The U.S. Securities and Exchange Commission (SEC) has approved the first-ever XRP futures ETF, launched by ProShares. This ETF is expected to go live on April 30th, 2025. While it’s not a spot ETF — which tracks the actual price of XRP — it’s still a huge step forward for XRP’s recognition on Wall Street.
The ETF approval comes just a few years after Ripple, the company behind XRP, was locked in a long legal battle with the SEC. Now, XRP is moving from courtrooms to trading floors, joining the ranks of Bitcoin and Ethereum, which already have both futures and spot ETFs.
Some investors were unsure at first, asking, “Why futures and not spot?” But futures ETFs are often the first step. This was the path for Bitcoin and Ethereum, and experts believe a spot XRP ETF could be next. Futures trading allows big institutional investors to take positions on XRP, whether the market goes up or down — a common and healthy part of mature financial markets.
BREAKING: SEC Approves an $XRP ETF — and It’s HUGE
No, it’s not a Spot ETF yet. It’s a Futures ETF — but don’t underestimate what this means.
Here’s the breakdown:
Wall Street attention: Big players have a way to trade XRP. Mainstream legitimacy: XRP is officially… pic.twitter.com/AWHTBjijeR
Experts called the approval a game-changer, pointing out that this move gives major players a way to legally and securely trade XRP. And the good news doesn’t stop there. In Brazil, the XRP H11 ETF has just launched on the country’s main stock exchange, making it the first XRP-focused ETF in the world. This global momentum suggests XRP is no longer being left behind.
Just a few years ago, XRP was under heavy legal scrutiny. Now, it’s being listed on international exchanges, with regulated investment products opening the door for more adoption.
From being targeted by regulators to becoming a favorite of institutional investors — XRP is clearly turning the page.
Binance recently conducted a survey of its Asia-based users on the topic of security, and the results were encouraging. Over 80% of these users employ 2FA, and 73% double-check their transfers.
The poll concluded that user education is the most effective way to take advantage of growing security enthusiasm. Exchange-led scam simulations may be a potential solution to make anti-fraud knowledge accessible.
Binance was very clear that increasing 2FA (two-factor authentication) usage is unambiguously good. Still, there are a few key holes in the community’s preferences.
Most of the other important user-end security practices have very low rates of adoption, which Binance blames on insufficient awareness. It described a few measures to foster security education:
“As the industry evolves, so do the tactics of bad actors. We’re investing heavily in localized anti-scam education that is practical, accessible, and tailored to users’ real needs. We’re also working closely with regulators and law enforcement… to better protect user assets,” claimed Jimmy Su, Binance’s Chief Security Officer.
This education question touches on several different topics. For one thing, most of Binance’s Asian users claimed that existing security guides are “too technical and difficult to understand.”
However, they’re ready to learn. Over 60% said they would participate in anti-scam simulations, especially if this was gamified or paired with rewards.
The survey also noted a key data point in an age-old debate: whether or not to self-custody assets. Binance reported that its users have a growing expectation that exchanges actively manage security.
Meanwhile, 62.5% believe that CEXs are responsible for intercepting high-risk transactions in real time, and more than half would “immediately” contact an exchange over scam attempts.
Still, as with the firm’s previous surveys, it’s important to remember the participants’ demographics. Binance only questioned Asian users on their security preferences, and it identified regional variations even within this sample. For example, depending on the respondent’s location, they may give four different answers to the question, “What platform spreads the most scams?”
In other words, Binance or other firms may need to conduct follow-up polls over a wider net to corroborate this security data. In this isolated form, though, the Asian user data is still very useful.
Hopefully, it can help craft beneficial anti-fraud policy and educational resources for a global audience.
BloFin strengthens its position as a global leader in futures trading liquidity and slippage control, outperforming mid-tier competitors and matching the performance of top-tier exchanges.
BloFin Exchange has achieved a significant milestone in future market performance, establishing itself as a top-tier competitor in both liquidity and trade execution quality.
According to the latest official data collected via API monitoring from June 16 to June 19, 2025, BloFin’s futures market depth and slippage performance position the exchange alongside long-established industry leaders such as Binance, OKX, and Bybit, further solidifying its reputation among global futures market participants.
Tier-1 Futures Liquidity Achieved, with a Top-Two Global Ranking Across Depth Metrics
In cumulative futures depth at both the 0.1% and 0.05% price deviation levels, BloFin ranked firmly among the top three global exchanges. Its liquidity performance not only outpaced all mid-tier platforms but also closely matched or exceeded several tier-1 competitors.
