Category: News

Bitcoin ETFs continued their inflow streak on Wednesday, raking in over $900 million in fresh capital. 

However, despite the bullish ETF demand, Bitcoin’s open interest has dipped, and its funding rates have flipped negative, a sign that short-term market sentiment may be shifting. 

Bitcoin ETFs Stay Hot

BTC spot ETFs continued to draw investor interest on Wednesday, extending their inflow streak with another $916.91 million in net inflows. 

This marked the fourth consecutive day of inflows, highlighting the growing institutional appetite for BTC exposure, especially as the coin’s price attempts to stabilize above the $90,000 level.

On Wednesday, BlackRock’s ETF IBIT recorded the largest daily net inflow, totaling $643.16 million, bringing its total cumulative net inflows to $40.63 billion.

Ark Invest and 21Shares’ ETF ARKB followed in second place with a net inflow of $129.50 million. The ETF’s total historical net inflows now stand at $3 billion.

Traders Exit Bitcoin Positions as Market Sentiment Turns Cautious

Trading activity across the crypto market has dipped over the past 24 hours, with the total market capitalization shedding $18 billion during the period. 

This pullback has contributed to a modest 1% decline in BTC’s price. The drop in momentum is evident in the coin’s falling futures open interest, which signals reduced trading participation. At press time, BTC’s futures open interest is at $64.54 billion, plunging by 5% in the past day.

When an asset’s price and open interest plummet like this, it signals that traders are closing out positions rather than opening new ones. This combination reflects weak conviction and a potential trend reversal or deeper correction in the BTC market.

Further, BTC’s funding rate has flipped negative once again, indicating that short traders have regained dominance and are now paying to maintain their positions. At press time, this is at -0.0053%. 

When BTC’s funding rate is negative, short sellers are paying long holders to keep their positions open. This indicates that bearish sentiment dominates the market and suggests that traders expect the coin’s price to decline soon.

Moreover, today’s high demand for puts in the BTC options market supports this bearish outlook. According to Deribit, BTC’s put-to-call ratio is currently at 1.36.

This indicates that more put options are traded than calls, suggesting a bearish bias among options traders. The ratio reflects growing expectations of downward price movement.

The post Institutional Inflows vs. Retail Retreat: Who’s Driving Bitcoin Now? | ETF News appeared first on BeInCrypto.

Kraken, one of the largest crypto exchanges in the United States, has officially listed BNB, the native token of the BNB Chain ecosystem developed by Binance. 

This move has captured the attention of the crypto community. Still, it is also seen as a strategic turning point, potentially paving the way for a wave of BNB listings on other US exchanges like Coinbase, Gemini, and more.

Legal Landscape: From Barriers to Opportunities

US exchanges sidelined BNB for a long time due to legal concerns surrounding Binance, its parent company. In 2023, the US Securities and Exchange Commission (SEC) filed a lawsuit against Binance, alleging the issuance of unregistered securities, including BNB.

This legal scrutiny made many exchanges hesitant to list the token due to potential regulatory risks.

However, a turning point came in late 2024 when Binance settled with US authorities. The exchange agreed to pay a $4.3 billion fine and implement stricter compliance reforms. This resolution largely cleared the “legal hurdle” for BNB, potentially influencing Kraken’s decision to list the token.

Regulatory Clarity Boosts Altcoins

Kraken’s listing of BNB may not be an isolated event. It reflects a broader shift in the regulatory environment for cryptocurrencies in the United States. In January 2024, the SEC approved a series of spot Bitcoin ETFs—a milestone hailed as a “historic moment” that legitimized Bitcoin and other digital assets in the eyes of institutional investors.

As regulators establish clearer frameworks for digital assets, the US market is gradually opening up to altcoins, including BNB.

With positive developments under President Donald Trump’s administration following his inauguration, this could be an opportune moment for other exchanges to reassess their stance on BNB.

