The Federal Reserve cut interest rates by 25 basis points on Wednesday, lowering its target range to 4%-4.25%. 

XRP is getting a major push into traditional markets this fall with new ETF and derivatives offerings aimed at broadening investor access.

The SEC has approved a new rule allowing U.S. exchanges to list spot crypto ETFs without individual reviews, cutting down delays and red tape for issuers.

Top stories in the Crypto Roundup today:

• Fed Cuts Rates as Economy Slows, Bitcoin Eyes Potential Upside
• First U.S. XRP ETF Launches Sept. 18, CME to Add XRP Options in October
• SEC Eases Crypto ETF Rules, Approves Grayscale’s Digital Large Cap Fund

Fed Cuts Rates as Economy Slows, Bitcoin Eyes Potential Upside

The Federal Reserve cut interest rates by 25 basis points on Wednesday, lowering its target range to 4%-4.25%. 

It’s the first reduction since December 2024 and comes as job growth slows and recession fears grow.

Fed Chair Jerome Powell called it a “risk management cut,” citing rising unemployment and economic uncertainty. He pushed back on calls for deeper cuts but left the door open for more easing later this year.

Bitcoin rose 1% immediately after the announcement before retreating. It’s now trading at around $117,000. Analysts say the Fed’s more dovish tone could boost crypto markets if further cuts follow.

A slight majority of Fed officials now expect two more cuts this year, though nearly a third expect no change. Markets will be watching closely.

First U.S. XRP ETF Launches Sept. 18, CME to Add XRP Options in October

XRP is getting a major push into traditional markets this fall with new ETF and derivatives offerings aimed at broadening investor access.

REX Shares and Osprey Funds will roll out the first U.S.-listed spot ETFs for XRP and Dogecoin on Sept. 18. Trading on the Cboe BZX Exchange under tickers XRPR and DOJE, the funds hold the tokens directly but may also use overseas ETFs or derivatives to maintain exposure, depending on market conditions.

While not fully “pure” spot ETFs, these funds mark the first time retail brokerage accounts in the U.S. will be able to gain structured access to XRP and DOGE, joining Bitcoin and Ether in the ETF lineup.

On Oct. 13, derivatives giant CME Group plans to expand its crypto offerings with options on XRP and Solana futures. Both standard and micro contracts will be available, with expiries ranging from daily to quarterly. The move is pending regulatory approval.

XRP futures have seen more than $16.2 billion in notional volume since launching in May. CME cited growing institutional demand for altcoin hedging tools as a reason for the new listings.

SEC Eases Crypto ETF Rules, Approves Grayscale’s Digital Large Cap Fund

The SEC has approved a new rule allowing U.S. exchanges to list spot crypto ETFs without individual reviews, cutting down delays and red tape for issuers.

The move could accelerate the rollout of funds tied to cryptocurrencies beyond Bitcoin and Ether. ETF issuers will now only need to meet broad listing standards, avoiding the months-long approval process that previously applied.

As part of the update, the SEC also approved Grayscale’s Digital Large Cap Fund, which tracks a basket of five major tokens, including XRP and Solana.

State of the Crypto by Top Tier Exchange Volume

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