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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,
📊 Options expiration this Friday: ~$2.8 billion at stake
💰 Bitcoin (BTC):
• Notional value: $2.57 billion
• Put/Call Ratio: 0.91
• Max pain: $93,000
💰 Ethereum (ETH):
• Notional value: $257 million
• Put/Call Ratio: 1.20
• Max pain: $1,800
👀 The point of maximum pain can cause market makers to push the price towards those levels to maximize their profits and losses from investors.