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Breaking: SEC Greenlights Bitcoin and Ethereum Combo ETFs

The post Breaking: SEC Greenlights Bitcoin and Ethereum Combo ETFs appeared first on Coinpedia Fintech News The SEC just made history in the crypto world by approving two first-of-their-kind ETFs: the Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF. These aren’t your typical crypto investments. They combine spot Bitcoin and Ethereum into one package, making it easier—and maybe even safer—for people to invest in the two biggest digital currencies at once. Bitcoin Meets Ethereum in a Balanced Package Here’s what makes these ETFs special. Instead of focusing on just Bitcoin or Ethereum, they mix both. The allocation depends on the market value of each, so investors get a well-balanced exposure. Why does this matter? It’s simple: putting everything into just one cryptocurrency can feel risky. By holding both, these ETFs spread out the risk and let you benefit from the strengths of each. Source : SEC For anyone who finds the idea of buying Bitcoin or Ethereum directly too overwhelming, these ETFs could be the answer. They simplify the process, making crypto investments more accessible to regular people. A Big Step for Crypto Investing The SEC’s decision to approve these ETFs shows that regulators are starting to take the crypto market seriously. This is a major milestone not just for the crypto space but for SEC as well. So why did these ETFs get approved? A key reason is the strong connection between Bitcoin and Ethereum futures and their spot prices. This link helps keep things stable and reduces the chances of manipulation, which is a big win for investors. These ETFs also follow strict guidelines to protect investors. They’re tied to agreements with the Chicago Mercantile Exchange (CME) to monitor trading activity and keep everything above board. The SEC isn’t just handing out approvals—they’ve made sure these ETFs meet high standards for security and transparency. What’s Next ? This approval could open the door for even more creative investment options in the future. By combining Bitcoin and Ethereum, these ETFs simplify the process of getting into crypto. They remove the hassle of managing multiple wallets or worrying about buying and storing digital assets directly. And this could just be the start. Other cryptocurrencies might join similar ETFs down the road. For now, though, these Bitcoin-Ethereum combos are a big step forward. If you’ve been waiting for a way to explore crypto without all the complications, this could be exactly what you’ve been looking for. Crypto Potato

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XRP Price Shows Resilience While BTC Sinks Deeper

XRP price remained stable above the $2.20 support zone. The price is consolidating and might aim for a fresh increase above the $2.40 resistance. XRP price remained stable above the $2.20 zone. The price is now trading below $2.40 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2.35 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if it clears the $2.40 resistance. XRP Price Stays Above $2.20 XRP price remained well-bid above the $2.20 support level, unlike Bitcoin and Ethereum . A low was formed at $2.17 and the price traded in a range below the $2.40 level. There was a minor increase above the $2.25 and $2.30 levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $2.720 swing high to the $2.171 low. The price is now trading below $2.40 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.35 level. There is also a connecting bearish trend line forming with resistance at $2.35 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.40 level. The next resistance is $2.45 or the 50% Fib retracement level of the downward move from the $2.720 swing high to the $2.171 low. A clear move above the $2.45 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.550 resistance or even $2.620 in the near term. The next major hurdle for the bulls might be $2.80. Are Dips Limited? If XRP fails to clear the $2.40 resistance zone, it could start another decline. Initial support on the downside is near the $2.25 level. The next major support is near the $2.20 level. If there is a downside break and a close below the $2.20 level, the price might continue to decline toward the $2.050 support. The next major support sits near the $2.00 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.20 and $2.050. Major Resistance Levels – $2.35 and $2.40. Crypto Potato