Attention is focusing on the U.S. prediction market platform Kalshi as it pursues the listing of perpetual futures products based on a number of altcoins, including Ripple (XRP). It has been revealed that Kalshi recently submitted an application to the U.S. Commodity Futures Trading Commission (CFTC) for perpetual futures products related to 12 altcoins, including XRP, Ethereum, and Solana.

Currently, Bitcoin remains in a somewhat sluggish phase, and it is expected to take a considerable amount of time before the altcoin perpetual futures products are approved. The CFTC maintains its position that it will strictly review assets other than Bitcoin individually, considering factors such as liquidity, volatility, and market structure for each asset. The market views Kalshi's application as an important testing ground for expanding the altcoin derivatives market within the U.S. regulated framework. In particular, there are assessments that if XRP expands its scope of utilization as a regulated financial product in the future, the channels for institutional capital inflow could widen. On the other hand, regulators have pointed out that the high volatility of some altcoins could be a risk factor in terms of investor protection, making the final approval uncertain.

Meanwhile, Coinbase recently announced that it has made a strategic investment in ProShares' money market ETF, the 'IQMM (ProShares' GENIUS Money Market ETF)'. The ETF is a money market ETF custom-designed to align with the GENIUS Act, investing in ultra-short-term U.S. Treasury bonds with maturities of 93 days or less, as well as cash and cash equivalents.

[※ This article was written for the purpose of providing investment information, and the investment decision and responsibility lie with the investor. It was written using AI.]