Rex Shares and Osprey Funds Firms announced that it will air its first XRP-based cash, Ripple Cryptocurrency, on its X account this week.
Complying with 1940s laws, the product combines the value of actual XRP with cash, treasure liabilities and several derivatives, explained journalist Eleanor Terret. This design is distinguished from traditional cash by larger regulations.
Meanwhile, other managers such as Grayscale, Bitwise, Canary Capital Group, 21Share, and Wisdom Tree are awaiting decisions by the U.S. Stock Exchange and Securities Commission (SEC) on their own XRP ETF requests, as reported by Criptonoticias.
Meanwhile, at Polymarket, a decentralized cryptocurrency betting platform, 96% of participants bet on ETF approval. A significant increase from 73% registered a month ago.
This platform, which includes real money, is considered a reliable indicator of market sense for financial and political issues, outperforms traditional research.
Approval of this ETF It can increase XRP visibility among traditional investors and increase ecosystem liquidity From Ripple Labs. Furthermore, when operated in a manner similar to traditional actions, ETFs will encourage the entry of corporate and business capital into the XRP market.
