Grayscale and Franklin Load XRP ETFs for Launch—Ripple CEO Sees Pre-Thanksgiving Rush

Bitcoin's price has fallen over 30% from its peak of $126,000, currently trading around $85,500 after a brief dip to $82,000. This decline has prompted concerns among traders, particularly as long-term holders begin to sell, which could lead to increased market volatility and deeper losses. Peter Schiff warns that this shift in ownership from veteran holders to newer, less experienced investors may exacerbate future selloffs.

Grayscale has identified Chainlink as the 'critical connective tissue' of tokenized finance, asserting that LINK will serve as essential infrastructure for the next phase of blockchain adoption. This statement aligns with Grayscale's ongoing efforts to enhance its cryptocurrency offerings and market presence.

Grayscale has identified Chainlink as the 'critical connective tissue' of tokenized finance, asserting that LINK will serve as essential infrastructure for the next phase of blockchain adoption. This statement aligns with Grayscale's ongoing efforts to enhance its cryptocurrency offerings and reflects a strategic focus on the growing importance of tokenization in financial markets.

Bitcoin's price has fallen into a fragile state, trading in the mid-$80,000s after slipping below $90,000, raising concerns among analysts about the potential for a significant rally in the near future. Prominent crypto analyst Tony Severino has highlighted a bearish crossover in the 6-week LMACD momentum indicator, suggesting that the cryptocurrency is unlikely to recover anytime soon.

XRP's price has fallen below $2, with analysts indicating that it may be entering the final stages of a corrective structure, potentially dropping to $1.81 before a bullish reversal occurs. Technical analysis suggests that the current price movements align with an Elliott Wave formation, indicating further downside is likely.

Grayscale has released a report highlighting Chainlink as 'essential infrastructure' for tokenized finance, coinciding with its application to convert the Chainlink Trust into an exchange-traded fund (ETF) on NYSE Arca.

XRP has entered a significant growth phase with the launch of Spot XRP ETFs in the United States, generating heightened interest among institutional investors. Market commentator Chad Steingraber has projected that if ETF issuers adopt aggressive accumulation strategies similar to those seen with Bitcoin ETFs, XRP's available supply could diminish rapidly due to increased demand.

The New York Stock Exchange (NYSE) has approved the listing of Grayscale's XRP and Dogecoin exchange-traded funds (ETFs), with trading set to commence on Monday. This development is anticipated to enhance mainstream adoption of cryptocurrencies and may influence future regulatory frameworks.