Grayscale has officially filed an S-3 form with the U.S. SEC to register its Digital Large Cap Fund as an exchange-traded fund (ETF). This fund holds major cryptocurrencies, including Bitcoin, Ethereum, XRP, Solana, and Cardano. If approved, the ETF could open the door for greater institutional investment in crypto, making regulated exposure easier for big players. While regulatory approval is still pending, this move marks another step toward mainstream crypto adoption in traditional finance.
This week, all eyes are on the Federal Reserve. On Wednesday at 2:00 PM ET, the Fed will announce its interest rate decision followed by the release of the FOMC statement. Shortly after, at 2:30 PM ET, Fed Chair Jerome Powell will speak, providing insights into the Fed’s stance on economic conditions and potential future actions. These key events will likely influence market sentiment and expectations for the economy.
May 6, 2025 07:52:21 UTC
FOMC Meeting Expectations
Ahead of the FOMC meeting on May 7, 2025, the market outlook is cautious but anticipates potential movements. There is a 94% chance the Fed will maintain the 4.25%-4.50% federal funds rate, with a hawkish stance possibly pressuring crypto prices. Bitcoin may test $91,500–$92,000 support, and holding above this level could signal a recovery toward $100,000. High volatility is expected due to macroeconomic uncertainty, with a possible dip early in the week before a potential rebound if dovish hints are given. The persistent 2.6% core PCE inflation and a 60% recession probability could dampen risk sentiment, affecting Bitcoin and altcoins. Political pressures, including Trump’s push for rate cuts and tariff policies, may raise concerns over Fed independence but could boost Bitcoin as a hedge. The key focus will be on Powell’s press conference for any signals on rate cuts in June and comments on tariffs, which could trigger a crypto rally if dovish tones emerge.
May 6, 2025 07:50:31 UTC
Post-FOMC Expectations: Market Remains Bullish as Liquidation Data and M2 Money Supply Soar
Post-FOMC, markets are showing bullish momentum with liquidation data indicating upward movement. Truflation is at 1.45%, below the Fed’s 2% target, while M2 money supply continues to rise. With these indicators, many believe now is the time to buy.
Bitcoin’s price action has historically shown strong correlation with FOMC meetings. Out of the past five meetings, three led to bullish price movements, while two resulted in bearish trends. As the FOMC meeting cycle continues, many are watching for similar patterns, with potential market shifts following each key decision. Investors are particularly focusing on how upcoming rate decisions may influence Bitcoin’s trajectory in the coming months.
May 6, 2025 07:43:27 UTC
Bitcoin Set for Low Correction Ahead of FOMC
Michaël van de Poppe suggests that Bitcoin is holding up well despite the ongoing correction, predicting that the low of the correction may occur within the next day or two. He attributes this phase to a standard correction ahead of the upcoming FOMC meeting. Poppe remains optimistic, expecting an “up-only season” to follow, as the market gears up for potential bullish momentum in the near future.
May 6, 2025 07:43:27 UTC
What Time is FOMC?
The FOMC meeting will take place from May 6 to May 7, 2025. The meeting will be a two-day event, and the press conference is scheduled to start at 2:00 p.m. on May 7, 2025, where Federal Reserve Chair Jerome Powell will provide insights into the committee’s decisions and outlook on economic conditions.
May 6, 2025 07:22:55 UTC
When is the Next FED Meeting
The Federal Reserve’s next meeting is scheduled for May 6–7, 2025, where policymakers will assess the evolving economic landscape and determine if adjustments to interest rates are warranted. Despite political pressure for rate cuts, the Fed is expected to maintain its current federal funds rate of 4.25%–4.5%, as inflation remains above the 2% target and economic uncertainty persists.
The post Next FOMC Meeting Updates , Jerome Powell Speech, FED Interest Rate Decision and More appeared first on Coinpedia Fintech News
May 6, 2025 07:53:47 UTC What Time is FED Meeting? This week, all eyes are on the Federal Reserve. On Wednesday at 2:00 PM ET, the Fed will announce its interest rate decision followed by the release of the FOMC statement. Shortly after, at 2:30 PM ET, Fed Chair Jerome Powell will speak, providing insights …
The U.S. Securities and Exchange Commission (SEC) has pushed back the time to decide on a proposed rule change to enable staking within Grayscale’s Ethereum spot ETF products.
