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🔥 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,
Ripple CEO: XRP ETF will be approved by the end of the year, and XRP will be included in the US encryption reserves.
On September 18, Ripple CEO Brad Garlinghouse stated in an interview that the approval of the Spot XRP ETF is "inevitable" and expects the SEC to approve some or all pending applications by the end of the year. Currently, companies such as Bitwise, Franklin Templeton, and Canary have submitted relevant applications. He also expects the XRP Token to eventually become part of the U.S. government's encryption reserves. Analysts are optimistic about the inflow prospects for the XRP ETF. CEX CEO predicts that these funds will attract $8 billion in inflows in the first year, and JPMorgan has made the same prediction. (Themarketperiodical)