BNB Chain and Its DeFi Potential

Beyond being a native token, BNB powers one of the fastest-growing blockchain ecosystems—BNB Chain. According to BNB Chain’s weekly ecosystem report, in the first week of April 2025 alone, the network recorded over 3.3 million daily active users.

The total transaction value surpassed $7.1 billion. Major DeFi, GameFi, and AI projects are thriving on this platform.

Moreover, BNB Chain is implementing notable technical advancements in its 2025 roadmap. They plan to reduce block processing times to under 1 second, enabling gasless transactions and integrating artificial intelligence (AI) into decentralized applications (dApps). These factors make BNB a strategic asset for exchanges, attracting DeFi users.

Kraken’s decision to list BNB could trigger a domino effect across the industry. It signals that US exchanges may begin to recognize BNB as a legitimate and high-potential asset. This also reflects a shift in the strategy of US exchanges—from a defensive stance against legal risks to a proactive approach to leveraging the potential of the Web3 ecosystem.

The post Kraken Lists BNB: A Sign of Changing Regulatory Winds in the US? appeared first on BeInCrypto.

Crypto AI agents coins are gaining fresh momentum as the sector shows signs of recovery. ARC, VIRTUAL, and TRAC are three standout tokens leading the narrative into the end of April.

ARC and VIRTUAL have posted explosive gains in the past 24 hours, while TRAC remains steady with more modest growth but strong fundamentals. With technical indicators like golden crosses appearing across all three charts, these tokens are worth watching closely in the coming days.

AI Rig Complex (ARC)

ARC has seen extreme volatility in recent months, crashing 91% between February 11 and April 11 amid a broader correction in crypto AI agent tokens.

However, the token has staged a sharp rebound, climbing nearly 66% in the past week and soaring 44.5% in just the last 24 hours.

ARC is the project behind Rig, an open-source framework designed to help developers build portable, modular, and lightweight artificial intelligence agents.

Technically, ARC is showing early signs of a potential trend reversal. A golden cross formed on its EMA lines yesterday, and another could be on the way.

If the bullish momentum continues, ARC could test the $0.071 resistance and possibly extend to $0.083. On the flip side, if the recent strength fades, support levels at $0.048 and $0.043 will be key.

A breakdown below those levels could open the door for a retest of $0.034.

Virtuals Protocol (VIRTUAL)

VIRTUAL remains one of the most prominent tokens in the crypto AI agent space, often seen as a leading indicator for the sector.

At its peak, the project reached a staggering market cap of nearly $5 billion, though it has since retraced significantly to $521 million.

Despite the decline, VIRTUAL is showing signs of renewed strength, jumping 49% over the last seven days and gaining 40% in the past 24 hours alone—suggesting that interest in AI-driven crypto tokens may be making a comeback.

From a technical perspective, VIRTUAL’s EMA lines have formed consecutive golden crosses since yesterday, pointing to growing bullish momentum.

If it can break through the $0.84 resistance level, the next target would be $0.97. Should market sentiment continue to improve and hype around crypto AI agents return, a move toward $1.22 is possible—marking its first time above $1 since early March.

However, if the current uptrend falters, key support lies at $0.79. A break below this could send VIRTUAL down to $0.64, or even as low as $0.517 in a deeper pullback.

OriginTrail (TRAC)

TRAC, OriginTrail’s native token, powers a decentralized ecosystem that aims to build a trusted knowledge infrastructure for artificial intelligence.

Its goal is to enable a Verifiable Web for decentralized artificial intelligence applications. While TRAC experienced a 32% correction between March 26 and April 7, it held up better than many other crypto AI agent tokens.

In line with that resilience, TRAC is up 7.4% over the last seven days — the smallest gain among major AI tokens, yet still positive.

Technically, TRAC’s EMA lines have just formed golden crosses, hinting at the early stages of an uptrend.

If momentum continues, TRAC could test resistance at $0.448, and a breakout there could send it toward $0.492 and potentially $0.54.

