FIL and XRP Poised for Surge as Analyst Expectes Institutional Bitcoin ETF Buying

March 26, 2024 at 12:45 PM GST updated: March 27, 2024 at 10:45 PM 2 mins read Crypto Live News

Analyst anticipates institutional Bitcoin ETF buying trends via SEC 13F filings.
Bullish signals observed for Filecoin (FIL) and XRP amidst expectations.
The crypto market awaits institutional moves while tracking FIL and XRP dynamics.

As the crypto market gears up for a pivotal period, one analyst shares insights into the upcoming 13F filings by institutional investment managers with the SEC. These filings, scheduled to commence next week, offer a glimpse into the Bitcoin ETF landscape and potential market impacts.

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Remember, starting next week, institutional investment managers will file their 13F forms with the SEC. This means we'll start to get a look at who's been buying the Bitcoin ETFs. A few points:

1. These filings will start with a trickle next week, then pick up after that and run…
— MacroScope (@MacroScope17) March 25, 2024

The analyst notes that filings will commence slowly next week, gradually increasing in frequency until May. Expectations suggest that significant names may delay filings closer to the mid-May deadline to avoid revealing their strategies prematurely.

Lastly, he says funds likely to attract attention for their ETF ownership may strategically bolster their positions before filing their 13Fs. The anticipation of institutional moves coincides with bullish signals observed for Filecoin (FIL) and XRP, as shared by analysts in the crypto community.

For Filecoin (FIL), technical indicators suggest bullish momentum building up, with short-term targets set at $17 and $21, and long-term aspirations reaching $115. Despite recent challenges, analysts remain optimistic about FIL’s recovery potential.

Fascinated by the moment for $FIL, it is fully prepared for the next stage of upside, I will continue to hold long it in mexc, looking forward to its recovery soon.
— Winfred Harper (@Spyro376) March 25, 2024

Similarly, XRP’s technical analysis against Bitcoin (BTC) signals a potential 20% surge, possibly pushing its price to $0.82. Analysts highlight historical patterns and RSI levels as indicators of a potential bullish run, particularly if BTC liquidity hits $75,000.

$XRP vs $BTC $XRP's setting up for a 20% move against $BTC.

This could spark a push to $0.82.

The last time the RSI got to these levels we saw a 20% bounce vs $BTC.

If $BTC grabs the liquidity at $75,000, this could lead to a big push in $XRP.

I'm going to keep an eye… pic.twitter.com/uDaSRWrnBE
— TheCryptoMann (@TheCryptoMann1) March 25, 2024

As the crypto market braces for institutional disclosures and watches for bullish movements in specific tokens, investors remain attentive to unfolding trends and potential market shifts. Stay tuned for further updates on institutional buying patterns and token price actions.

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