🌕 Gate Square · Creator Incentive Program Day 8 Topic– #XRP ETF Goes Live# !
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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,
In short,
The recent decline in Bitcoin's value has caused a sharp decline in the stock values of public companies exposed to this asset.
Strategy, Metaplanet, and Smarter Web Company have all reported significant losses after months of euphoria.
The value of these companies, whose business model is based on accumulating BTC, is plummeting under the weight of volatility.
Beyond price, the crisis has exposed the structural weaknesses of these companies, which often have no significant business outside of Bitcoin. #My Top AI Coin# #Altcoin Market Rebound# #Gate Square Mid Autumn Creator Incentive# #Fed Rate Cut Expectations# #Stablecoin Regulation And Growth#