On the downside, traders are keeping a close eye on the $0.377 support level. Failure to hold that zone could trigger a drop to $0.35 and, in a deeper correction, possibly down to $0.317.

The post 3 Crypto AI Agents Tokens To Watch For The End of April appeared first on BeInCrypto.

Paul Atkins, the newly appointed Chair of the SEC, is going to make a public appearance at the next Crypto Roundtable. This meeting concerning crypto custody will take place on Friday.

At his swearing-in ceremony, Atkins described his key priority as providing regulatory clarity for digital assets. In practice, this might mean more institutional products based on cryptocurrencies, wider adoption, and greater flexibility for US-based projects.

Atkins to Speak at the Crypto Roundtable

Starting today, Paul Atkins officially started his role as the SEC Chair and pledged to take a “principled approach” to crypto regulation.

He was an early advisor for RSR and holds over $6 million in crypto exposure, and he seems committed to the industry. On Friday, Atkins will speak at the next Crypto Roundtable, potentially giving new insight into his vision.

“Paul Atkins is set to speak on Friday at the SEC’s Roundtable on crypto trading — his first public remarks on digital assets since becoming Chair,” Eleanor Terrett claimed.

The Crypto Roundtable discussions have been going on since late March, and this one will give Atkins the chance to describe his priorities.

This discussion will largely concern crypto custody, which may limit the scope of his answers, but it may signal his willingness to appear more regularly.

Regardless of what Atkins says at the Roundtable, the crypto community has a pretty good idea of his biggest concerns. For example, the Ripple vs SEC suit is almost resolved, but a final settlement needs his official approval.

The Commission will also need to decide on 72 altcoin ETF proposals, which will likely give Atkins plenty to do.

As far as a specific vision goes, it’s hard to say how he might distinguish himself. Trump’s Presidency has imposed a clear outlook on crypto regulation: a laissez-faire approach. Any pick for the office will likely align with these values.

A New Look for the SEC

In his acceptance speech, Atkins discussed the SEC’s “waywardness” under Gary Gensler, “keeping [ing] politics out of securities laws,” and his desire to make the US a global crypto capital. These have all been clear priorities for crypto regulation under Trump.

However, Atkins’ commitment to this approach has also engendered a little apprehension from investors. He previously served as the SEC Chair in the lead-up to the 2008 financial crash, resigning shortly beforehand.

Over the next few years, he vocally opposed regulations constructed in the aftermath. Atkins also blamed the US government for the FTX collapse. Some parts of the community worry that he’ll be too hands-off with bad actors.

Ultimately, Friday’s Crypto Roundtable will be the first of Atkins’ many industry-related actions. Regardless of his personal beliefs, the SEC has a few pressing issues that it needs to resolve.

The securities debate is still at large, and it remains to be seen whether the commission completely abandons crypto enforcement or takes a back seat. As the new SEC chair tackles these issues, the community will get a chance to study Atkins’ outlook and crypto ethos.

The post What Crypto Industry Should Expect from the SEC Under Paul Atkins appeared first on BeInCrypto.

Yesterday, El Salvador’s National Commission of Digital Assets (CNAD) met with staff members from the SEC’s Crypto Task Force. They sketched out plans for a cross-border “regulatory sandbox” for crypto.

This plan involves two pilot programs, each costing less than $10,000, where a US-based broker would partner with a Salvadoran tokenization firm. The plan is tailored to give data on the Task Force’s top regulatory priorities.

Will El Salvador Partner with The SEC?

The SEC’s meeting with CNAD discussed plans for El Salvador, as recorded in a log on the Commission’s site. In the meeting, the parties explicitly discussed priorities in line with Commissioner Hester Peirce’s initial statement announcing the Crypto Task Force.

Of four stated goals, the notion of a “cross-border sandbox” was listed first.

