NYSE Arca Files for Cardano ETF on Behalf of Grayscale
NYSE Arca has filed for a Cardano (ADA) spot ETF on behalf of Grayscale. Cardano is the ninth-largest crypto asset by market cap, exceeding $25 billion. The filing, which will go through the U.S. Securities and Exchange Commission (SEC) approval process, is part of the growing interest in crypto ETFs. The SEC is also considering other crypto ETF applications, particularly as it moves toward accepting an in-kind (crypto asset) redemption mechanism. The SEC is expected to be more positive about the crypto market under the new administration.
Nasdaq Files for CoinShares XRP and Litecoin ETFs
Nasdaq has filed a 19b-4 filing with the SEC to list CoinShares’ XRP and Litecoin ETFs. CoinShares is aiming to expand into the US market, while the Litecoin ETF seems likely to win approval due to the low regulatory hurdles. According to Bloomberg analysts, the Litecoin ETF could be the first spot crypto ETF to be approved under the Trump administration. The CFTC’s classification of Litecoin as a commodity makes it exempt from SEC regulations. Cboe has also filed similar SEC filings for XRP ETFs to be managed by WisdomTree, Bitwise, 21Shares, and Canary. Polymarket data shows the Litecoin ETF’s probability of winning approval this year is over 80%.
$1.3 Billion in Weekly Inflows into Crypto Investment Products
Global crypto investment products saw net inflows of $1.3 billion last week, nearly double the previous week, according to CoinShares data. This increase continued the series of net inflows, which reached a fifth week, despite the price declines due to Trump’s tax-specific decisions. While $407 million was added to Bitcoin investment funds, Ethereum funds attracted $793 million in investment, leaving Bitcoin behind for the first time. US-based spot Bitcoin and Ethereum ETFs recorded a total inflow of $624 million. XRP and Solana investment products also received $21 million and $11 million in inflows, respectively. Regionally, the US led with $1 billion in inflows, while Germany, Switzerland and Canada attracted a total of $152 million in investment.
Strategy Continues Bitcoin Purchases
The Nasdaq-listed company, which rebranded from MicroStrategy to Strategy last week, resumed Bitcoin purchases after a brief pause. Former CEO and co-founder Michael Saylor announced that the company purchased 7,633 BTC for $742.4 million. With this purchase, Strategy’s total Bitcoin holdings reached 478,740 BTC. The company’s total purchase cost was $31.1 billion, while its current market value exceeds $46.6 billion. Thus, the company has gained more than $15 billion on paper from its Bitcoin investments.
Gold Breaks Records, Bitcoin Fights Uncertainty
Gold has increased by 17.5% since the beginning of the year, setting a new record at $2,902 per ounce, thanks to aggressive purchases by central banks. In contrast, Bitcoin started 2025 with a limited increase of 5.1% and followed a volatile course due to Trump’s statements on tariffs. According to the World Gold Council, global central banks added 694 tons of gold reserves in the first ten months of 2024, and this trend is expected to continue in 2025. Poland, India, Turkey and China are among the largest buyers, while Western sanctions against Russia have reinforced gold’s role as a geopolitical safe haven. While the debate over whether Bitcoin is a safe haven in the face of macroeconomic uncertainties continues, the crypto asset’s correlation with riskier assets remains high, according to a Bitwise report.
US University Funds Turn to Crypto
University endowments in the US are shifting their focus to crypto investments amid the rise of Bitcoin and Donald Trump’s interest in the sector. According to Franklin Bi, partner at Pantera Capital, foundations and endowment funds, which previously had limited exposure to crypto, are experiencing a significant increase in interest in digital assets. Emory University announced in October that it invested millions of dollars in Grayscale’s Bitcoin ETF, while the University of Austin announced in May that it would create a $5 million Bitcoin fund. The Rockefeller Foundation, which manages $4.8 billion in assets, is also considering increasing its crypto investments. Bitcoin’s rise from $7,000 to $97,900 in 2020 and the launch of ETFs are fueling institutional investors’ fears of being left behind in the sector.
Ripple and Unicâmbio Partner to Speed Up Portugal-Brazil Payments
Ripple is expanding its presence in Europe with a partnership with Portugal-based cryptocurrency trading platform Unicâmbio. The partnership aims to speed up cross-border money transfers between Portugal and Brazil using Ripple Payments.
Unicâmbio’s institutional clients will be able to make instant payments at lower costs thanks to Ripple’s blockchain technology. Ripple has previously partnered with financial institutions in Brazil, such as Travelex Bank and Mercado Bitcoin, to strengthen the country’s payment infrastructure.
South Korea Could Fall Behind If It Doesn’t Approve Crypto ETFs
Korea Exchange (KRX) Chairman Jung Eun-bo stated that South Korea should approve crypto ETFs in order not to fall behind in the global financial competition. Drawing attention to the fact that spot and futures Bitcoin ETFs are actively traded in the US, Jung emphasized that his country should not miss this trend. A total of 20 crypto ETFs are traded in the US, 12 of which are spot Bitcoin ETFs, and this area is expanding rapidly. Jung stated that a similar regulation in South Korea would expand the investor base and offer new opportunities to the financial sector. However, he also warned that excessive regulation could hinder innovation. Discussions on approving crypto ETFs continue in the country, but a clear timetable has not yet been announced.
