Recent updates indicate that FTX creditors with claims exceeding $50,000 are poised to receive payments starting April 11. Meanwhile, those with smaller claims have already received their refunds, despite Bitcoin‘s value remaining under $94,000. The ongoing process for the Bitwise XRP ETF continues to attract attention from the crypto community.
What’s Happening with the XRP Coin ETF?
The application process for the XRP Coin ETF remains active, even as some market analysts show preference for Litecoin in the current year’s altcoin ETF considerations. Notably, high-profile figures such as Elon Musk and Donald Trump are scheduled to appear in a broadcast soon, contributing to an anticipation-filled atmosphere. Additionally, the Federal Reserve’s forthcoming minutes are expected to influence market sentiment, particularly with the PCE data release on the horizon.
Will the Bitwise ETF Move Forward?
In spite of the prevailing market challenges, firms committed to long-term objectives are diligently pursuing their ETF submissions. Bitwise has sought to list its XRP ETF on the Cboe BZX Exchange, with the SEC currently assessing the application. A preliminary decision should arrive within 45 to 90 days, while the entire evaluation process can take up to 240 days, suggesting that results for various altcoin applications may emerge by November.
- FTX creditors can expect payment disbursement starting April 11.
- Refunds for smaller claimants have already begun.
- The XRP Coin ETF application process is ongoing, with the SEC reviewing Bitwise’s submission.
- Initial decisions on ETF applications are anticipated within 45 to 90 days.
- Market influencers like Musk and Trump may impact crypto sentiment.
With crucial developments on the horizon, the crypto landscape is bracing for significant outcomes from both the FTX creditor payments and the XRP ETF applications. The forthcoming months are likely to bring clarity and potentially reshape market dynamics as these processes unfold.
