Push Protocol presyoPUSH

$ETH - A good example why taking profits is important and why buying every dip doesn't always work. Minus one entry all of these buys offered great chances to take profits (I didn't). I thought conditions would push us back to utility (It didn't). Never marry your bags.

The situation regarding cryptocurrency ETF approvals in the United States appears to be shifting, as XRP may gain an advantage while Solana experiences a decline in its presence in the U.S. market. According to data from Kaiko Research , XRP’s share of spot trading volume on U.S. exchanges has risen to its highest level since before the SEC’s 2021 lawsuit, which had led to widespread delistings of the token. This recovery in the U.S. market activity comes at a critical time as incoming SEC Chair Paul Atkins prepares to take office following his Senate confirmation last week. Atkins, a former Commissioner, faces several deadlines for crypto-related ETF applications that could push digital asset decisions to the forefront of his agenda. Meanwhile, Solana has witnessed a steady decline in its U.S. market share, falling to 16%, a significant drop from the 25-30% range it maintained throughout 2022. This contrasting trajectory between XRP and SOL could prove consequential as the SEC evaluates pending ETF applications for both assets. Market depth metrics further strengthen XRP’s position relative to other altcoin contenders. XRP and SOL currently boast the highest average 1% market depth on Kaiko Indices vetted exchanges, with Cardano’s ADA placing third. Notably, XRP’s market depth has surged since late 2024, overtaking Sol and doubling ADA. Related: Canada’s SOL ETF Launches April 16: How Might Price Move April 15? XRP’s path to ETF approval differs from Bitcoin’s journey. While BTC’s approval was largely driven by Grayscale’s successful legal challenge, XRP lacks an active futures market. Additionally, its trading volume remains heavily concentrated offshore despite recent improvements in U.S. market share. However, the recent approval of a 2x leveraged XRP ETF from Teucrium may have created a precedent that benefits spot XRP ETF applications. Since this leveraged product relies on European ETPs and swap agreements to deliver twice the daily returns of XRP, it becomes increasingly difficult for regulators to argue that a spot product presents greater risks to investors. May 22 represents a critical date for the XRP ETF narrative, as the SEC must respond to Grayscale’s XRP spot filing by then. This deadline could provide the first major indication of how the new Atkins-led SEC will approach cryptocurrency ETF applications beyond Bitcoin and Ethereum.The changing competitive scene between XRP and SOL in U.S. markets comes as Canada prepares to launch the world’s first spot Solana ETFs. According to Bloomberg analyst Eric Balchunas, the Ontario Securities Commission has granted approval to several issuers, including Purpose, Evolve, CI, and 3iQ, to trade Solana ETFs. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Opinion: If the United States buys 1 million BTC, it may push the price to $1 million Zach Shapiro, policy director of the Bitcoin Policy Institute (BPI), said: "If the United States announces the purchase of one million bitcoins, it will cause a global shock, the price of bitcoin will soar, and it may soon rise to about one million US dollars." BPI Executive Director Matthew Pines pointed out that if Trump wants to fulfill his promise to become a Bitcoin superpower, it ultimately depends on how much Bitcoin the United States owns, which will measure the extent to which Trump has fulfilled this verbal goal. (Cointelegraph)

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