Purpose Investments will launch Canada’s first spot XRP exchange-traded fund (ETF) on the Toronto Stock Exchange on June 18, offering investors regulated exposure to XRP in both CAD and USD. XRP ETF by Purpose Receives Green Light, Trading Set to Begin June 18 Purpose Investments Inc. has secured final approval from Canadian regulators to launch […] Source
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Key Notes ARK Invest has sold off $51.8 million worth of Circle shares across three of its ETFs. This comes after the firm purchased $373 million worth of Circle shares on its first day of trading on the NYSE. The Cathie Wood firm took its first profit since its exposure to the shares after a massive rally. Cathie Wood‘s ARK Invest has sold off a sizeable portion of its Circle (CRCL) share holdings. This asset management firm trimmed $51.8 million worth of these shares amidst an extension in the stock…
Cathie Wood’s ARK Invest trimmed its holdings on its sizable Circle (CRCL) position Monday, selling $51.8 million worth of shares, as the stablecoin issuer’s stock extended its rally. ARK sold a total of 342,658 shares across three of its actively managed exchange-traded funds (ETFs), according to a daily email. The ARK Innovation ETF (ARKK) offloaded 196,367 shares, ARKW sold 92,310 and ARKF trimmed 53,981. Circle, the issuer of the USDC stablecoin, rose 13% on the day, closing Monday in New York at $151.06. It has gained every day but two…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Alle reden vom gebrochenen Bitcoin-Zyklus – aber was, wenn das GAR NICHT stimmt? Superzyklus? Crash? Oder einfach alles nur Panikmache? In diesem Video analysieren wir den Bitcoin-Preis wie noch nie zuvor: 📊 Mit Visualisierungen, PowerLaw-Modell, und einem Blick auf alle vergangenen Zyklen – und was sie uns über den aktuellen Markt verraten. 👉 Spoiler: Der Preis ist GENAU da, wo er laut Modell sein sollte. Was Analysten übersehen, zeigen wir dir hier – schwarz auf weiß. 🔥 Nicht verpassen – jetzt anschauen!…
Purpose Investments has received regulatory approval to launch a spot XRP exchange-traded fund (ETF) in Canada, with trading scheduled to begin on June 18 on the Toronto Stock Exchange (TSX). The fund, listed under the ticker XRPP, will provide direct exposure to XRP through a regulated investment vehicle. The Ontario Securities Commission (OSC) granted the final prospectus receipt for the fund, Purpose announced Monday. The ETF will offer units in CAD-hedged, CAD non-hedged, and USD formats, and will be eligible for registered investment accounts such as TFSAs and RRSPs. XRP…
The Australian regulator has opened a broad inquiry into the country’s primary stock exchange, the Australian Securities Exchange (ASX) group, specifically for “governance, capability and risk management frameworks and practices across the group.” Concerns Over ASX’s Operational Ability Announced today (Monday), the Australian Securities and Investments Commission (ASIC) has partnered with the Reserve Bank of Australia (RBA) to investigate the stock exchange amid concerns over its “ability to maintain stable, secure and resilient critical market infrastructure.” Meanwhile, the revelation of the broad inquiry also impacted the exchange’s publicly listed stock…
Matthew Sigel, VanEck’s head of digital assets research, is urging companies with Bitcoin treasuries to adopt stricter capital management practices as their stocks approach net asset value. In a X post on June 16, Sigel warned that continued share issuance near net asset value could harm shareholders rather than benefit them. NAV refers to the net value of a company’s entire Bitcoin (BTC) holdings is divided by the total number of outstanding. It helps investors understand how much Bitcoin backs each share. A company may issue shares and use the…
Key Notes Following its Bitcoin milestone, Metaplanet’s stock price reached 1,896 JPY and marking a staggering 425% YTD gain. As Metaplanet works in its “555 Million plan”, analysts are predicting a 5x rally in the US-listed entity MTPLF. The firm has announced a revised goal of 30,000 BTC by year-end, and 210,000 Bitcoins, equivalent to 1% of the total BTC supply, by 2027. Metaplanet stock registered a massive 24% upside on the Tokyo Stock Exchange on June 16, as soon as the Japanese firm announced acquiring 1112 Bitcoin BTC $107…
Public companies buying up Bitcoin should consider sunsetting the tactic altogether if their stock prices drastically drop, according to a VanEck executive who warns that a major Bitcoin-scooping firm is close to being caught out. “As some of these companies raise capital through large at-the-market (ATM) programs to buy BTC, a risk is emerging: If the stock trades at or near NAV [net asset value], continued equity issuance can dilute rather than create value,” VanEck’s head of digital assets research, Matthew Sigel, said in an X post on Monday. He…