The SEC is reviewing multiple XRP ETF proposals, generating interest among investors, especially following Ripple's recent legal victory.
First XRP ETF Already Trading
ProShares launched the Ultra XRP ETF on NYSE Arca on July 18, providing 2x exposure to XRP futures. This milestone has set the stage for further spot ETF applications from notable managers.
Key Filing Deadlines for ETFs
October is seeing important decisions regarding various spot ETF applications: October 18 – Grayscale XRP Trust conversion; October 19 – 21Shares Core XRP Trust; October 20 – Bitwise; October 24 – Canary Capital; October 25 – WisdomTree, Franklin Templeton, and CoinShares. Each aims to offer direct, regulated XRP exposure, similar to approved Bitcoin and Ethereum spot ETFs.
Interesting Opportunities and the MAGACOIN Market
MAGACOIN FINANCE has raised $12.5 million in record time, signaling growing investor interest. The project stands out due to its community engagement and limited supply, which could be appealing for those looking to enter the market before liquidity expands.
With the approach of the XRP ETF launch and new interest in MAGACOIN FINANCE, the cryptocurrency market is poised for significant changes and new investment flows.
