Amid the developments around the XRP ETF, excitement has increased in the Ripple community. Ripple is currently trading below the all-time high and if the momentum keeps up, we can see a new high in XRP charts. However, in the short term, the target of $10 is a little too ambitious. WE342
Meanwhile, investors’ interest in memecoins has increased significantly due to their exponential return capabilities. However, memecoins running on hype do not always give fruitful returns; at the same time, there are memecoins like Cutoshi, which have real-world utilities. Cutoshi is built on the Ethereum network and has seen huge demand from ETH and XRP whales.
WisdomTree Joins XRP ETF Race
WisdomTree, overseeing around $113 billion in assets, has taken a key step toward launching an XRP exchange-traded fund (ETF) by failing to establish a trusted entity in Delaware. This filing marks an early move in the ETF approval process, laying the groundwork for a formal application to the SEC. The company joins others like Bitwise, Canary Capital and 21Shares in the race to introduce XRP ETFs in the U.S.
The regulatory landscape for cryptocurrency in the U.S. shows signs of change after Donald Trump’s victory in the 2024 presidential election. While the SEC has not approved any XRP ETF applications, Ripple’s partial legal win in July 2023 boosted market optimism. WisdomTree’s filing highlights growing confidence in XRP’s regulatory prospects.
Ethereum-Bitcoin Mixed Products To Launch To Market
Bitwise Asset Management recently submitted a proposal to the SEC for a Bitcoin-Ethereum-based spot ETF. This follows the approval and launch of their Bitcoin ETF options last week. Bitcoin and Ethereum constitute more than 70% of the total crypto market, with a valuation of approximately $2.2 trillion. The planned fund aims to assist investors in incorporating these major cryptocurrencies into their investment portfolios.
Last week can be considered a week for spot ETFs, which saw their highest ever inflows. More than $515 million was directed towards ETF investments focused on Ethereum. This alone has the iShares Ethereum Trust of BlackRock recording a $287 million net inflow, showing that big corporations are seriously considering cryptocurrency.
Cutoshi Is The Leader Memefi Coin Set For Explosive Growth
Cutoshi, an ERC-20 cryptocurrency inspired by Satoshi Nakamoto’s core economic freedom, security and privacy principles, brings a fresh twist to meme coins with a meaningful DeFi angle. In just weeks, it has raised over $1.1 million across three presale stages and is now over 83% sold out, signaling strong support from meme lovers and serious investors.
The project aims to build a unique DeFi ecosystem with standout features like a multichain DEX platform. This DEX allows users to swap crypto assets across blockchains, tackling interoperability challenges. Other features, such as staking and farming, reward participants more.
The Cutoshi Academy helps users deepen their knowledge of DeFi and crypto market trends. Through its farming protocol, the token rewards active community members who complete quests.
Each CUTO token costs $0.0259, which is highly undervalued, analyzing the coin’s fundamentals.
Cutoshi has launched a $2,000 meme contest to add to the buzz. Participants can create shareable memes, tag @CutoshiToken on X and use the hashtag #CutoshiMeme to join. The contest runs until December 4, allowing creators to win $CUTO tokens.
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