Key Highlights:
- Cboe BZX Exchange files with the SEC to list multiple spot XRP ETFs.
- BlackRock increases its stake in Strategy (formerly MicroStrategy) to 5%.
- CleanSpark reports $162.3 million in quarterly revenue with Bitcoin mining costs at $34,000.
Cboe BZX Pushes for XRP ETF Listings
Cboe BZX Exchange has submitted filings to the SEC to list and trade spot XRP ETFs for Bitwise, 21Shares, Canary Capital, and WisdomTree. These filings are a crucial step in the regulatory approval process, following earlier S-1 registration statements. With increasing interest in crypto ETFs, the market anticipates potential approval, following the success of Bitcoin and Ethereum ETFs.
Read more about Elon Musk Advocates for DOGE Blockchain Adoption in U.S. Treasury Operations
BlackRock Expands Strategy Stake
BlackRock has raised its ownership in Strategy from 4.09% to 5%, now holding approximately 11.2 million shares. Strategy remains the largest corporate holder of Bitcoin, with over 471,000 BTC valued at more than $46 billion.
Also read: Shiba Inu & UAE Government Unite to Revolutionize Web3 – A Historic Crypto Partnership!
CleanSpark Reports Strong Revenue Growth
Bitcoin mining company CleanSpark generated $162.3 million in revenue for Q4 2024, marking a 120% year-over-year increase. The company maintains a mining cost of $34,000 per Bitcoin and plans to expand its operations to 50 EH/s by mid-2025.
Market Insights
| Cryptocurrency | Market Cap | Price | 24h Volume | Circulating Supply |
|---|---|---|---|---|
| Bitcoin (BTC) | $1.94T | $97,946 | $49.81B | 19.5M BTC |
| XRP | $120.5B | $2.34 | $3.2B | 51.2B XRP |
| Solana (SOL) | $78.5B | $198.42 | $2.5B | 395M SOL |
Upcoming Events to Watch
- Wednesday: U.S. CPI inflation data release.
- Thursday: UK GDP, U.S. PPI, and jobless claims.
- Friday: Eurozone GDP numbers.
- Key Speeches: Bank of England Governor and U.S. Federal Reserve Chair.
Also read: Dogecoin Whales Scoop Up 750M DOGE Amid Market Dip – Is a Price Surge Ahead?
Stay updated as the crypto market evolves with new investment opportunities.
