies have gone on bull runs in 2025, but XRP (CRYPTO: XRP) has been the best performer so far. It's up more than 40% on the year, more than any of the other top 10 coins. XRP has also passed a price of $3 multiple times this year, a level it hadn't reached since a brief period in January 2018. The next significant milestone would be $4, about a 22% increase from XRP's current price of $3.28 (as of Aug. 12). Is that a realistic target for the end of the year? Let's look at what could help XRP take off during the last five months of 2025. No more legal issues with the SEC Ripple, the issuer of XRP, spent nearly five years locked in a legal battle with the Securities and Exchange Commission (SEC). The SEC filed a lawsuit against Ripple in 2020, alleging that the initial sale of XRP was an unregistered securities offering. Most of the major crypto exchanges subsequently delisted XRP, making it much more difficult to buy. Invest in Gold Thor Metals Group: Best Overall Gold IRA Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase American Hartford Gold: #1 Precious Metals Dealer in the Nation Last week, Ripple and the SEC agreed to dismiss their appeals. A 2023 ruling by a New York federal judge is now final, and Ripple will pay $125 million in fines, much less than the $2 billion the SEC was seeking. The end of the lawsuit is great news for Ripple because it no longer needs to spend time and money fighting the SEC in court. The crypto market reacted quickly, with XRP's price initially surging more than 10%. But that initial surge may be the only impact we see here. Since the U.S. elected Donald Trump as president amid promises of a more crypto-friendly regulatory environment, investors have been expecting a conclusion to the SEC's lawsuit against Ripple. XRP's value has skyrocketed since the presidential election largely for that reason. While the lawsuit ending is still a big deal, it probably won't continue to move the needle price-wise for XRP. Potential spot ETF approval in October A development that could move the needle for XRP is approval of exchange-traded funds that invest in it and sponsor ETFs. The SEC approved Bitcoin and Ethereum ETFs last year. Several asset managers, including Grayscale, Bitwise, and 21Shares, have submitted applications for XRP ETFs. The SEC is reviewing these applications and it has set approval deadlines between Oct. 18 and Oct. 25 for all of them. Polymarket puts the odds of XRP ETF approval this year at 84%. That seems fair, considering the SEC has already approved ETFs for the two largest cryptocurrencies and isn't involved in a lawsuit with Ripple anymore. Cryptocurrency ETFs are important because they're regulated and accessible to hedge funds, banks, and other institutional investors. Bitcoin ETFs and Ethereum ETFs have seen inflows of about $54 billion and $10 billion, respectively, since they started trading, demonstrating the kind of impact this can have. ETF approval is a growth catalyst that could push XRP past $4. However, it wouldn't necessarily happen overnight -- Ethereum's price didn't move much after ETF approval, and it only recently started seeing heavy inflows. There's also the possibility that the SEC doesn't approve XRP ETFs, which would be a serious headwind. $4 may be out of reach this year for XRP XRP is hot right now, and to its credit, it's not just some meme coin that briefly caught fire. It has a legitimate use case, facilitating transactions on Ripple's cross-border payment network. However, many financial institutions only use the Ripple payment network and not XRP, one of the potential problems with it as an investment. It could continue to grow, especially if Ripple is able to find more ways to integrate XRP into the payment services it offers. That said, I think the most likely scenario during the rest of this year is that XRP doesn't hit $4 or even a new all-time high (currently $3.84 on Jan. 4, 2018). Much of the good news surrounding XRP is already priced in, and other cryptocurrencies are starting to take the spotlight. Case in point, in July it was Ethereum, and not XRP, that delivered the highest returns among the top coins. If you're optimistic about Ripple's payments technology and XRP's role in that, then a small investment is reasonable. Just keep in mind that XRP is extremely volatile. It may or may not reach $4 by December, but as long as you're a long-term investor, what really matters is where XRP ends up during the rest of the decade. Should you buy stock in XRP right now? Before you buy stock in XRP, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and XRP wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $660,783!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,122,682!* Now, it's worth noting Stock Advisor's total average return is 1,069% — a market-crushing outperformance compared to 184% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025 Lyle Daly has positions in Bitcoin and Ethereum. The Motley Fool has positions in and recommends Bitcoin, Ethereum, and XRP. The Motley Fool has a disclosure policy. Can Ripple (XRP) Reach $4 by December? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-07-2025
- Business
- Yahoo
Trump Media Unveils $400M Buyback, Eyes Crypto ETF Expansion
