XRP Price Slumps Today—Why Isn’t SBI’s ETF Filing Pumping It?
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XRP bulls got sucker-punched today as the token defied expectations—dropping despite SBI Holdings’ bombshell ETF filing. Here’s the brutal breakdown.
Market Whiplash: ETF Hype vs. Price Reality
On paper, SBI’s move should’ve been rocket fuel. Instead, XRP’s chart looks like a skydiver without a parachute. Traders expected a rally; they got a faceplant.
The Cynic’s Take: Wall Street’s ‘Innovation’ Strikes Again
Another day, another ‘groundbreaking’ crypto product that does squat for actual prices. Maybe the ETF’s stuck in regulatory purgatory—or maybe the market’s just tired of empty promises. Either way, hodlers aren’t smiling.
SBI Holdings has officially filed to launch a new XRP ETF, making a bold move in Japan's regulated financial market. The proposal includes two new exchange-traded funds—one is a gold-crypto mix with over 51% in gold and the rest in Bitcoin and XRP, while the other i... Read More
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