On January 6, 2025, the Chicago Board Options Exchange submitted four applications for XRP exchange-traded funds to the SEC. Despite the recent drop in XRP prices, investors are turning their attention to the new meme coin Yeti Ouro.
XRP ETF Development: Current Progress
On October 8, 2024, Canary Capital submitted a registration statement to the SEC for the proposed XRP ETF. Canary expects its ETF to provide investors exposure to XRP's price movements without the complexities of owning the asset. The fund will invest in XRP and benchmark its price against the dollar. Interest in XRP ETFs has risen since the legal victory against the SEC by Ripple Labs.
Yeti Ouro's Popularity in DeFi and GameFi
Yeti Ouro (YETIO) is a cryptocurrency project focused on bridging DeFi and GameFi. The Yeti Ouro Ecosystem includes 'Play-to-Earn' racing game Yeti Go, under development on Unreal Engine 5. The game is generating buzz with its gameplay mechanics and reward system. Developers have collaborated with talents from Call of Duty and Spiderman, and music is engineered by experts known for work with Major Lazer.
Yeti Ouro Presale and Future Prospects
Yeti Ouro's presale sold over 168 million tokens at $0.017, with a 10% bonus for purchases. The presale will enter Stage 3, with expected price increases and investor interest. In August 2024, Yeti Ouro was audited by SolidProof, enhancing credibility and investor confidence. Yeti Ouro is establishing itself in DeFi and GameFi with its presale success and unique ecosystem.
The XRP ETF applications indicate growing interest in the token, while Yeti Ouro draws attention as a promising DeFi and GameFi project.
