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CBOE Files For Staking In Fidelity’s Ethereum ETF

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1 month ago

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After nearly a year since its launch, Fidelity’s Ethereum ETF could feature staking capabilities for investors following a fresh SEC filing. Cboe BZX Exchange is seeking to amend the wording in a move that could see investors earn additional rewards from staking activities.

Fresh Filing To Include Staking In Fidelity’s Ethereum ETF

Cboe BZX Exchange has filed a proposal with the US Securities and Exchange Commission (SEC) to amend the Fidelity Ethereum ETF. According to the filing, the move seeks to introduce ETH staking in the fund, allowing investors to reap additional rewards.

A community reading of the documents reveals that Cboe BZX is seeking the elimination of a clause that specifically bars staking in the ETH. Under the new proposal, Cboe BZX Exchange wants the SEC to approve staking functionalities under certain guidelines.

“The Sponsor may stake, or cause to be staked, all or a portion of the Trust’s ether through one or more trusted staking providers,” read the filing.

Cboe says the application for staking has statutory backing and will ultimately assist the Trust “to better track the returns associated with holding ether.” Ethereum introduced staking in 2022 following its transition from a Proof-of-Work to a Proof-of-Stake consensus mechanism.

Proposed Rules For ETH Staking

According to the 18-page filing document, the ETF’s sponsor pledges to maintain sufficient liquidity for redemption purposes. The document confirms a pledge that the staking activities will not violate the SEC’s standing rules on securities avoiding commingling of funds.

The sponsor will stake ETH to preserve the Trust’s assets and to “generate returns for shareholders. Per the document, the custodian will control private keys for the withdrawal address.

The SEC has 45 days to respond to the proposal with enthusiasts saying that the new forward-thinking approach by the securities watchdog may result in an approval. The recent dismissal of the Kraken case and declaration that memecoins are not securities indicate a changing stance by the SEC.

Ethereum price did not react to the news with the largest altcoin roiling at well under $2,000. Despite whale activity heating up, an Ethereum falling to $1,000 remains a grim possibility.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Ethereum ETFs Record $32M Weekly Outflow; ETH Price Crash To $1.1K Imminent?

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4 hours ago

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April 18, 2025

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The ETH price’s bearish sentiment since January 2025 has taken a toll on investor confidence, with Ethereum ETFs witnessing significant outflows. As ETH’s value continues to plummet, investors increasingly withdraw their funds. With Ethereum exchange-traded funds recording a massive $32 million in weekly outflows, analysts caution against a potential downtrend.

As Ethereum lingers below the $2,000 mark for weeks, market experts and traders are bracing for a potential further decline to $1,100. Let’s dive deeper into the reasons behind the significant outflows from Ethereum ETFs and its potential impact on ETH price.

Ethereum ETFs Record $32M Weekly Outflows: What’s Happening?

According to SoSoValue, Ethereum ETFs experienced increasing outflows over the past week, driven by the overarching negative market trend. Last week, the ETFs saw a total net outflow of $32.17 million, pushing the month’s outflows to $170.99 million.

In addition, the Ethereum exchange-traded funds experienced an unusual day of neutral flows yesterday, with neither net inflows nor outflows reported. Analyst Ali Martinez shed light on the increasing whale activity over the past week. According to his X post, ETH whales have offloaded 143,000 tokens last week. 

Significantly, this negative sentiment could be attributed to the ETH price’s bearish trend which began in January. Ethereum, which stood high-headed above $3,500 at the onset of 2025, started plummeting to reach a severe low of $1,500 in April. This steady downtrend has caused a stir in the market, with traders showing less interest towards the altcoin.

Is ETH Price Poised for a Crash?

Growing pessimism surrounding Ethereum ETFs has led analysts to warn the community that ETH’s price may extend its downward trajectory. For instance, analyst Altcoin Gordon shared a bearish forecast for ETH price, predicting that the token would further drop to $1,100. However, as per CoinGape’s Ethereum price prediction, ETH could destabilize around a minimum of $1,588 in 2025.

As of press time, ETH is valued at $1,592, down by a marginal 0.20% in a day. Despite a 2.3% surge over the past seven days, ETH has seen a massive dip of 21% in a month. This negative vibe is also reflected on the traders’ sentiment, with the 24-hour trading volume decreasing by 23% to reach $10.5 billion.

Significantly, the Ethereum transaction fees’ recent crash to a five-year low has also contributed to the overall bearish sentiment.

Ethereum Bulls Remain Optimistic

Despite these bearish predictions and negative Ethereum ETF trend, bulls remain optimistic about the ETH price. Analysts like Crypto Rover and CryptoGoos shared their bullish outlooks on Ethereum, invoking investors’ enthusiasm.

Ethereum ETFs Record $32M Weekly Outflow; ETH Price Crash To $1.1K Imminent?Ethereum ETFs Record $32M Weekly Outflow; ETH Price Crash To $1.1K Imminent?

According to CryptoGoos, ETH is expected to repeat history to surge beyond $2,800 in the near future. Meanwhile, market expert Crypto Rover projected the ETH price’s potential journey to an ambitious $10,000. However, it needs to be seen whether ETH can break through its current resistance levels and achieve these lofty targets.

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Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Ripple CEO Brad Garlinghouse Drives XRP’s Global Expansion; Know How

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7 hours ago

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April 18, 2025

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Ripple CEO Brad Garlinghouse has been instrumental in shaping the narrative and future of XRP. According to All Things XRP, Garlinghouse is steering XRP towards a monumental breakthrough, driven by its unparalleled potential to revolutionize global payments. The CEO’s vision for Ripple’s token is centered on real-world utility, scalability, efficiency, and other unique capabilities – positioning it for unprecedented growth and adoption.