“This initiative offers the SEC Crypto Task Force a live, real-world case study to evaluate streamlined regulatory approaches for digital assets—an opportunity to observe and refine frameworks that could enhance US market innovation. A key lesson from El Salvador’s experience is the transformative potential of tokenization, particularly in real estate,” it claimed.

This sandbox will take the form of a pilot program with two scenarios, each costing $10,000 or less.

In Scenario 1, a US-based real estate broker will partner with a Salvadoran tokenization firm. They will enable investors to purchase tokenized shares of a piece of property.

Scenario 2 tests these firms’ ability to raise capital by selling tokenized shares, using this capital to actually launch a project. It doesn’t specify the project in question, but this scenario doesn’t mention real estate in any capacity.

Both these endeavors will give the SEC valuable data on joint business ventures in El Salvador.

Representatives from El Salvador and the SEC were joined by Erica Perkin, a lawyer specializing in digital asset consulting, and Heather Shemilt, a former partner at Goldman Sachs.

According to the document, participants discussed these proposals, but it doesn’t seem like they actually reached a binding agreement.

The Task Force only sent some of its staff to this meeting, no Commissioners were actually present. Still, this partnership with El Salvador could give the SEC a lot of useful insights.

This plan offers a low-cost way to gather hard data on half of the Task Force’s highest priorities, which seems like a valuable opportunity.

The post SEC Crypto Task Force Explores Cross-Border Regulation With El Salvador appeared first on BeInCrypto.

Russia’s Ministry of Finance and Central Bank are teaming up to launch a centralized crypto exchange. This comes after successive attempts to force other exchanges out of the country.

This is just one step in Russia’s recent efforts to promote cryptocurrency as a tool to evade sanctions. Its government and business community have been espousing the practice, and Russia is considering a ruble-backed stablecoin.

Russia to Launch a Government-Backed Crypto Exchange

According to a report from local media, Russia’s government institutions have big plans for this centralized exchange. Initially, it will only be open to “super-qualified” investors.

This refers to investors who have 100 million rubles ($1.2 million) in securities and deposits or 50 million ($600,000) in annual income. These requirements are not final and may be changed after launch.

Anton Siluanov, Russia’s Minister of Finance, described the plan:

“Together with the Central Bank, we will launch a crypto exchange for super-qualified investors. Crypto assets will be legalized, and crypto operations will be brought out of the shadows. Naturally, not within our country, but those operations that have been carried out today within the framework of the experimental legal regime,” he said.

This exchange is part of Russia’s response to an international crypto crackdown. Specifically, private firms are being forced to leave the country.

Last month, Garantex, a Russian exchange, lost $28 million in assets when Tether froze them after US sanctions. The month prior, Deribit also left the country after sanctions from the EU.

Siluanov announced last December that the Russian government would use cryptocurrency to evade international sanctions, and private firms have embraced the practice.

At the last BRICS Summit, Russia advocated for this policy on the international stage, and it’s considering a Ruble-backed stablecoin.

By creating this exchange, Russia will have a platform to further intensify its crypto-based activities. According to the report, these “super investors” will be able to directly trade in cryptoassets, while retail traders will be restricted to various derivatives. This ties in with a recent three-year plan to test regulated crypto markets.

Russia’s crypto exchange is set to launch this year, but the government still needs to determine a few details. The regulatory framework for crypto derivatives is not entirely operational, and the plan has faced some pushback from the nation’s financial community.

The post Russia’s Central Bank and Finance Ministry is Launching a Crypto Exchange appeared first on BeInCrypto.

XRP is gaining momentum once again, climbing nearly 6% in the past week and pushing its market cap back above $130 billion for the first time since March 27.

The altcoin’s RSI has entered overbought territory for the first time in over a month, its Ichimoku Cloud setup remains bullish, and its EMA lines have formed consecutive golden crosses. With traders eyeing both breakout targets and key support zones, XRP enters a pivotal moment that could define its next major move.

