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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,
Market analysis: It is unlikely that the Fed will cut interest rates three times this year.
Jim Smigiel, Chief Investment Officer of SEI, said that the market's expectation of three interest rate cuts by the Federal Reserve this year seems excessive. In a report, he stated, "We don't expect to see that scenario." He mentioned that a 25 basis point rate cut in September seems possible, while further cuts in December are still on the table.