In a series of X posts, the expert referred to Brad Garlinghouse’s influential statements on XRP. Acknowledging his powerful words, the expert highlighted their significant impact on the token’s establishment as a top contender in the crypto space.

How Ripple CEO Aids XRP’s Growth? Expert Insights

According to All Things XRP, Ripple CEO Brad Garlinghouse is spearheading XRP’s increased adoption and expansion. Garlinghouse’s multiple posts and comments on the crypto’s potential have significantly influenced its global recognition.

Let’s explore Brad Garlinghouse’s words that boosted Ripple coin’s growth over the past few years, despite the prolonged Ripple vs SEC lawsuit and other regulatory hurdles.

Garlinghouse Acknowledges Ripple Coin’s Use Cases

Notably, the Ripple CEO highlighted XRP’s use cases in global payments. He also underscored the token’s potential to solve a multi-trillion-dollar problem.

According to Garlinghouse, the Ripple coin’s purpose-built design enables fast, efficient, and low-cost transactions, making it an attractive solution for high-volume payment corridors. Its speed, efficiency, and low cost position the Ripple token as a leading contender in the digital asset space. He cited, “If we continue to drive the success we’re driving, we’re driving a massive demand for XRP because we’re solving a multi-trillion dollar problem.”

What is XRP’s Advantage?

Interestingly, XRP remains unique in the vast crypto space with its key features. Being 1000 times faster and less expensive than the pioneering cryptocurrency Bitcoin, the token solidifies its position as a key player in the crypto market. This makes it an ideal solution for high-volume payment corridors. The Ripple CEO stated,

XRP was built by engineers who saw Bitcoin’s flaws, especially scalability. XRP is 1,000 times faster.

In addition, the crypto is decentralized, functional, and independent. This means that the token’s existence and performance are not dependent on Ripple. “If Ripple as a company went away, XRP would continue to trade,” noted Brad Garlinghouse.

Furthermore, the Ripple token has achieved regulatory clarity, with global regulators recognizing it as not being a security. It is noteworthy that Ripple’s coin is one of the first cryptocurrencies to be concluded as a non-security. This provides a clear path forward for its growth and adoption.

Brad Garlinghouse Remains Transparent

As pointed out by the expert, Garlinghouse remains transparent about Ripple’s business model. It relies on selling XRP to generate revenue and achieve profitability.  Garlinghouse admitted, “We would not be profitable or cash flow positive without selling our XRP holdings.”

Garlinghouse has also predicted that Ripple’s token will be included in the US crypto reserve.

XRP’s Future Prospects and CEO’s Personal Stance

Significantly, the Ripple CEO remains optimistic about XRP’s future and ETF launch. While all the nine Ripple ETFs have gained the SEC’s recognition, experts believe that they will be approved before December 2025. According to him, “It’s just inevitable that [XRP] will be offered through an exchange-traded fund.”

Further, he emphasized the role of Ripple’s token in the multichain world, while also advocating for fairness across chains. He has also revealed his personal crypto holdings that include XRP, BTC, and ETH.

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Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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DOGE Price To Hit $1?

Published

9 hours ago

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April 18, 2025

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The DOGE price is relatively seen stable over the past few hours, currently trading above the crucial $0.15 mark. Though Dogecoin has recovered from the last week’s downtrend, the meme coin has failed to show significant movements over the past 24 hours.

However, analysts and exerts remain confident about Dogecoin’s future trends. Market experts like STEPH IS CRYPTO believe that the meme coin will hit $1 in the near future.

Dogecoin Price To Hit $1; Know More

Over the past few days, DOGE has been showing a negative trend, with its price slipping to a low of $0.1515 from a weekly high of $0.1685. Though Dogecoin’s price recently broke the $0.154 mark, it’s been steady over the past day with no significant fluctuations.

Amidst this stagnant market, analyst STEPH IS CRYPTO predicted DOGE’s potential rally to the significant $1. Identifying a key support level, the analyst suggested the meme coin is poised for a bullish reversal now that it has broken past this support. The analyst shared an X post in which he wrote, “$DOGE will teleport to $1.00.”

In his previous X post, STEPH IS CRYPTO forecasted Dogecoin’s potential resurgence to $2, sparking traders’ enthusiasm. As of press time, Dogecoin is valued at $0.1548, marking a marginal dip of 1.5%. Over the past week and month, the meme coin experienced declines of 1.3% and 7.5%, respectively.

What is Dogecoin’s 93-Day Bull Run?

According to crypto analyst Trader Tardigrade, Dogecoin is set for a 93-day bull run. Historical data indicates that Dogecoin’s price action tends to cycle through a pattern of 159 days of bearish trend, followed by a 93-day period of bullish momentum.

Expert Hints At 93-Day Dogecoin Bull Run: DOGE Price To Hit $1?Expert Hints At 93-Day Dogecoin Bull Run: DOGE Price To Hit $1?
Source: X, Trader Tardigrade

With current market conditions showing signs of consolidation, traders are eyeing a potential breakout. If historical trends repeat, Dogecoin could see significant gains over the next 93 days.

Institutional Interest Grows: What Does It Mean for DOGE Price?

Significantly, DOGE is now considered as a feasible method of payment by many Wall Street firms like Tesla, AMC Theatres, and Newegg. Asset manager 21Shares attributes this increased adoption of Dogecoin to its fast block processing time and low transaction fees, making it an attractive option for small payments and tipping.

Interestingly, this growing acceptance of Dogecoin as a payment method has sparked optimism about the meme coin’s potential price impact. As more institutions adopt DOGE, increased demand could drive its value to new heights. According to CoinGape’s Dogecoin price prediction, the meme coin could reach up to $0.1824687 in 2025.

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Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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