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Cryptocurrency News Articles
DOGE and XRP Soar as SEC Reviews ETF Filings, While Rollblock's GameFi Presale Gains Whale Support
Feb 22, 2025 at 12:51 am
The crypto world is brimming with excitement due to the latest developments surrounding DOGE and XRP. As the SEC acknowledges ETF filings for these crypto tokens
The crypto space is buzzing with excitement as DOGE and XRP ETF filings move forward, while Rollblock’s GameFi presale gains support from whales. But is it really worth the hype? Let’s find out.
Rollblock might just be the game-changer the GameFi industry needs
The iGaming industry, valued at a staggering $540 billion, is a hotbed of unsavory practices like fraud and lack of accountability. But for a project that recently debuted in the global crypto market, Rollblock is changing the narrative by addressing these issues and building trust through transparency.
Unlike traditional casinos, Rollblock operates with full transparency, breaking away from the industry’s reputation for opacity. Fueled by blockchain, it empowers players to verify every transaction on-chain, ensuring their bets remain untouched and above board. Catering to a wide range of preferences, Rollblock’s platform offers an impressive collection of over 7,000 games, from poker and Monopoly to slots and sports betting.
But Rollblock’s impact extends beyond gaming. The project boasts a revenue-sharing model where up to 30% of the platform’s weekly profits are channeled towards the open market to repurchase RBLK tokens. Of these tokens, 40% are redistributed as staking rewards to holders, while the remaining 60% are burned to drive scarcity.
Will ETF approval propel DOGE price to new heights?
The official DOGE price might be gearing up for a massive rally, especially in light of recent developments regarding Dogecoin ETFs. On February 13, the U.S. Securities and Exchange Commission marked Grayscale’s Form 19b-4 submissions for the DOGE spot ETF trusts as officially received.
These DOGE ETF trusts will now be up for review, with the agency mandated to make a decision within 240 days. According to the latest DOGE news, the countdown for the approval of these ETFs begins once the filings enter the SEC’s federal register, which usually occurs within days. With the review of these Dogecoin ETFs now underway, we could see a positive boost in DOGE price charts soon.
XRP’s ETF news might paint the crypto’s charts green in the coming months
DOGE isn’t the only crypto with positive developments on the ETF front. The U.S. SEC has also officially acknowledged Grayscale’s filings for XRP ETFs and is now seeking public input on the proposals. In addition to Grayscale’s filing, other asset managers, including Bitwise, Canary Capital, 21Shares, and WisdomTree are also making a strong case for an XRP ETF.
Some XRP experts, like Bloomberg analysts Eric Balchunas and James Seyffart are optimistic about the approval of this XRP ETF. They estimate a 65% probability for an XRP ETF approval. If approved, this ETF could play a pivotal role in driving up XRP’s price.
Conclusion
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