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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,
🚨When we examine the total stablecoin supply, we see that the circulating supply has been steadily increasing.
💸The increase in stablecoin supply is a positive development for the growth of the crypto market. When we look at where this growing supply flow is directed, we observe that while the amount of stablecoins entering spot markets is increasing, the flow entering derivative (futures) markets has remained stable. This situation indicates that the increase experienced in the past week is fundamentally healthy. Stablecoins entering spot markets make price increases more sustainable and well-supported; this reduces market volatility and allows for a continued stable upward momentum.