As of the article’s preparation, the payment date for FTX creditors with claims exceeding $50,000 has largely been clarified. Payments are expected to begin on April 11. However, a significant portion of creditors with claims below $50,000 received their refunds today, despite BTC remaining below $94,000. The Bitwise XRP ETF process is ongoing.
XRP Coin ETF
While Bloomberg experts favor LTC for this year’s altcoin ETF approval, the process for XRP Coin is also continuing. In approximately 8 hours, both Elon Musk and Trump will be on screen. Furthermore, the Fed’s minutes will be disclosed in 24 hours, and investors are anxious about the upcoming PCE data at the end of the month.
Despite these negative factors, companies focusing on long-term goals continue to advance their altcoin ETF processes. The Bitwise XRP ETF has applied to be listed on the Cboe BZX Exchange with the SEC. The institution has begun reviewing the application and will make its initial decision within 45 to 90 days. ETF applications are concluded within 240 days from the initial submission date, meaning that by November, we will see results from at least one application for many altcoins.
