Legend of Arcadia narxARCA

🚨 Important Update from Bitget 🚨 Bitget is delisting 7 spot trading pairs on April 23, 2025, at 10:00 UTC 📆. Here's what you need to know: Delisted Trading Pairs: $GMEE /USDT 🚫: Removed from spot trading bots 🤖 - $ARCA /USDT 🚫: Removed from spot trading bots 🤖 - $DAOT /USDT 🚫 - $NUUM /USDT 🚫: Removed from spot trading bots 🤖 - $SPARKLET /USDT 🚫 - $SKR /USDT 🚫 - $AARK /USDT 🚫 *Important Dates:* - Delisting Date: April 23, 2025, 10:00 UTC ⏰ - Withdrawal Deadline: July 23, 2025, 10:00 UTC ⏰ - Deposit Services: Suspended immediately 🚫 Action Required: - Cancel or close any pending orders for the delisted pairs 📝 - Terminate bots with active trading pairs to avoid potential losses 💸 - Make necessary fund arrangements before the withdrawal deadline 📊 Stay ahead of the game and take action! 💪

SEC Delays WisdomTree and VanEck Spot Bitcoin and Ethereum ETF Physical Trading Decision Until June 3 The U.S. Securities and Exchange Commission (SEC) has postponed its decision on physical subscriptions and redemptions for WisdomTree and VanEck’s spot Bitcoin and Ethereum ETFs until June 3, 2025. Physical subscriptions involve the direct exchange of underlying assets, such as Bitcoin and Ethereum, rather than cash. NYSE Arca and Cboe BZX are the exchanges involved in these proposals. (The Defiant)

The SEC extended the review period for three proposed rule changes: NYSE Arca’s proposal to allow ether staking for the Grayscale Ethereum Trust ETFs, and Cboe BZX’s proposals to permit in-kind creations and redemptions for the WisdomTree Bitcoin Fund and the VanEck Bitcoin and

Teucrium’s 2X Long Daily XRP ETF made its trading debut on NYSE Arca, pulling in $5 million in volume on launch day alone. The product, which is structured to double XRP’s daily price movement, stood out sharply in a slow-moving market where most ETFs struggle to get attention. This debut didn’t just slide in quietly. Bloomberg Senior ETF Analyst Eric Balchunas said the fund’s volume lands it comfortably in the top 5% of all new ETFs ever launched. That’s no small feat for any product, especially one linked to a digital asset still tangled up in the long shadow of regulatory uncertainty. $XXRP (2x XRP ETF) saw $5mil in volume on Day One, very respectable, esp considering the mkt conditions. That puts it in approx top 5% of new ETF launches, and about 4x what the 2x Solana ETF $SOLT did (altho both 200x less than King IBIT). pic.twitter.com/u3QQq5yuHv — Eric Balchunas (@EricBalchunas) April 8, 2025 The timing is far from random. Ripple’s courtroom drama with the U.S. Securities and Exchange Commission is nearing a conclusion, and there’s a growing lineup of traditional finance giants aiming to get in on the XRP action. Institutions are clearly warming up. Compared to its peers, the ETF’s launch was something of a thunderclap. The Solana 2X ETF (SOLT), which hit the market earlier, barely made a splash in comparison. It drew in roughly one-quarter of XRP’s opening volume. That gap points to investors’ rising appetite to bet on XRP’s next big move. However, it wasn’t all roses. Balchunas offered perspective, saying that while XRP’s numbers are strong, “it pales compared to BlackRock iShares Bitcoin Trust ( IBIT ),” which had a debut volume crossing $1 billion. In other words, XRP is punching above its weight—but still in a different ring than the heavyweights like Bitcoin. Teucrium is charging a 1.85% management fee on the fund. It’s meant for quick trades, not long-term holders, and comes with warnings baked in—namely, XRP’s price swings and usage volatility, which could shake returns. While the Teucrium fund leads the way, for now, the ETF pipeline for XRP is growing thick. Franklin Templeton, managing $1.5 trillion in assets, filed recently for a spot XRP ETF on Cboe. They join a list that includes WisdomTree, Bitwise, 21Shares, Canary Capital, and Grayscale. That’s a big wall of Wall Street names trying to get a slice of the action. Grayscale’s proposal goes a step further. They’re looking to convert their XRP Trust into a full-blown ETF via the NYSE. With Ripple dropping its cross-appeal against the SEC, the road looks clearer, though not yet fully paved. Brazil has already moved forward. Hashdex’s XRP ETF was approved by regulators there and now trades on the B3 exchange. The market reacted fast—XRP shot up 6% on that news, a strong sign that investor optimism is reaching beyond U.S. borders.

In related news, Teucrium Investment Advisors announced the launch of a 2X leveraged XRP ETF on NYSE Arca on April 8. As the name suggests, the fund will move up to 2x correlation with the $XRP token and is aimed at short-term and day traders. $XRP $BTC $ETH $SOL $PI $BGB $DOGE $BNB