Solana and XRP Spot ETFs: Here’s When to Expect Them, RWA Giant Rexas Finance (RXS) Surpasses $2.75M in Presale as Stage 3 Sell Out Faster Than Planned
The post Solana and XRP Spot ETFs: Here’s When to Expect Them, RWA Giant Rexas Finance (RXS) Surpasses $2.75M in Presale as Stage 3 Sell Out Faster Than Planned appeared on BitcoinEthereumNews.com.
The market of cryptocurrency is continuously changing and one of the best prospects to invest currently being evangelized is the approval for spot exchange-traded funds (ETFs) for most popular cryptocurrencies. After a massive step towards launching a spot Ether (ETH) ETF, market researchers switched their focus to the next in line. Standard Chartered’s Geoffrey Kendric says Solana and Ripple’s XRP coins may also get popularity as ETFs but he feels that may happen late in 2025 rather than 2024. “For other coins (e.g. SOL, XRP), the markets take a step forward and speculate the listing of the ETF in the long term,” Kendric explained, that for the time being, Bitcoin and Ether will continue to be the market leaders and take up the lion share of market revenue.Even as the hype remains on when Solana and XRP will be awarded an ETF, another coin has even made more news due to better performance—Rexas Finance (RXS). This innovative platform that seeks to concentrate on real-world asset (RWA) tokenization has just surpassed an astonishing $2.75 million in presale funding. Quite similarly, stage 3 of the presale also sold out quicker than the expectation stating the huge popularity of this new token. Solana and XRP Spot ETFs With the approval of an important filing in the race to launch a spot ether (ETH) exchange-traded fund (ETF), industry leaders are already wondering which cryptocurrency could be next. Standard Chartered (STAN) said it believes Solana (SOL) or Ripple’s XRP could be the next contenders, but not until 2025. The Securities and Exchange Commission (SEC) on Thursday approved forms 19b-4 filed by would-be issuers. While this is an important step in the race to launch a spot ether ETF, it is only one of two forms that needs approval from the regulator. Rexas Finance (RXS):…
Filed under: News - @ October 11, 2024 12:25 am