Trump Media & Technology Group Corp (NASDAQ:DJT) is one of the stocks that Donald Trump owns. On June 23, 2025, Trump Media & Tech (NASDAQ:DJT) announced a share buyback plan of up to $400 million, around 9.9% of shares outstanding. The move sent shares up ~2.6% in early trading, though year-to-date, DJT remains down roughly 45%. In June 2025, Trump Media also announced plans to launch a Bitcoin and Ethereum ETF, which aims to capitalize on the crypto boom and extend the Truth Social brand into financial products. Christopher Halloran / The fund would hold 75% Bitcoin and 25% Ethereum, with tapped as the crypto custodian and trade execution partner. Trump Media & Technology Group (NASDAQ:DJT) is the publicly traded parent company of Truth Social, launched via a SPAC merger with Digital World Acquisition Corp in March 2024. While we acknowledge the potential of DJT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CTV News
08-07-2025
- Business
- CTV News
Trump Media files for ‘Crypto Blue Chip ETF' with SEC
U.S. President Donald Trump continues to expand his crypto-related offerings, this time with a planned exchange-traded fund tied to the prices of five popular cryptocurrencies. Trump Media & Technology Group, a Florida company that operates the Truth Social media platform, announced Tuesday it had filed paperwork with the Securities and Exchange Commission for approval to launch the 'Crypto Blue Chip ETF' later this year. The proposed ETF would have 70 per cent of its holdings in bitcoin, the world's most popular cryptocurrency, 15 per cent in ethereum, the second-most popular, and 8 per cent in solana, a cryptocurrency popular in the meme coin community. The fund would hold 5 per cent in the cryptocurrency developed by the company Ripple and 2 per cent in the crypto created by the exchange which will act as the ETF's digital custodian. Trump Media previously announced plans for a crypto ETF with just bitcoin and ethereum. It's unclear if the company plans to move forward with that ETF offering. Trump Media did not immediately return a request for comment. Cryptocurrency-based ETFs make it easier for investors to gain exposure to cryptocurrencies without having to buy them directly. These funds have exploded in popularity since bitcoin ETFs began trading in U.S. markets last year. The SEC released new guidelines last week for crypto ETF issuers as part of the Trump administration's push to create a more welcoming regulatory environment for crypto-related companies. The agency has also dropped or paused several enforcement actions against crypto companies since Trump took office. Trump was once a bitcoin skeptic who has since warmly embraced the cryptocurrency industry, which has showered him with campaign and other types of contributions. Ripple, for example, was one of the biggest donors to Trump's inaugural committee. While the Trump administration has pushed for crypto-friendly regulations and laws, the Trump family has aggressively sought to expand its crypto-related businesses. That dynamic has led to allegations of corruption from Democrats and concern among some crypto enthusiasts that the president may be undermining their efforts to establish credibility and stability for the industry. At a news conference last month, Trump dismissed any notion that his family's investments were improper and touted his administration's efforts to make the U.S. the world capital for crypto. 'If we didn't have it, China would,' Trump said. --- Alan Suderman, The Associated Press
Al Arabiya
08-07-2025
- Business
- Al Arabiya
Trump Media Files for 'Crypto Blue Chip ETF' With SEC
President Donald Trump continues to expand his crypto-related offerings, this time with a planned exchange-traded fund tied to the prices of five popular cryptocurrencies. Trump Media & Technology Group, a Florida company that operates the Truth Social media platform, announced Tuesday it had filed paperwork with the Securities and Exchange Commission for approval to launch the Crypto Blue Chip ETF later this year. The proposed ETF would have 70 percent of its holdings in bitcoin, the world's most popular cryptocurrency, 15 percent in ethereum, the second-most popular, and 8 percent in solana, a cryptocurrency popular in the meme coin community. The fund would hold 5 percent in the cryptocurrency developed by the company Ripple and 2 percent in the crypto created by the exchange which will act as the ETF's digital custodian. Trump Media previously announced plans for a crypto ETF with just bitcoin and ethereum. It's unclear if the company plans to move forward with that ETF offering. Trump Media did not immediately return a request for comment. Cryptocurrency-based ETFs make it easier for investors to gain exposure to cryptocurrencies without having to buy them directly. These funds have exploded in popularity since bitcoin ETFs began trading in US markets last year. The SEC released new guidelines last week for crypto ETF issuers as part of the Trump administration's push to create a more welcoming regulatory environment for crypto-related companies. The agency has also dropped or paused several enforcement actions against crypto companies since Trump took office. Trump was once a bitcoin skeptic who has since warmly embraced the cryptocurrency industry, which has showered him with campaign and other types of contributions. Ripple, for example, was one of the biggest donors to Trump's inaugural committee. While the Trump administration has pushed for crypto-friendly regulations and laws, the Trump family has aggressively sought to expand its crypto-related businesses. That dynamic has led to allegations of corruption from Democrats and concern among some crypto enthusiasts that the president may be undermining their efforts to establish credibility and stability for the industry. At a news conference last month, Trump dismissed any notion that his family's investments were improper and touted his administration's efforts to make the US the world capital for crypto. 'If we didn't have it, China would,' Trump said.
