🌕 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,
📈 Spot $BTC ETFs See Inflows
Buyer demand for BTC has increased recently, thus we are seeing inflows into spot BTC ETFs. The positive trend is holding up well, and the asset is showing upward dynamics against this background. However, dominance is not in a hurry to decrease, but alts are still showing growth due to the correlation with the main asset.
💰 Asset Entities and Strive will also buy BTC. Asset Entities shareholders approved a merger with Vivek Ramaswamy's Strive Enterprises. The company aims to buy at a discount the depreciated claims for 75,000 BTC ($8.4B) associated with the collapse of Mt. Gox. They are also going to create a BTC reserve of $1.5B. Vivek Ramaswamy is a billionaire, former US presidential candidate, former head of D.O.G.E.
Extremely positive news, which in the long term can give us a good news background and support for market growth. I recommend monitoring the dynamics of the decision on the BTC reserve.