The season of knockoffs is coming, is XRP going to skyrocket?!
The day before yesterday, the SEC of the beautiful country approved the XRP spot ETF, leading to a 5% increase in XRP in a short period, but the price quickly retreated after the rise.
What are the three new XRP ETFs? Why don't ETF institutions directly buy XRP, but instead gamble on futures price fluctuations?
Current status of XRP ETFs:
1. The beautiful country has 4 XRP ETFs, all of which are futures, with no spot.
2. On April 25, the XRP spot ETF was listed in Brazil.
3. On May 19, XRP futures were launched on the Chicago Exchange, possibly paving the way for the spot ETF.
Currently, the knockoff ETF is about to arrive, with over 70 ETF applications; [$XRP $SOL $LTC ] are the next key focuses, while doge, bonk, and pengu are also joining the frenzy. It's highly likely they are looking to harvest profits, so everyone should be cautious!!!
Once XRP SOL passes the ETF, in terms of market value and ecological advantages, SOL has greater potential for future price increases, worth everyone's attention!!!
Based on the current market situation, spot friends can lightly position at the current price and wait for notifications, and will inform everyone of suitable entry positions. Those still holding XRP can hold boldly!!!