The proposal, under which the ETFs would earn extra yield by staking their Ethereum positions, was originally submitted by NYSE Arca on Feb. 14, 2025, and made available for comment in the Federal Register on March 3, 2025.
SEC Designates Longer Period For Grayscale Ethereum ETF Proposal
According to a notice released on April 14, 2025, the SEC has designated a longer period to take action on NYSE Arca’s proposal to amend the rules governing the Grayscale Ethereum Trust ETF and Grayscale Ethereum Mini Trust ETF.
The SEC’s decision comes after Grayscale filed 19b-4 for the Hedera ETF with the US SEC. The original 45-day review period would have concluded on April 17, 2025, but the SEC has now extended this deadline to June 1, 2025.
In its notice, the Commission stated it “finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein.” The notice also mentioned that the SEC has received no public comments on the proposed rule change to date.
The SEC’s decision to extend the review period is a standard procedural move that gives the Commission additional time to evaluate the proposal thoroughly. Under Section 19(b)(2) of the Securities Exchange Act of 1934, the SEC has the authority to extend its review period from the standard 45 days to up to 90 days if it “finds such longer period to be appropriate and publishes its reasons for so finding.”
SEC’s Approval May Enable Grayscale To Join PoS
If approved, the proposal would be important to Ethereum ETFs because it would allow Grayscale products to become part of Ethereum’s proof-of-stake system. Staking means locking ETH so that the network is safe and runs smoothly, and in return, users get rewards. For ETF investors, this would mean making extra money aside from the appreciation in Ethereum’s price.
Grayscale’s Ethereum Trust ETF and Ethereum Mini Trust ETF already hold Ethereum but do not earn staking yield. The rule change under consideration would alter the way these funds work.
The Commission must decide either to approve the proposal to amend the rule, disapprove it, or institute a procedure to determine if the proposal should be disapproved by June 1, 2025. This deadline is consistent with the SEC’s conservative stance on the investment product of cryptocurrency.
If passed, the rule revision would potentially create a precedent for other Ethereum ETF issuers who may apply for similar relief for their funds. The determination could also give insight into the SEC’s evolving position on proof-of-stake involvement using regulated investment products. Grayscale had previously sought a Litecoin ETF from the SEC and an XRP ETF from the NYSE in January.
Several political reports claim President Trump did not initially intend to put XRP in his Crypto Strategic Reserve. Instead, they suggest that lobbyist Brian Ballard manipulated him into doing so.
Although the President was allegedly furious at these events, this may not change XRP’s position in the Reserve. Ripple’s CEO, Brad Garlinghouse, vocally supports and has made large donations to Trump’s election campaign.
When Trump made a social media post a month into the office, it included SOL, ADA, and XRP in the mix, boosting the notoriety of these assets. Today, Politico made shocking allegations suggesting that this was not his intention.
Specifically, the report alleged that Brian Ballard, a lobbyist who has worked with Trump for years, used underhanded tactics. One of Ballard’s employees repeatedly petitioned Trump to endorse XRP and other altcoins in his post.
Most notably, Ripple Labs is also a Ballard client, which paid the lobbyist $60,000 last year. When the President discovered this, he apparently raged.
Ripple Listed as a Ballard Partners Client. Source: OpenSecrets.
Meanwhile, the US president has now exiled Brian Ballard. The community reacted strongly to these events, suggesting Trump might remove XRP and other altcoins from the Strategic Reserve. However, this may be overstated for a few reasons.
Trump was allegedly angry over being misled, not because he had a specific distaste for XRP. The Reserve announcement occurred shortly before Trump’s Crypto Summit, and David Sacks worried about perceived favoritism. Nonetheless, Ripple has been a good friend to the President.
President Trump exiled a top lobbyist for promoting Ripple’s XRP.
In other words, why would Trump decide to punish XRP for Ballard’s actions? These allegations are indeed shocking, but the market evidently doesn’t expect turmoil for XRP at this time.
To be clear, neither Trump, Ballard, nor Ripple employees have responded to these allegations. Regarding XRP’s place in the Reserve, Trump may simply let bygones be bygones.
It’s important to understand that while the US president signed an executive order to ‘assess the establishment’ of a strategic crypto reserve, no developments have been made yet.
