By Emir Abyazov Key highlights: Canary Capital may launch the first U.S. XRP ETF within days Filing hints at a milestone moment for institutional crypto access Ripple community anticipates a surge in mainstream exposure Investment firm Canary Capital has filed key documents with the U.S. Securities and Exchange Commission (SEC) that could pave the way […]
Tag: ETF
By Emir Abyazov Bitcoin has suffered its biggest test since July this year, falling below $99,000 on November 4. This triggered a chain of events that upended the balance of power in the cryptocurrency market. Mass liquidations of long positions exceeded $1.7 billion in a single day — but paradoxically, it was this very decline […]
By coinspy Key Points: The mNAV metric—comparing MSTR’s market valuation to the value of its Bitcoin holdings—has collapsed from 3.4x to nearly parity, weakening the original bearish case tied to overvaluation. Other major short sellers, including Kerrisdale Capital, built similar positions against MSTR and Ethereum-focused treasury firms, arguing that ETF competition and inflated valuations justified […]