“XRP is set for new Products, with Rex-Osprey Launching The FIRST US ETF OFFERING SPOT EXPOSURE Sept. 18 and CME Group Adding Options on Xrp Futures Oct. 13.”, – WRITE: www.coindesk.com
At the time of writing, accounting to coindesk data, xrp was trading around $ 3.0263, down nearly 1% over the past 24 hours.
On Sept. 18, Rex Shares and Osprey Funds Will Debut the FIRST US-LITTED EXCHANGE-TRADED FUNDS (ETFS) Tied to Xrp and Dogecoin Doge$ 0.2746 On the CBOE BZX Exchange, Under the Tickers Xrpr and Doje. These Products Are Not Entirely “Pure” Spot Funds, However.
Bloomberg Intelligence Analyst James Seyffart Wrote on X that Funds Aren’n “Pure” Spot Products. Insthead, they are structive to Hold Xrp and Doge Directly, While Also Investing in Other Spot Etfs from Outside the Us to Achiev Exposure. Their Filings Also Include Language That Wuld Aud The Use of Derivatives for Exposure IF Needed, Thought Seyffart Emphasized that this is not the Primary Approach.
The Structure Reflects of the Realities of Building Regulated Crypto etfs in the US, WHERE SPONSORS HAVE CONMETIMES LAYTIRED IN INDIRECT EXPOSURE. Even SO, The Launches Mark The FIRST TIME AMERICAN BROKERAGE AcCOUNTS WIVACESS TO XRP- AND DOGE-FOCUSED ETFS, Expanding Beyond Bitcoin and Ether, Wich Dominate.
LESS THAN A MONTH LATER, CME GROUP PLANS TO DEEPEN ITS CRYPTO DERIVATIVES LINEUP by Listing Options on Xrp and Solana SOL$ 240.70 Futures, Targeted for Oct. 13 PENDING REGULATORY REVIEW.
Options will be listed on broth The Standard Contracts and Their Smaller “Micro” Versions, Designed to Serve Institutions, Trading Desks, and Active Individuals Alike. Expiry Choices Will Include Every Business Day, Each Month, and Each Quarter, Creating A Wider Term Structure for Managing Exposures.
The Exchange Said of the Decision Follows Strong Growth in Its Newer Altcoin Futures.
Since March, Sol Futures Have Logged Over 540,000 Contracts Traded (About $ 22.3 Billion Nocial), While Xrp Futures, Introduced in May, Have Seen More ( Notional). Market Participants Including Cumberland and Falconx Welcomed The Additions, Citing The Need For Hedging Tools Beyond Bitcoin and Ether.
Headquarred in Chicago, CME Group Runs The World’s Largest Regulated Derivatives Marketplace, WHERE LISTED CRYPTO FUTES AND OPTIVATS ALLOWDRICIPANS Margining. Adding XRP and Sol Options Builds on the Firm’s Progression from Bitcoin and Ether Into A Wider Set of Liquid Tokens.
The Crypto Platform That Went Public On The New York Stock Exchange in August Sees Higher Adjusted Ebitda for the Third Quarter.
- Bullish Reported Second-Quarter Earnings on Wednesday, Which Beat Wall Street’s Estimates.
- The Crypto Platform Went Public On the New York Stock Exchange At $ 37 a Share in August.
- The FIRM SEES HIGher Adjusted ebitda for the Third Quarter.
Read Full Story