“The Filings Add to A Growing List of FIRMS SEEKING TO LAUNCH XRP-FOCUSED ETFS IN THE US”, – WRITE: www.coindesk.com
The Spot XRP ETF is Designed to Trache of the Cryptocurrency Directly, While the 2x Xrp etf Aims to Amplify Daily Price Movements by a Factor of Two. The -1X XRP etf Offers Investors a Way to Bet Against Xrp’s Price, Reflection the Reverse of Ita Daily Performance.
This Latest Move Comes As Expectations Rise for Regulatory Approval of a Spot XRP ETF. Traders on Polymarket Are Currently Weightly Weighting A 77% CHANCE THAT A SPOT XRP ETF WILL RECEIVE APROVAL THIS YEAR. However, The Perceived Odds of Approval Before July 31 Are Lower, at 35%.
Valativity Shares’ Filings See Itin Various Other Asset Managers Looking to Launch Xrp etfs in the United States, Including GrayScale, Wisdomtree, Bitwise, 21shares, Canhares.
Last Month, The US Securities and Exchange Commission (SEC) Kicked Off Its Clock for Making A Decision on One XRP ETF Fishing by Acknowledge A 19B-4 Filing by the New York Stock Stock An. The World’s First Spot Xrp Etf, However, Is Set to Soon Debut in Brazil After Being Approved by the Country’s Securities Regulator.
