🌕 Gate Square · Creator Incentive Program Day 8 Topic– #XRP ETF Goes Live# !
Share trending topic posts, and split $5,000 in prizes! 🎁
👉 Check details & join: https://www.gate.com/campaigns/1953
💝 New users: Post for the first time and complete the interaction tasks to share $600 newcomer pool!
🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
The SEC in the US plans to introduce a universal listing standard for cryptocurrency ETPs, which may accelerate product issuance.
PANews reported on September 16 that the U.S. SEC is advancing a universal listing standard for cryptocurrency Spot ETPs, allowing compliant cryptocurrency ETPs to be approved in as little as 75 days without individual filings. Bitwise Chief Investment Officer Matt Hougan stated that if the new regulations are implemented, various cryptocurrency assets such as Solana, XRP, and Chainlink are expected to launch ETPs quickly, expanding the market. Previously, after traditional ETF markets adopted similar rules, the annual issuance increased from 117 to 370.