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- 🚀 Gate Square Newbie Village · Episode 1 ✖️ @Ryakpanda Community
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🔥 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, - 🚀 Gate $PUMP Futures Trading Challenge is Now Live!
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💦 $XRP Futures Hit $1 Billion
Bitcoin has traditionally been the main asset for institutional investors. However, recent data shows that interest in other cryptocurrencies is growing. XRP and Solana have reached record levels of open interest, which indicates that large players are starting to diversify their portfolios and invest in altcoins. More than 1,000 large investors have open positions. For Ripple, this is an important step forward, as their token is now actively used in institutional trading operations.
After quite a strong growth, such positive moments do not affect its price in any way. Perhaps we are seeing a slight lull before another good upward movement.