Ripple (XRP) News Today, September 2nd

Ripple, along with its native token, went through an eventful week, marked by some interesting announcements and impressive ￰0￱ Card Focused On XRP Rewards Gemini unveiled its latest product last week, a credit card that gives holders varying percentages back from purchases directly in the XRP token. Additionally, it will support Ripple’s stablecoin, RLUSD, which can be used for the US spot trading markets on Gemini’s trading ￰1￱ XRP ETF Listing, But With A Twist The Securities and Exchange Commission (SEC) in the United States has a long-standing history of delaying ETF decisions for Ripple’s native token, but it could potentially be different this ￰2￱ by an Illinois investment company with over $12 billion in assets under management (AUM), this will not be a regular spot ETF, but it will be classified as an Options Income Fund ￰3￱ the name suggests, it will focus on options strategies to generate a monthly yield for ￰4￱ will expire monthly, allowing for a regular strategy reset and a steady income to shareholders.

Meanwhile, odds of a spot XRP ETF approval by year’s end stand at 87% at the time of writing, according to Polymarket.) market cap of over $130 million at the end of the second quarter of ￰5￱ same metric, just two months later, taking data from last week, has made an impressive jump of 144% to over $320 million, according to RWA. xyz.) News Today, September 2nd appeared first on CryptoPotato .