CoinRank Crypto Digest (2/21)｜XRP and SOL ETFs Enter Countdown Phase

KEYTAKEAWAYS

TABLE OF CONTENTS

• KEY TAKEAWAYS
• XRP AND SOLANA ETFS ENTER COUNTDOWN PHASE
• AUSTRALIAN ETF PROVIDER BETASHARES LAUNCHES BTC ETF
• FEAR AND GREED INDEX RISES TO 55 TODAY
• DISCLAIMER
• WRITER’S INTRO

CONTENT

XRP AND SOLANA ETFS ENTER COUNTDOWN PHASE

On February 21, according to Decrypt, Grayscale’s XRP ETF application, along with four other Solana ETF applications, was recorded in the U.S. Securities and Exchange Commission (SEC) Federal Register.

The Solana ETF applications were submitted on February 18 by VanEck, 21Shares, Bitwise, and Canary Capital. After being recorded, a 21-day public comment period starts. The SEC is expected to decide whether to approve, reject, or further review these applications by October 18.

ANALYSIS:

In the short term, the ETF application news may cause price fluctuations for XRP and SOL. However, the market will still focus on the SEC’s final decision:

• If the SEC shows positive signals (such as accepting the review), XRP and SOL could see a short-term price increase.
• If the SEC rejects or delays the decision, market sentiment might take a hit, leading to increased short-term volatility.

AUSTRALIAN ETF PROVIDER BETASHARES LAUNCHES BTC ETF

According to HODL15 Capital, Australian ETF provider BetaShares has launched a new Bitcoin ETF (QBTC). The ETF will offer investors exposure to Bitcoin through Bitwise’s BITB.

ANALYSIS:

QBTC might be a transitional product in the Australian market. If regulations become more open in the future, Australia might approve a real spot Bitcoin ETF.

FEAR AND GREED INDEX RISES TO 55 TODAY

According to Alternative, the Fear and Greed Index jumped significantly from yesterday, rising to 55 (from 49). The rating has shifted from neutral to greedy, marking the first time since February 3 that the index shows greed. The index ranges from 0 to 100 and includes:

• Volatility (25%)
• Market trading volume (25%)
• Social media activity (15%)
• Market surveys (15%)
• Bitcoin’s share of the total market (10%)
• Google search trends (10%)

ANALYSIS:

Sentiment indicators often lag behind price movements. However, if the “greed” sentiment continues to rise, it could trigger short-term FOMO (fear of missing out), pushing prices higher.

CoinRank Crypto Digest (2/19)｜Matrixport: Overall market leverage levels remain low

CoinRank Crypto Digest (2/20)｜Active addresses on Solana plummet from 18.5 million to 8.4 million

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