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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,
Highly elastic products have a "siphon effect" and fund companies are rapidly deploying
Golden Ten Data reported on October 24 that on October 23, the North Securities 50 Index closed up more than 4%. Since September 24, the index has doubled. Among the index constituent stocks, many stocks rose several times in stages. During interviews and surveys, reporters found that some investors have paid significantly more attention to highly elastic markets such as the Science and Technology Innovation Board, GEM, and Beijing Stock Exchange. Related fund products have received a large number of net subscriptions in the past month. At the same time, many fund companies took advantage of the situation to issue new products, and some fund raising periods only lasted three trading days. Industry insiders believe that the active layout of investors and fund companies reflects to some extent the continued improvement in investment risk preferences of some market entities, but it is also necessary to note that high elasticity of returns and high risks often coexist.