New Key Date for XRP Holders Unveiled, Peter Schiff Reveals ’Best Trade You Can Make,’ Court Pauses Appeal in Ripple Case: Crypto News Digest by U.Today

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New key date for XRP holders unveiled

According to an updated filing of ProShares, a prominent issuer of exchange-traded funds, it has set April 30 as the target launch date for its futures-based XRP ETF. This signals that the product is ready for launch; however, that does not guarantee that it will start trading by that specific date. The ETF will be based on XRP futures contracts and swap agreements, rather than investing in the token directly. This move is seen as an important step toward the eventual launch of a spot-based XRP ETF. As a reminder, back in 2021, ProShares made headlines with the successful launch of the first futures-based Bitcoin ETF. Industry figures like Anthony Scaramucci have criticized the previous SEC administration for delays in approving spot ETFs. The product was finally launched in early 2024, to great fanfare.

"Sell all your Bitcoin": Man who predicted 2008 crash reveals "best trade you can make"

In a recent X post, Peter Schiff, financial commentator known for predicting the 2008 market crash, has urged his followers to sell all their Bitcoin, calling this move "the best trade you can make right now." In Schiff’s opinion, investors should "go all-in on gold and silver mining stocks," adding that those who follow his recommendation will thank him later. Schiff’s post coincides with gold reaching a new all-time peak of $3,291, while Bitcoin is changing hands at $84,110, down 0.71% over the past 24 hours amid a shaky stock market and ongoing tariff concerns. As previously reported by U.Today, on March 8, Schiff created his own strategic reserve, which currently contains 0.055 BTC, saying that he will allow the reserve to crash to set an example of what not to do.

Court pauses appeal in Ripple case

As reported by James K. Filan on his X account, the United States Court of Appeals for the Second Circuit has temporarily paused the appeal proceedings in the Ripple case. The judge, José A. Cabranes, has granted the joint motion made by both the SEC and Ripple. The SEC must now submit a status report within two months, and no further court actions will take place until the pause is lifted. Despite Ripple’s victory, some members of the XRP community are frustrated that the case continues to drag on. The SEC’s decision to drop its appeal follows the departure of former Chair Gary Gensler; Ripple also dropped its cross-appeal after securing some concessions. However, despite the positive development, the price of XRP dipped amid a broader crypto market correction. At press time, the asset is trading at $2.08, down 0.74% over the past 24 hours, per CoinMarketCap.

This content was originally published on U.Today