XRP Futures ETF Finally Gets SEC Green Light: See You at the NYSE on April 30!
Brothers, the crypto world has been taken over by XRP again this weekend! The SEC has finally stopped being a roadblock and directly approved ProShares' three XRP Futures ETFs, which will be listed on the NYSE on April 30.
As soon as the news broke, XRP surged violently by 3.5%, with the price shooting up to $2.27, and its market cap skyrocketing to $312 billion, leaving all mainstream coins aside from BTC in the dust—I'd say, those who didn't position themselves in advance must be regretting it now!
Core Facts: The SEC approved three XRP Futures ETFs from ProShares, to be listed on the NYSE on April 30, including 2x long and short leverage and 1x inverse products, with a management fee of 0.95%.
Current XRP price is $2.29, with a 24-hour increase of 3.5%, and the market cap has surpassed $312 billion.
Key Impacts:
Institutional Entry: Referencing the $1 billion trading volume on the first day of the Bitcoin Futures ETF, Standard Chartered predicts that if the spot ETF is approved, it will attract $8 billion in funding; Compliance Breakthrough: After settling the lawsuit with the SEC, XRP sheds its 'security' label, with CME simultaneously launching XRP Futures;
Risk Warning: Leveraged products may exacerbate volatility, and the SEC still poses regulatory risks for institutional sales of XRP.
Operational Advice:
Short Term: Pay attention to the trading volume on the ETF's debut on April 30 and the opening price of CME Futures on May 19; Hedge: Combine with long and short products; Long Term: Standard Chartered is bullish on $12.5 in 2028, but keep a close eye on the progress of Ripple's ecosystem implementation. #MichaelSaylor暗示增持BTC
Follow me to see through the phenomenon and understand the essence!