XRP Enters Overbought Zone for First Time Since March

XRP’s Relative Strength Index (RSI) has surged to 76.19, climbing above the 70 threshold for the first time since March 19 — over a month ago.

Just yesterday, its RSI was at 51.4, signaling a sharp increase in buying momentum within a short period.

This jump suggests that XRP is entering an overbought zone, a level where price action often begins to slow or reverse, depending on broader market sentiment.

RSI is a momentum indicator that ranges from 0 to 100 and helps traders assess whether an asset is overbought or oversold. A reading above 70 typically signals overbought conditions, suggesting that the asset may be due for a pullback.

A reading below 30, on the other hand, signals oversold conditions and potential for a bounce. With XRP now at 76.19, traders may begin to watch for signs of weakening momentum or consolidation. Despite that, some analysts claim XRP market cap could soon surpass Ethereum’s.

However, strong upward RSI moves can also signal the start of a breakout if supported by volume and broader bullish sentiment.

Ichimoku Signals Align for XRP as Cloud Turns Bullish

XRP’s Ichimoku Cloud remains in a bullish configuration, with the price clearly positioned above the Kumo (cloud), formed by the Senkou Span A (green line) and Senkou Span B (red line).

This indicates a continuation of upward momentum, though the green cloud ahead is narrower than before, suggesting that bullish conviction may not be as strong as in earlier phases of the trend.

Still, being above the cloud generally favors buyers in the short term.

The Tenkan-sen (blue line) is above the Kijun-sen (red line), signaling short-term bullish momentum through a positive crossover.

Meanwhile, the Chikou Span (green lagging line) is well above the cloud, confirming that current momentum is supported by past price strength.

However, the thinner cloud ahead calls for some caution — while the trend remains bullish, a weaker cloud can suggest reduced support if the price turns.

For now, XRP has a positive technical structure, but traders will monitor for any signs of weakness.

XRP Builds Momentum on Golden Crosses—Reversal or Rally?

XRP’s exponential moving average (EMA) lines have formed consecutive golden crosses since yesterday, a strong bullish signal that indicates growing upward momentum.

This pattern suggests that short-term averages are crossing above longer-term ones, often seen as a sign of a trend reversal or the beginning of a new uptrend.

If this momentum continues, XRP price could climb to test $2.50, with further resistance levels at $2.64, $2.74, and $2.83.

Should the broader bullish sentiment return, XRP may even attempt to reclaim the $2.99 level — and possibly break above $3 for the first time in months.

However, if the momentum fades and the trend reverses, XRP could pull back to test support at $2.18. A loss of that level would open the door for a deeper correction toward $2.03.

Continued downside pressure could push XRP below the $2 mark, with the next major support levels at $1.90 and $1.61.

The post XRP Bullish Momentum Builds as Market Cap Breaks Above $130 Billion appeared first on BeInCrypto.

Immutable (IMX) is up 10% today after announcing a partnership with Ubisoft. The pair is releasing a new mobile game based on the “Might and Magic” series as part of Ubisoft’s broader Web3 strategy.

Immutable is planning to expand its gaming operations after the SEC dropped an investigation against the firm last month. The company is yet to announce more details about this new project.

Ubisoft Extends Its Web3 Venture

The past few years have been financially straining for Ubisoft, one of the largest and most popular AAA studios in the gaming industry. Known for its beloved gaming series, such as Assassin’s Creed, Tom Clancy’s Rainbow Six, Far Cry, and more, the studio has been slowly expanding into the blockchain space for some time now.

Ubisoft hasn’t directly partnered with Immutable before, but it has shown a lingering interest in the intersection of Web3 and gaming. The firm leveraged Ethereum’s blockchain technology six years ago, a partnership that is active and ongoing.

Today, the studio announced a new mobile game, which both parties seem optimistic about.

