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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
The financial markets are focused on the Fed meeting scheduled for September 20. Mohit Kumar, a strategist at Jefferies, pointed out that the core of this meeting will be the tone of Fed Chair Powell's speech. Kumar believes that if Powell emphasizes inflation risks or the uncertainty of the economic outlook more during the meeting, the market may drop its expectations for future interest rate cuts.
This view has sparked market speculation about the direction of the Fed's policy. Some analysts believe that the Fed may first release some ambiguous signals before considering actual rate cut actions. If this strategy is true, it will bring more uncertainty and volatility to the market.
At the same time, the cryptocurrency market is closely monitoring this trend. The movements of mainstream cryptocurrencies such as Ethereum (ETH) and Dogecoin (DOGE) may be influenced by Fed policies. Some investors believe that if the Fed sends dovish signals, it could trigger a new round of cryptocurrency bull market.
However, investors should be cautious about the various predictions and concepts circulating in the market. Although some anticipate that new investment hotspots may emerge, these predictions often carry significant uncertainty. When making investment decisions, investors should consider a wide range of factors rather than relying solely on a single market rumor or concept hype.