Yahoo
04-07-2025
- Business
- Yahoo
Crypto ETF BLOX, Which Offers Digital Asset Exposure and Options Income, Gains Steam
A recently launched crypto ETF in the U.S., which offers diversified exposure to digital assets along with options income, is gaining traction in a sign that investors are looking beyond traditional, single-spot-focused products. The Nicholas Crypto Income ETF (BLOX), an actively managed ETF designed for diversified exposure to the digital assets ecosystem while generating additional income via options strategies, went live on the NYSE on June 17. The ETF is the latest addition to the XFUNDS by Nicholas Wealth suite. Since then, the ETF has registered a net inflow of around $4.52 million, according to data source VettaFi. BLOX's website puts the total net assets at $4.9 million. "The options income space is almost becoming its own asset class," David Nicholas, CEO of XFUNDs, told CoinDesk in an interview, adding that the fund is drawing interest from yield-hungry retail investors. The fund, launched in partnership with Tidal Investments LLC, comprises of an equity sleeve that invests in publicly listed shares of crypto-related firms and companies holding digital assets on their balance sheets. The second sleeve of the fund offers exposure to select bitcoin and ether exchange-traded funds, with the flexibility to expand exposure to other digital assets through potential regulated vehicles. As of Thursday, the fund's top 10 holdings included names such as BlackRock's spot Ethereum ETF, Coinbase, Nvidia, MARA, Core Scientific, and others. The unique mix of holdings ensures that the performance isn't entirely dependent on bitcoin's (BTC) price. "We own about 11 businesses, and we have high conviction that they will benefit from Bitcoin or Ether appreciation, but they aren't crypto assets themselves. So, you gain exposure to both cryptocurrency and publicly traded companies with earnings and growth. We think that combination inside the fund is pretty unique," Nicholas said. Finally, there is an options sleeve that generates income. The fund writes call/put spreads on the crypto sleeve while selectively writing covered calls or put spreads on its equity holdings. Writing an option is akin to selling insurance against bullish or bearish price moves in return for an upfront premium, which represents the income of the writer (seller). Writing put spreads against holdings allows the fund to collect premiums as the assets appreciate, providing additional income alongside the gains from the underlying holdings. BLOX trades options tied to the spot ETFs, including those linked to BlackRock's spot bitcoin ETF, IBIT. For instance, shares in Coinbase, one of the ETF's top 10 holdings, rose over 14% in the last week of June. The fund's three-sleeved structure means it likely captured the full rally alongside income through put spreads. The same can be said with respect to Core Scientific, which recently rose 15%. "That's what's great about put spreads—there's no cap. A put spread is a long, bullish options position," Nicholas said. The income from options and dividends on stock holdings is distributed to subscribers every week. Note that crypto holders have been writing put spreads and higher-strike calls on the offshore derivatives giant Deribit for some time. These yield-generation strategies are quite popular in the equity markets. When asked about the growing interest in ETFs tied to major altcoins such as Solana's SOL (SOL), XRP (XRP) and others, Nicholas said they will accommodate the new ones as and when they become available. "Once the SEC approves others—like Solana, which has a pending ETF—we can file an amendment and add them to our fund. So we wouldn't need a new ETF. Since we see this as a broad crypto exposure fund, we'd just edit the existing structure to include new assets," Nicholas told in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
