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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,
Good News From The Trillion-Dollar Giant For Ethereum
Fidelity has added a "staking" section to its spot Ethereum ETF file.
ETH may attract more attention to the ETF due to staking income.
In terms of price potential, ETH is more promising.
While the majority of cryptocurrency investors are burying their heads in meme-coins that are useless, big things are happening. For Ethereum, we have been talking about the significant consequences of ETF applications for a long time. This isn't just the opening of access to the largest altcoin in traditional markets, it's a huge step.
Ethereum Last Minute
According to the previous announcement, a staking section has been added to Fidelity's spot Ethereum ETF application. Accordingly, the ETF issuer will also be able to run nodes with client assets and earn up to 5% annual ETH earnings. When this is distributed to customers, the business turns into something completely different.
The Ethereum ETF is much more attractive than Bitcoin, and most investors have not grasped this. It is likely that by the time the market clearly understands this, the ETH price will not be here. Or the SEC will definitely reject the applications, and all these will go down in history as overly optimistic scenarios.
Why is Ethereum ETF better?
It gives up to 5% annual earnings in ETF terms. For ETF investors, this is a huge deal.
The Ethereum ecosystem continues to grow, and Ethereum is described as the computer of the internet.
Judging by the market capitalization, there is more room for growth for ETH price.
ETH has yet to approach its ATH level.
The RWA space is expected to reach a market capitalization of up to $5 trillion, and major financial institutions are conducting most of their asset tokenization experiments on the Ethereum network.
The Ethereum ecosystem is far ahead of all other alternatives in terms of its value locked in the network and many other aspects.
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