XRP spot ETFs were supposed to start trading today, got delayed
The first US exchange-traded fund (ETF) holding spot XRP was supposed to start trading today. Unfortunately, a delay has pushed its debut back. Misinformation about a supposed open for trading of a Rex-Osprey spot ETF is rampant across Ripple and XRP social media. Over the last seven days, XRP has been outperforming other major digital assets in anticipation of the good news. Over that time frame, XRP is up 7% which beats bitcoin’s 3% and ether’s 5% . Although most media reported today’s date as beyond the 75th day of the Securities and Exchange Commission’s (SEC) standard review period for Rex-Osprey’s spot ETF application, delays by the Paul Atkins-led commission have pushed the first day of trading into at least next week. The earliest credible estimate as to the start of trading for the Rex-Osprey spot XRP product is Thursday per one Bloomberg ETF analyst — although additional delays are possible. Google’s blockchain team is building an XRP killer ...