Cryptocurrency News Update: Exchange Delistings, XRP ETF Launch, and Shiba Inu Trends

Major Exchange Announces Delisting of 16 Cryptocurrencies

A leading cryptocurrency exchange has revealed plans to delist 16 trading pairs, responding to user feedback and adhering to its internal guidelines. The affected pairs include ALCX/USDT, NULS/USDT, MDT/USDT, and several others slated for withdrawal on June 20, 2025. As of June 16, the exchange has suspended deposits for these cryptocurrencies, advising users to manage their assets promptly. Additionally, withdrawal services for these tokens will cease on September 20, 2025, at 8:00 a.m. UTC.

Upcoming Launch of North America’s First Spot-Based XRP ETF

In a significant development for XRP investors, Purpose Investments has announced its upcoming launch of North America’s first spot-based XRP Exchange-Traded Fund (ETF) on June 18, following approval from the Ontario Securities Commission in Canada. This ETF will offer a direct investment avenue in XRP and will be traded on the Toronto Stock Exchange. While Brazil has already welcomed the first spot XRP ETF, various firms in the U.S. are still awaiting regulatory approval for their proposals. Industry experts anticipate that these U.S. ETFs might secure the green light from the SEC by the end of the fourth quarter, coinciding with the recent introduction of regulated XRP futures by CME Group.

Shiba Inu Experiences Price Recovery Amid Growing Open Interest

Shiba Inu has seen a significant price adjustment in the past 24 hours, signaling a shift towards bullish market sentiment. During this timeframe, traders have notably increased their engagement with SHIB futures, resulting in an impressive 4.86% rise in open interest. Recent data reveals that over 11.46 trillion SHIB, valued at approximately $147.27 million, has been committed to futures trading, reflecting strong bullish sentiment among investors. Notably, Gate.io has played a major role, contributing to 56.9% of the total open interest with commitments amounting to $83.80 million. However, despite these developments, SHIB is currently experiencing a downturn, trading 5.60% lower over the last day at $0.00001151 according to CoinMarketCap statistics.