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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,
The timing of the ETF is uncertain, and there is back-and-forth fluctuation in the news: some media report that the ETF may be postponed, but the price still has upward momentum—indicating that funds are very sensitive to "ETF expectations," and the truthfulness of the news has a significant impact on short-term fluctuations. Cointelegraph
Institutions/whales showed a clear preference in September, with some reports indicating that whales and institutions increased their holdings in September, which amplified the trading volume during the upward surge and the selling pressure during subsequent pullbacks.