At the 0.1% depth level, BloFin secured the second position in overall futures liquidity with a total cumulative depth of 92.6 million, surpassing OKX and coming in just behind Binance.
At the 0.05% depth level, BloFin maintained a strong second-place ranking with a cumulative depth of 46.1 million, outperforming both OKX and Binance under tighter market conditions.
These results demonstrate BloFin’s consistent capacity to support high-volume, low-slippage trading activity for institutional participants and large-volume retail users.
Whale-Grade Slippage Control Delivers Execution Quality on Par with Leading Exchanges
In addition to liquidity depth, BloFin exhibited robust trade execution metrics under stress-tested conditions. The exchange delivered highly competitive slippage rates for both BTC and ETH futures, alongside a wide range of over 15 actively traded altcoins, including SOL, XRP, DOGE, PEPE, ADA, and TRUMP.
BloFin’s slippage performance for major assets under two levels of simulated stress remained in line with top-tier platforms, confirming the exchange’s ability to maintain price stability and execution efficiency in volatile or high-demand trading environments. Notably, BloFin also offered lower slippages for trending, volatile altcoins — an area where many mid-tier competitors face significant execution gaps.
A New Global Contender Reshaping the Futures Trading Landscape
BloFin’s performance in this report affirms its standing as a rising leader in the global futures market. By delivering futures market depth and slippage control on par with tier-1 exchanges, BloFin strengthens its appeal to whales, institutional traders, and high-frequency participants seeking deep liquidity and reliable trade execution across both dominant and emerging digital assets.
As the exchange continues its expansion into key global markets and strategic event sponsorships, this achievement further enhances BloFin’s credibility as a serious futures market contender.
About BloFin
BloFin is a top-tier cryptocurrency exchange that specializes in futures trading. The platform offers 480+ USDT-M perpetual pairs, Coin-Margined Perpetual Contracts, spot trading, copy trading, API access, unified account management, and advanced sub-account solutions. Committed to security and compliance, BloFin integrates Fireblocks and Chainalysis to ensure robust asset protection. By partnering with top affiliates, BloFin delivers scalable trading solutions, efficient fund management, and enhanced flexibility for professional traders. As the constant sponsor of TOKEN2049, BloFin continues to expand its global presence, reinforcing its position as the place “WHERE WHALES ARE MAD
Cardano has seen a notable price increase in recent days, reflecting broader market improvements. The altcoin is currently trading at $0.79, marking a 17% gain over the past three days.
Alongside favorable market conditions, bullish signals from the network itself indicate that Cardano’s price could be on the path to recovery of the 40% losses it sustained in March.
Are Cardano Investors Noting An Opportunity?
The MVRV Long/Short Difference for Cardano is currently sitting at -89%. This indicates that long-term holders (LTHs) are facing near-zero profits, with some even experiencing losses. On the other hand, short-term holders (STHs) of less than a month are seeing profits.
This oscillating indicator reaches extreme negative values near the end of the bear cycle, as when STHs begin to sell, new investors typically step in to absorb the selling pressure.
This dynamic can help keep the price afloat and even push it higher, maintaining positive momentum. The shift could play a pivotal role in recovering from the recent losses.
Bullish technical indicators support Cardano’s macro momentum. The Moving Average Convergence Divergence (MACD) shows that bullish momentum is strengthening.
The rising green bars on the histogram suggest that the market is experiencing positive momentum, and the possibility of a bearish crossover is still distant.
Cardano is currently trading at $0.78, a 17% increase over the last three days, bringing it closer to the $0.80 resistance. This recent rally offers another opportunity for Cardano’s price to recover the 40% losses it experienced earlier in March.
If positive momentum continues, Cardano could break through key resistance levels and target higher price points.
A complete recovery would likely require Cardano to reach $1.13, but this could take more time. For now, the realistic target is to flip the $0.85 resistance into support.
If successful, this would lock in the recent gains and set ADA up for further growth towards $0.99, positioning it for a sustained recovery.
However, if Cardano fails to maintain its growth and drops below $0.74, the altcoin could enter a period of consolidation. In this scenario, the price would likely fluctuate between $0.74 and $0.66, invalidating the current bullish outlook.
BREAKING: SEC Approves an $XRP ETF — and It’s HUGE
Wall Street attention: Big players have a way to trade XRP.