“Partnering with Ubisoft is a defining landmark for Immutable. There are clear synergies between Immutable Passport, Immutable Play, and Ubisoft Connect. By bringing these together into a combined offering for Might and Magic Fates players, we’re hoping to smoothly onboard into the Immutable ecosystem the 138+ million Ubisoft Connect users,” said Justin Hulog, Immutable’s Chief Studio Officer.

Earlier this year, Ubisoft was on the brink of fiscal insolvency. Unsuccessful gaming titles and a lack of sales almost paralyzed the company. The gaming community has constantly criticized the studio for forcing microtransactions without prioritizing gameplay.

However, the success of its latest release, Assassin’s Creed: Shadows, helped Ubisoft somewhat recover. Yet, the company still needs additional revenue streams to regain forward momentum.

For Ubisoft, a partnership with Immutable might provide the key. Blockchain gaming fell slightly in Q1 2025, but it started the year in an inflated market.

Immutable, for its part, has a lot to gain from the Ubisoft partnership. The blockchain gaming company received a Wells Notice from the SEC last year, but the Commission dropped its investigation in March.

Soon after, the firm started accelerating its Web3 expansion. The Ubisoft deal is a major accomplishment, and it helped push its IMX token upwards by 10%:

That said, the press release is very light on details about the actual game and the specific Web3 connection. Ubisoft’s announcement calls Might and Magic “one of the strongest IPs in gaming” but doesn’t mention Immutable’s role in the project.

The new title is set to be a card-based game with potential crypto-backed rewards. More details are expected in the coming days.

The post IMX Surges 10% As Immutable Partners with Ubisoft for a New Mobile Game appeared first on BeInCrypto.

The TRUMP meme coin project announced that the top 220 holders will be invited to a Gala Dinner with the US president, while the top 25 holders will receive a private White House tour.

The ranking will count holders between today and May 12. Since this announcement, TRUMP has spiked 50% and counting.

TRUMP Rallies 50% In a Buying Frenzy

The TRUMP meme coin has been through ups and downs lately, but it recently hit an all-time low due to tariff chaos. However, the President just announced an exclusive deal for the top holders.

Whichever 220 users hold the most Trump tokens between now and May 12 will get an exclusive invitation to a dinner attended by the President.

“FOR THE TOP 25 COIN HOLDERS, YOU are Invited to an Exclusive Reception before Dinner with YOUR FAVORITE PRESIDENT! PLUS, We have separately by us arranged for a Special VIP White House Tour for you – so make sure you stay in town,” the announcement claimed.

Since this dinner offer first happened, TRUMP rocketed up 50% and counting. It’s unclear how long the momentum will last, but it clearly demonstrates that the man has a devoted fan base.

Some users have speculated that this dinner is an attempt to farm exit liquidity from retail investors, and it’ll be interesting to see how long the hype lasts.

Still, his supporters have good reason to expect solid opportunities from this investment. Trump has reportedly rewarded crypto firms that donated to his Inauguration, and LIBRA booster Hayden Davis alleged that he gave attendees of a previous crypto dinner a tip about the TRUMP launch.

In other words, winning this contest could present another opportunity for insiders.

Serious Concerns of Market Manipulation

If there were any lingering doubts about the US president’s direct connection with the meme coins, it’s very evident now. 

This would be the first time in crypto history that top whales of a meme coin (or any token) would have direct private interaction with the POTUS.

So, it is very clear now that Donald Trump will continue to reward and benefit this meme coin’s holders in unique ways. 

However, there are more critical concerns about market manipulation. Just last week, TRUMP unlocked $307 million worth of tokens.

THIS IS CRAZYYYYY !!!!

Many people shorted $TRUMP because
millions worth of TRUMP tokens started
unlocking on April 18th,

Today Trump announced a dinner with
250 top Trump token holders which has
started a massive SHORT squeeze. pic.twitter.com/CReNAxdlwE

— Ash Crypto (@Ashcryptoreal) April 23, 2025

Conventionally, this led to many trading shorting the meme coin, anticipating the price to go down. Yet, this announcement created a buying frenzy.