Japan Prepares to Regulate Crypto Assets Like Securities
The Japan Financial Services Agency (FSA) plans to regulate crypto assets similar to securities. In this context, approval of Bitcoin spot ETFs and a decrease in the taxation of crypto profits are on the agenda. The current tax rates of up to 55% are being considered to be reduced to 20%. The new regulation also includes tightening transparency requirements to increase investor protection. The official announcement is expected to be made in June, and the regulations are expected to be discussed at the regular session of the 2026 National People’s Congress.
North Carolina Proposes Law to Invest in Bitcoin ETPs
North Carolina House of Representatives Speaker Destin Hall has introduced a bill that would allow the state to invest public funds in Bitcoin exchange-traded products (ETPs). The “NC Digital Asset Investment Act” (HB 92) aims to diversify the state’s investment portfolio and only covers digital assets with a market value of over $750 billion, such as Bitcoin. The bill would require public funds such as pension funds, insurance funds, and veterans’ funds to invest in Bitcoin ETPs. It also states that no more than 10% of the total balance of any fund can be allocated to such investments. Hall argues that this move would position North Carolina as a leader in digital asset innovation. As crypto investment bills are rapidly increasing in the US, similar proposals have been submitted in 19 states so far.
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BITCOIN (BTC)
BTC is priced at $98,200 with a 0.82% increase in value as of morning hours. The red zone between 109,000 – 112,000 stands out as a strong resistance, while the level of 102,451.99 is an intermediate resistance. There is a liquidity zone in the 103,000 – 104,000 band where the price can react. On the support side, the level of 96,060.85 is monitored as a short-term support, while the level of 91,370.06 below may be a strong buying area. The price is currently consolidating in the range of 96,000 – 102,500. If the level of 96,000 is broken, a drop towards the support of 91,370 can be expected, while if the level of 102,500 is exceeded, an increase towards the 103,000 – 104,000 band and then the red resistance zone is possible.
ETHEREUM (ETH)
ETH is priced at $ 2,699 as of the morning hours with a 1.44% gain in value. There is a red zone in the 3,500 – 3,600 band on the upper side, which is seen as a strong resistance area. Below this, the 3,220.55 level stands out as an important horizontal resistance, while the 3,100 – 3,300 range just below it (green zone) is a consolidation area where the price has been squeezed in the past. The price breaking down this green zone shows that selling pressure is increasing. The blue line that works as support around the 3,000 level has also been broken and the price has made a deeper decline. Currently trading at 2,701.06, ETH is showing signs of recovery but is not yet showing a strong upward trend. Looking at the downside support levels, 2,461.59, 2,338.99 and 2,168.07 levels have been determined as strong support areas, respectively.
RIPPLE (XRP)
XRP is priced at $ 2.4818 as of the morning hours with a 2.39% gain in value. While the 3.2000 level stands out as a strong resistance point on the upper side, the 2.8716 – 2.7220 range (orange zone) below it draws attention as a significant supply area. Selling pressure can be expected to increase when the price approaches this zone. XRP, currently traded at 2.4818, has entered a recovery process after previously falling to the blue support area. The price is seen to be consolidating in the range of 2.3000 – 2.5000. If this support area is maintained, a recovery to 2.7220 may be possible. However, for the upward movement to continue, the 2.8716 level must be broken.
AVALANCHE (AVAX)
AVAX is trading at $ 26.59 with a 3.54% gain as of the morning hours. While the 42.06 – 45.80 levels stand out as a strong resistance zone, it is seen that the price fell with a sharp selling pressure after testing this zone. The price is currently trading at 26.55 and is recovering from the 21.88 support that was previously tested. In the medium term, the important resistance levels are 32.95 and 35.63, and these levels must be broken for the price to continue its rise. In the short term, the price is trying to consolidate in the 26 – 27 area. If the 32.95 resistance is broken, the price may move back towards the 35.63 level. However, if the 26 level is lost, the price is more likely to fall towards the 21.88 support.
SOLANA (SOL)
SOL is priced at $ 204.67 with a 1.88% gain as of the morning hours. The price is currently traded at 204.66 and is stuck between a critical support and resistance area. While the 201.83 level works as an important support below, the 229.30 level above stands out as a strong resistance point. There is an orange demand zone (support area) in the range of 201 – 205 on the chart. This area is a region where buyers have previously stepped in, and the price may react from here and move upwards. However, in order for the price to display a stronger rise, it needs to break the blue zone between 210-220. If this zone is broken, there will be a possibility of an increase towards 229.30 and then 245.52 levels. In downside risks, if the 201.83 support is lost, it can be expected that the selling pressure will increase and the price will fall to lower levels, probably to 190 levels. In the short term, the price holding in the 201-205 region is of critical importance for the bullish scenario. If the 210 level is exceeded, the rise may continue and the price may head towards the resistance levels again.
