The ETF imitation season is coming, will XRP surge?
These past few days, it has been spreading online that "the US SEC approved the XRP spot ETF," leading to a brief 5% increase in XRP's price, which quickly fell back down as people realized it was a mistake. What are the three new XRP ETFs? These ETFs do not directly buy XRP but rather bet on the volatility of futures prices. On April 30, the US ProShares company is set to launch:
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 of which are futures, with no spot ETFs. On April 25, the XRP spot ETF was listed in Brazil, and on May 19, XRP futures will go live on the Chicago Exchange, potentially paving the way for a spot ETF. So when will the SEC approve the spot ETF? Big companies like Grayscale are applying, but the SEC has not yet given any indication. Currently, the imitation ETF season is approaching, with over 70 ETF applications; everyone is betting that the new SEC chair will allow them. XRP, Sol, and LTC are the next key players, while Doge, Bonk, and PENGU are also jumping on the bandwagon to join the ETF hype, likely just to exploit retail 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 future increases.
Regardless, talking without action is useless. To truly profit, one must position themselves in advance. If you don't know which one has the best cost-performance ratio, you can follow me, the village is currently laying out plans.