Most notably, the upcoming monthly token unlocks have been postponed by 90 days. This could be a direct attempt to inflate the market for a potential pump. 

The post US President to Have Private Dinner With Top 220 TRUMP Meme Coin Holders appeared first on BeInCrypto.

During a livestream  hosted by the leading exchange HTX, Founder of TRON and Advisor to HTX, Justin Sun expressed confidence in the approval of the newly filed Canary Capital Group Staked TRX ETF, calling it a “non-replicable” opportunity for both investors and the broader crypto market.

The event, titled “TRX ETF is Coming? The First Altcoin ETF with Staking Rewards – Will It Spark a New Crypto Bull Run?”, featured @HTX_Molly and leading crypto influencers in discussion with Sun on the TRX ETF filing, the outlook for staking-based ETFs, and the path to regulatory compliance.

A First-of-Its-Kind ETF With Staking Rewards

The key differentiator of this TRX ETF application is its inclusion of a staking mechanism, which could provide investors with enhanced yield opportunities. Notably, the TRX ETF is among the few, out of all crypto ETFs with pending S-1 filings, to incorporate staking features. 

While the application process for such ETFs is significantly more challenging than for spot ETFs – evidenced by the past failures of Staked ETH ETF applications – Justin Sun remains hopeful. He believes the SEC, under its new crypto-friendly Chairman Paul Atkins, is showing increased openness toward cryptocurrencies. Therefore, the TRX ETF application seeks immediate approval, aiming to be the groundbreaking cryptocurrency ETF to integrate staking. Its success, he asserts, would make its value “unreplicable.”

Sun: Market Is Undervaluing Approval Odds

“The market might be undervaluing the probability of the TRX ETF’s approval, a matter of which I am highly confident,” Justin Sun remarked. His confidence stems partly from his considerable experience with crypto ETF applications, including his involvement in securing approval for the initial Bitcoin futures ETFs and the subsequent Bitcoin spot ETFs. Furthermore, the TRX ETP’s successful listing and outperformance against Bitcoin and Ethereum equivalents in Europe provide a strong precedent. 

Justin argues that the rarity of ETF applications reaching the S-1 filing stage indicates that approval for the TRX ETF may not be far off. He also noted that even if the SEC rejects the initial submission, the team will revise the S-1 document in accordance with the SEC’s recommendations and continue the application process.

TRX ETF Could Catalyze the Next Bull Market

Justin Sun suggests that the potential impact of TRX ETF approval is underestimated. “The approval of the Bitcoin spot ETF demonstrated that a few tens of billions of dollars in inflows could trigger a trillion-dollar market rally. This is a prime example of ‘confidence leverage.’ The TRX ETF’s approval could have a similar or even greater impact, potentially igniting the next bull run and attracting a new wave of institutional interest in crypto ETFs on Wall Street.” 

Simultaneously, the ETF will facilitate RWA (Real-World Assets) growth. “The real breakthrough for RWA won’t just come from technological progress but from building a mutually beneficial ecosystem,” Justin explained. “Traditional institutions aren’t held back by technology. They’re limited by the absence of a clear mechanism to acquire public chain tokens and share in their appreciation. The ETF serves as the key to unlocking this – without it, large-scale institutional investment is unlikely, thus hindering the movement of trillions in assets onto the blockchain. The ETF isn’t just a price catalyst; it’s the decisive factor in the successful adoption of RWA.” 

Looking ahead, Justin emphasized that this year will be pivotal for enhancing regulatory compliance and expanding collaborations within the U.S. market. “The TRX ETF application is just the beginning. TRON and HTX have significant developments planned for each subsequent quarter, with the necessary groundwork already underway.”

About HTX

Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.

As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.

To learn more about HTX, please visit HTX Square or HTX.com/, and follow HTX on X, Telegram, and Discord.

The post Justin Sun Highlights TRX ETF Potential, Says Market Underestimates Impact appeared first on BeInCrypto.