The news about XRP's ETF is getting more and more interesting!
Last week, that fake news about "SEC approving a spot ETF" directly pushed the price up by 5%, but just a few minutes later it was exposed for what it was, playing with people's emotions.
Currently, there isn't even a proper XRP spot ETF in the U.S. market; all that's happening is a chaotic mess with 3x leveraged products, clearly indicating that big funds are testing the waters to harvest retail investors.
On the global regulatory front, things are also in disarray—Brazil has jumped the gun and launched an XRP spot ETF, but its trading volume is only about $3 million a day, which is nearly non-existent; CME is about to launch XRP micro futures, but this seems more like a hedge for institutions and has nothing to do with ETFs. The most critical issue is that the SEC is still stubbornly grappling with the old question of "Is XRP a security?" Until this is resolved, a U.S. spot ETF is basically out of the question.
Now, during this altcoin season, speculation is ramping up. The SEC has over 70 applications for altcoin ETFs piled up on their desk, and everyone is betting whether the new chairperson will give in. Because XRP has had a bloody battle with the SEC before, it has ironically become a barometer for policy direction, but don't get too optimistic—three months before the Bitcoin ETF was approved, related concept coins fell by an average of 27%, and XRP's top ten addresses control 68%, meaning the whales can dump at any time.
Looking at the ecosystem, XRP's market cap is double that of SOL, but its ecological development lags far behind—SOL's DeFi locked value is $8.2 billion, while XRP is only $470 million; the number of protocols on SOL is nine times that of XRP. Institutions also prefer SOL because it has a higher circulating supply ratio and less selling pressure. If an ETF is approved, SOL's explosive potential may be even greater.
In summary, the altcoin season is stirring, and both XRP and SOL can be cautiously positioned, but be careful not to get overly excited; the market is currently more thrilling than a casino and could turn on you at any moment! Recently, I plan to position in an altcoin with explosive potential, doubling my investment should be quite simple, and I expect the potential to exceed three times.
I am Mo Fei, serving only those with vision and ambition!
