🌕 Gate Square · Creator Incentive Program Day 8 Topic– #XRP ETF Goes Live# !
Share trending topic posts, and split $5,000 in prizes! 🎁
👉 Check details & join: https://www.gate.com/campaigns/1953
💝 New users: Post for the first time and complete the interaction tasks to share $600 newcomer pool!
🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
Hong Kong Securities and Futures Commission: New licensing legislation for virtual asset OTC Trading and custody is expected to take at least one year.
Golden Finance reports that Yip Chi-hang, the Executive Director of the Intermediary Institutions Division of the Hong Kong Securities and Futures Commission, stated that the primary task in the short term is to launch new regulatory licenses for OTC Trading of virtual assets and virtual asset custody. The commission will cooperate with the Hong Kong government to consult on the two new licenses and submit legislative proposals, with legislation expected to take at least one year, and full implementation possibly taking about one and a half to two years. In addition, Yip disclosed that as the market develops, they will consider expanding product choices for professional investors and will publicly announce plans for adjustments to the market mechanism.