Several significant events have occurred in the crypto world over the past 24 hours, including updates on the XRP ETF, predictions from Peter Schiff, and court news regarding Ripple.
New Key Date for XRP Holders
According to an updated ProShares filing, the launch date for the futures-based XRP ETF has been set for April 30. This indicates that the product is ready for launch, though it does not guarantee trading will commence on that specific date. The ETF will be based on XRP futures contracts and swap agreements rather than direct investments in the token. This move is seen as a significant step toward a spot-based XRP ETF.
Sell All Your Bitcoin: Peter Schiff Makes a Prediction
Peter Schiff, a financial commentator known for predicting the 2008 market crash, has urged his followers to sell all their Bitcoin, calling it 'the best trade you can make right now.' He believes investors should focus on gold and silver mining stocks. This advice comes as gold reaches an all-time high, while Bitcoin has dropped 0.71%.
Court Pauses Appeal in Ripple Case
The U.S. Court of Appeals has temporarily paused appeal proceedings in the Ripple case. Judge José A. Cabranes granted the joint motion made by both the SEC and Ripple. The SEC must submit a status report within two months, and further court actions will be on hold until the pause is lifted. Despite positive developments for Ripple, XRP's price fell amid a broader market correction.
In conclusion, significant events in the crypto world could heavily influence future trends and investor decisions.
