Excitement is growing in the cryptocurrency market as six asset managers prepare for the U.S. Securities and Exchange Commission’s (SEC) decision on spot XRP exchange-traded funds (ETFs). Meanwhile, Yeti Ouro (YETIO), a blockchain gaming token, is progressing towards stage three of its presale after raising over $2 million in funding.
It is clear that investors and gamers alike are rushing to buy into the YETIO presale, spurred by a limited-time 20% bonus until January 31st to mark the Chinese New Year.
XRP ETF Filings Gain Traction As SEC Decision Looms
Currently, there are six asset management firms which have submitted applications for XRP linked ETFs – WisdomTree, Bitwise, 21Shares, Canary Capital, CoinShares, and Tuttle Capital Management. The first five firms have put in drafts for spot XRP ETFs and Tuttle Capital has proposed leveraged ETFs which include a 2x leveraged XRP ETF.
Nonetheless, there have been no 19b-4 submissions to date which means that the SEC’s due diligence review process has not commenced. The legal status of XRP is still not clear, which is a significant problem.
However, there are speculations that the recent meeting between the CEO of Ripple Brad Garlinghouse and President of the United States Donald Trump may mean that there is a positive change to the acceptance of crypto-related investment products under the new administration.
SEC Lawsuit Against Ripple Mysteriously Removed from Website
Amid XRP ETF anticipation, there are reports that the SEC has taken down the information about the lawsuit against Ripple Labs from its website. Several members of the crypto community pointed out that the case was no longer present in the “Litigation Releases” section, while other current court battles, including those against Coinbase, are still there.
Nevertheless, the Ripple case remains available in other parts of the website, namely in the sections “Award Claims” and “Cases on Appeal.” Hogan & Hogan’s lawyer Jeremy Hogan shared his thoughts on the matter on X (previously Twitter): ‘It could be something inside the SEC but this has nothing to do with the lawsuit’. The court doesn’t care what the SEC does on its website.”
The SEC first filed the case in December 2020, where it accused Ripple Labs and its two top executives, Brad Garlinghouse and Christian A. Larsen, of selling $1.3bn worth of XRP in unregistered securities offerings. XRP price is currently trading at $3.09 on CoinMarketCap.
Yeti Ouro Presale Gains Momentum
Yeti Ouro, an ERC-20 token that focuses on blockchain gaming, has attracted significant investment in its presale phase. The project has sold over 151,000,000 tokens with the stage 2 presale price of YETIO tokens at $0.017 each. Yeti Ouro’s presale success has been remarkable, indicating strong investor interest raising over $2,000,000 in just 2 stages. With such a trajectory, analysts predict the YETIO price to surge past $1 in the upcoming months.
Additionally, having been through a thorough audit by SolidProof has further bolstered investor confidence and trust in ensuring the project is secure and transparent.
The token powers Yeti Go, a racing game that runs on Unreal Engine 5 and whereby players can get YETIO tokens as they play the game. The development team consists of professionals who have previously contributed to Dead Space, Call of Duty, Spiderman, and The Witcher. The high quality graphics and the play-to-earn (P2E) model have also likely played a role in the project’s popularity.
Here is a glimpse into the level 1 map of the game.
Please note that this image is from a game currently in development. It does not represent the final product.
Yeti Ouro’s Expanding Ecosystem and Future Potential
Apart from gaming, Yeti Ouro embraces staking, yield farming, and in-game purchases adding to the versatility of its use. This token also has a burn mechanism which will help to decrease the overall supply of tokens and promote its growth in value.
Recently, the smart contracts of Yeti Ouro were audited by SolidProof, reassuring the investors. According to market experts, the value of Yeti Ouro may surge ten times before the end of 2025 due to the expansion of the gaming industry and current presale sales.
As the SEC shifts its position on XRP ETFs and Yeti Ouro continues to expand, both projects remain important factors within the cryptocurrency space. Investors looking for high reward opportunities, Yeti Ouro offers a unique proposition in the ever-evolving crypto market.
Join The Yeti Ouro Community
Website: https://yetiouro.io/
X (Formally Twitter): https://x.com/yetiouro
Telegram: https://t.me/yetiouroofficial
Discord:https://discord.gg/YtUsEZ2Zr
