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The US Securities and Exchange Commission (SEC) has approved the first hybrid Bitcoin and Ethereum index exchange-traded funds (ETFs) from Franklin Templeton and Hashdex, set to launch in January 2025. These ETFs will hold spot BTC and ETH in an 80:20 ratio, with potential for future inclusion of other cryptocurrencies pending regulatory approval. The approval reflects the SEC's alignment with the Exchange Act's criteria, emphasizing investor safeguards against fraud and manipulation.
The SEC has approved the first spot Bitcoin and Ethereum combo ETFs from Hashdex and Franklin Templeton, set to launch in January with an 80/20 allocation favoring Bitcoin. This marks a significant step in the U.S. crypto ETF market, which has seen substantial inflows, particularly in Bitcoin ETFs. Speculation continues around potential future approvals for Solana and XRP ETFs, though analysts suggest Litecoin and Hedera may come first due to regulatory clarity.
Litecoin's price surged 30% in a month, reaching $129.50, fueled by miners accumulating $18 million worth of LTC. This aggressive accumulation has tightened supply and bolstered bullish sentiment, positioning Litecoin for a potential breakout above $135, with analysts eyeing a run toward $150. However, risks remain, as failure to maintain levels above $126 could lead to a retracement.
A popular crypto analyst warns that Aave (AAVE) may face a pullback as social sentiment rises, with the token currently priced at $384.85. Meanwhile, Litecoin (LTC) is deemed irrelevant due to its stagnant performance since 2017, trading at $123.07. The analyst also notes potential volatility for Ondo Finance (ONDO), which is up nearly 11% at $1.96, amid increased exchange inflows.
FXGuys is emerging as a leader in the DeFi space, offering innovative features like the $FXG token, staking rewards, and a Trader Funding Program that attract traders seeking alternatives to traditional tokens like Chainlink and Litecoin. Its Trade2Earn initiative and robust ecosystem provide real incentives for active participation, positioning FXGuys as a compelling choice for both retail and institutional investors. As the market evolves, FXGuys is setting new standards for utility and engagement in decentralized finance.
An investor turned a $3,000 investment in PEPE tokens into $73 million, achieving a remarkable ROI of 24,656x. The asset has surged 1,737% year-to-date, with whale activity increasing significantly, as wallets holding between $1 million and $10 million saw a 119% rise in holdings. Analysts remain bullish, predicting further price increases as PEPE approaches key resistance levels.
Chainlink and Litecoin are showing signs of recovery amid a broader market downturn, with Chainlink rebounding to $22.87 and expected to reach $25 soon. Litecoin is also poised for a 15% rebound, aiming to reclaim $130 as bullish indicators emerge. Both tokens are gaining traction as selling pressure diminishes.
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