Hold onto your hats, folks, because Coinbase Institutional has just dropped a bombshell that’s got the crypto world buzzing like a hive of hyperactive bees 🐝. Coinbase Derivatives, in a move that’s as bold as it is brilliant, has filed with the Commodity Futures Trading Commission (CFTC) to self-certify XRP futures. Yes, you heard that right—XRP futures! This isn’t just any old financial maneuver; it’s a regulated, capital-efficient way for investors to dive headfirst into the XRP pool, one of the most liquid digital assets out there. Mark your calendars for April 21, 2025, because that’s when these futures contracts are expected to go live. More details? Oh, they’re coming soon, so keep your eyes peeled 👀.
Now, futures contracts might sound like something only Wall Street wizards care about, but this development is a big deal. Why? Because it could be the golden ticket to the approval of spot exchange-traded funds (ETFs) for XRP. Remember how the SEC gave the green light to Bitcoin and Ethereum spot ETFs? Well, that was largely thanks to the existence of regulated futures markets. So, if XRP futures get the nod, it could be game on for XRP ETFs 🎮.
And speaking of ETFs, the excitement is building like a pressure cooker. Major players like Bitwise, 21Shares Core XRP Trust, Canary, ProShares, and Franklin Templeton are all throwing their hats into the ring with XRP ETF filings. It’s like a who’s who of institutional investors, and they’re all clamoring for a piece of the regulated crypto pie 🥧.
We’re excited to announce that Coinbase Derivatives has filed with the CFTC to self-certify $XRP futures – bringing a regulated, capital-efficient way to gain exposure to one of the most liquid digital assets.
We anticipate the contract going live on April 21, 2025.
Stay tuned…
— Coinbase Institutional (@CoinbaseInsto) April 3, 2025
But wait, there’s more! Grayscale, the heavyweight champion of crypto funds, has filed to convert its large-cap fund into an ETF. This is part of a growing trend toward basket ETFs, which are expected to attract a flood of investor money. It’s like the crypto world is building a financial juggernaut, and everyone wants in 💰.
All of this comes on the heels of the long, drawn-out legal battle between Ripple and the SEC finally coming to an end. After four grueling years, the XRP community can finally breathe a sigh of relief. CEO Brad Garlinghouse recently announced that the SEC has decided to drop its appeal in the case, though we’re still waiting for an official statement from the SEC. It’s like waiting for the final scene in a courtroom drama—will they or won’t they? 🎬
Read More
- Lucky Offense Tier List & Reroll Guide
- Indonesian Horror Smash ‘Pabrik Gula’ Haunts Local Box Office With $7 Million Haul Ahead of U.S. Release
- Best Crosshair Codes for Fragpunk
- What’s the viral ‘Velocity’ trend on TikTok?
- Make Meth in Schedule 1: The Ultimate Guide
- Pirate Copy of Minecraft Movie Leaks Online
- Unlock Coca Seeds in Schedule 1: Your Path to Cocaine Production!
- SWORN Tier List – Best Weapons & Spells
- Unlock All Avinoleum Treasure Spots in Wuthering Waves!
- Ultimate Tales of Wind Radiant Rebirth Tier List
2025-04-04 07:38