XRP ETF Launch awaits as Traders watch Closely
Traders are keeping a close eye on the XRP price as it hovers near the crucial $3 mark. Anticipation is building ahead of the release of the Rex-Osprey XRP ETF on September 12th.
- This ETF marks the first U.S.-based spot XRP fund
- The SEC might approve more spot ETFs in October
The spotlight will shine on the Rex-Osprey XRP ETF, set to become the country’s first spot XRP fund. Distinguished from upcoming funds by companies like Franklin Templeton, Bitwise, and Invesco, it operates under the Investment Company Act of 1940. This enabled a quicker 75-day review process.
Another distinction? Investors will gain XRP exposure via Rex-Osprey’s Cayman Islands entity. Similar to the accomplished Rex-Osprey SOL + Staking ETF, this fund carries a higher cost with a 0.75% expense ratio.
The real catalyst for XRP growth lies in further ETF approvals expected from the SEC in October. Polymarket data indicates a 92% chance of these happening this year. Analysts predict significant inflows to XRP funds in the initial stages, possibly tapping into over $9 billion of assets within the first year.
The XRP price的技术分析显示了几个可能触发近期上涨的图表模式。特别是在双底和楔形突破图形的支持下，XRP 有望反弹并接近 $4.30 的极端超买水平。
