CandleFocus The XRP ETF filing: A sign of regulatory progress or wishful thinking?
2024-10-02
Author: Content Editor
In the crypto news content, it is mentioned that Bitwise and Canary Capital have filed for XRP ETFs, which would hold the XRP asset. The filing comes at a time when there are positive regulatory developments for spot crypto ETFs in the US market. However, the approval of XRP ETFs may be impacted by the ongoing legal battle between the SEC and Ripple Labs. The article also mentions that Trump's victory in the US presidential election could increase the chances of approval for an XRP ETF. Additionally, the content briefly mentions the number of times crypto was mentioned during the vice presidential debate and provides an update on the US labor market. Lastly, it highlights the successful launch of CME Group's Bitcoin Friday futures, which saw high trading volume compared to previous crypto derivatives offerings.
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