Remittix (RTX) Continues to Attract Investors, Raising Over $13M

In a surprising move, the US SEC officially acknowledged Grayscale Investment’s filing to convert its XRP and Dogecoin Trusts into ETFs.

In a surprising move, the US SEC has officially acknowledged Grayscale Investment’s filing to convert its XRP and Dogecoin Trusts into ETFs. The move signals a potential shift in the regulatory landscape for crypto investment products and could open access to spot Dogecoin ETFs in the crypto market by 2025.

Meanwhile, a new DeFi project known as Remittix (RTX) continues to attract interest from investors, with over $13 million raised. The project aims to fix massive real-world problems, such as high fees and multi-day delays when sending money across borders, a move that has seen the RTX token rally by over 347% to sell at $0.0671 from its starting price of $0.0150.

Will Dogecoin ETFs Be A Possibility In 2025

The SEC’s acknowledgement of spot Dogecoin ETFs triggers a review period with a mandated 240-day deadline for the agency to reject or approve the ETF applications. The 240-day timeline normally starts once the Grayscale’s ETF filings are presented to the US SEC’s Federal register.

Dogecoin ETF acknowledgement probability | Source: X

However, the regulator had officially recognized Grayscale’s Dogecoin and XRP ETF filings, signaling a significant shift in crypto EFT products. Only Ethereum and Bitcoin ETFs have been formally accepted and released. According to a previous tweet by James Seyffart, a Bloomberg analyst, on February 10, he accurately predicted that the SEC would acknowledge both Dogecoin and XRP EFT fillings.

While the SEC’s acknowledgement of Dogecoin’s ETF filing doesn’t imply an official approval, it does indicate the regulator is being more open-minded and not outrightly rejecting the applications. This signals a positive step towards having a Dogecoin ETF in 2025.

4 reasons Why Remittix Is the Best Crypto To Buy Now

The core mission for Remittix (RTX) is to fix the real-world issues associated with most traditional methods of sending money across the border. This includes high fees, delays, and insecurities. Instead of limiting people to complex crypto steps, Remittix’s PayFi offers a near-instant settlement. This focus on actual, daily financial needs gives it a footing that goes beyond speculative hype.

Many new tokens usually promise significant returns b ut falter when it comes to investor protection and transparency. Remittix aims to solve this by locking team tokens for three years, easing the fear of a quick sell-off. A full audit also reassures backers wary of scams, especially in the presale market filled with unverified claims.

With over $13 million in funds and a price rally to $0.0671, Remittix showcases significant growth, with the project already gripping the attention of retail and institutional players. Remittix’s robust presale and properly defined roadmap indicate high confidence in the RTX’s future. When early buyers flock at such a scale, the token usually has a clear path to expand further post-launch while attracting major listings.

Remittix is also easily accessible, offering what experts call a high upside. This has seen the project being labeled the next XRP 2.0, owing to its capability to simplify cross-border transfers, with its user-friendly design set to reach a wider audience. If the Remittix PayFi model continues gaining traction, it could mirror Dogecoin’s price movement for significant gains.

Can Remittix Mirror Dogecoin’s Previous Rally?

Dogecoin could have its EFT approval in 2025, which will help propel the DOGE price to new heights. Similarly, by addressing key issues faced by a trillion-dollar industry, Remittix is on the right track to become a top 2025 altcoin. Its unique capabilities, locked liquidity, and thorough auditing make it a strong candidate for sustained growth.

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