XRP is gaining traction in traditional finance as new ETFs for XRP and Dogecoin debut on the Cboe BZX Exchange on Sept. 18, under the tickers XRPR and DOJE. Currently, XRP is trading at approximately $3.0263, down nearly 1%. These ETFs, although not entirely “pure” spot products, hold XRP and DOGE directly while also investing in other spot ETFs outside the U.S. This innovative structure reflects the complexities of regulated crypto ETFs. Additionally, CME Group plans to launch XRP and Solana options on Oct. 13, pending regulatory approval. This expansion includes various expiry choices and aims to cater to institutions and active traders. Since March, SOL futures have recorded over 540,000 contracts, while XRP futures have surpassed 370,000 contracts. The inclusion of these altcoin options signifies a broader market shift beyond just bitcoin and ether, enhancing hedging tools in the rapidly evolving crypto landscape.
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