➡️ Summary of the XRP ETF
What is it? 🪙 A new type of investment fund (ETF) for the cryptocurrency XRP. It is the first to have partial exposure to the real XRP market.
When? 🗓️ Approval is expected on Thursday, September 18, with trading starting on Friday.
Details: 📜 Although it is called "spot", it is not 100% pure. The fund invests in XRP directly, but also in shares of other ETFs and uses companies abroad.
Importance: 🚀 This ETF, called Rex-Osprey XRP (symbol XRPR), is a significant step that could pave the way for 100% spot funds in the future.
Expectation: 🤔 The market is watching the reaction of investors. If XRP futures have high demand, the spot ETF will likely attract even more interest.
Effect on price: 📈 The price of XRP has remained above US$ 3 and the expectation is for high volatility in the coming days due to the launch.
