Bitcoin

Chad

<ul class="news-points">
 <li><strong>The SEC’s acknowledgment of Hashdex Nasdaq Crypto Index US ETF highlights growing regulatory acceptance of crypto.</strong></li>
 <li><strong>Significant XRP demand for the ETF signals its rising importance, with 17M+ XRP needed per share.</strong></li>
 <li><strong>XRP shows potential for price reversal, with RSI at 40.30 and MACD below the signal line, indicating possible future gains.</strong></li>
</ul>
<p>The U.S. SEC has formally acknowledged the 19b-4 filing for the Hashdex Nasdaq Crypto Index ETF, as highlighted by Chad Steingraber. This ETF proposes to hold both spot Bitcoin and Ethereum, marking a significant development in the digital asset landscape.</p>
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   <p lang="en" dir="ltr">I told you it would be coming…<br><br>The Hashdex Nasdaq Crypto Index ETF –&gt; The SEC has acknowledged the 19b-4 filing!<a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRP</a> <a href="https://t.co/iJdRi5i2TE" target="_blank" rel="noopener noreferrer nofollow">https://t.co/iJdRi5i2TE</a> <a href="https://t.co/fk3uFzcz2Y" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/fk3uFzcz2Y</a></p>— Chad Steingraber (@ChadSteingraber) <a href="https://twitter.com/ChadSteingraber/status/1807808079032906010?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 1, 2024</a>
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<p>According to the filing, each share of the ETF would require 215.85405164 XRP. With 79,609.477 shares currently under the fund, this translates to a total XRP holding of 17,184,028.16. This substantial <a href="https://coinedition.com/xrp-ledger-a-new-frontier-for-precious-metals-tokenization/?utm_source=telegram_channel&amp;utm_medium=referral" rel="noopener noreferrer nofollow">XRP demand</a> per share underscores its growing importance in the crypto ecosystem. The net asset value (NAV) per share is $6,725.44, with XRP constituting 1.48% …</p>
<p>The post <a href="https://coinedition.com/xrp-demand-soars-as-hashdex-etf-requires-215-xrp-per-share/" rel="noopener noreferrer nofollow">XRP Demand Soars as Hashdex ETF Requires 215 XRP Per Share</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

XRP Demand Soars as Hashdex ETF Requires 215 XRP Per Share

Coin Edition

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