🌕 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,
Recently, the Federal Reserve announced a 25 basis point cut in the Intrerest Rate, but this decision seems to have failed to stir much in the market. In fact, the impact of this move had already been fully priced in by the market two weeks ago, so much so that there was almost no noticeable reaction when the announcement was made.
This situation raises questions about why Wall Street analysts' predictions are so accurate. It seems they have already been privy to all the information in advance. This phenomenon may suggest that large institutional investors have already made corresponding investment arrangements based on this expectation. For ordinary investors, recklessly entering the market at this time may pose the risk of being left holding the bag.
It is worth noting that the impact of this interest rate cut on the cryptocurrency market may also be quite limited. The Federal Reserve's move is more like a shot in the arm for the overall economy, but its effect may be negligible by the time it reaches the cryptocurrency market. Therefore, cryptocurrency investors should not overly expect this interest rate cut to bring about a significant market rise.
In this situation, investors need to remain calm and rational, carefully assessing market trends rather than blindly following them. Whether in traditional financial markets or cryptocurrency markets, caution is required to make informed investment decisions.