Spot XRP ETF’s prospects; Rebel Satoshi rising on strong market activity
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The possibility of a spot XRP ETF in the U.S. and the emergence of Rebel Satoshi (RBLZ) continues to trend.
A spot XRP ETF in the U.S.?
There are speculations that a spot XRP ETF might be approved in the U.S. sometime in the future.
A chatbot suggested that a spot XRP ETF may not require approval of a futures ETF, which sparked a debate.
Bloomberg ETF analysts Eric Balchunas and James Seyffart both weighed in, with Seyffart noting that a futures market, not necessarily a futures ETF, is needed for approval.
Financial expert Scott Johnsson agreed, stating that a futures ETF enhances the chances of approval for a spot ETF.
Rebel Satoshi’s rise
Rebel Satoshi, a platform on Ethereum, is known for its rebellious agenda and community-driven approach.
The goal is to challenge norms, promote unity, and contribute to the decentralization movement. Their goal is to eventually command a market cap of over $100 million.
In the Monarchs Round 4 presale, RBLZ is available for $0.0224.
The project has sold over 116 million tokens, raising more than $1.5 million.
Rebel Satoshi has also been audited by Source Hat, a cybersecurity firm.
Wrapping up
Though unlikely in the short term, the filing and approval of a spot XRP ETF might impact crypto prices. Meanwhile, Rebel Satoshi’s popularity reflects the increasing significance of meme coins. Investors are considering RBLZ in the ongoing presale.
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