Total Capitalization of the Cryptocurrency Market has Reached $1.78 Trillion
The XRP token received strong support after an SEC official said that apart from Ripple and its employees, no investors, exchanges or other platforms violate the US Securities and Exchange Commission guidelines by selling the relevant tokens. According to market participants, the SEC statement opens up the opportunity for sites that previously suspended trading in the asset to resume its support. The SEC filed a lawsuit against Ripple in December 2020. The regulator accused the company of unregistered sale of securities worth $1.3 billion in the form of tokens. Recent events have led to an increase in the price of the cryptocurrency above the level of 50 cents and do not exclude further strengthening.
The Brazilian Securities and Exchange Commission has approved the launch of the first bitcoin exchange-traded index fund in Latin America, to be launched by QR Capital. The value of ETF units is calculated based on a basket of certain assets, following their market value. In the case of a bitcoin ETF, the exchange-traded fund is tied to that cryptocurrency. Such assets are traded on traditional exchanges, which allows institutional investors to gain secure access to the digital asset market. This fund became the world's fourth regulated investment product linked to bitcoin.