Exclusive sharing from Bit Eagle: The ETF imitation season is coming, will XRP surge?

In the past few days, it has been widely circulated online that "the US SEC approved the XRP spot ETF"

This led to a short-term increase of 5% in XRP price 📈, but after a small rise, it quickly fell back as everyone realized the mistake 🤦‍♂️

What are the three new ETFs for XRP?

These ETFs do not directly buy XRP but bet on futures price fluctuations.

ProShares in the US is launching on April 30:

📈 2x Long Futures ETF

📉 1x Short Futures ETF

📉 2x Short Futures ETF

🏦 Current status of XRP ETFs

There are already 4 XRP ETFs in the US: all are futures, none are spot.

On April 25, the XRP spot ETF has been launched in Brazil.

On May 19, XRP futures will be listed on the Chicago Exchange, possibly paving the way for the spot ETF.

🚀 So when will the SEC approve the spot ETF?

Companies like Grayscale are applying, but the SEC has not given any indication yet.

Currently, the ETF imitation season is approaching, with over 70 ETF applications, and everyone is betting that the new SEC chairman will approve them.

XRP, Sol, and LTC are the focus of the next wave, while Doge, Bonk, and PENGU are also jumping on the ETF bandwagon, likely to be a way to exploit investors.

XRP Market Cap: $134.5 billion

SOL Market Cap: $76.9 billion

If all are approved for ETFs, looking at market cap and ecological advantages, SOL may have greater potential for price increase in the future.