Daily Market Wrap | Sep. 18

Hot Topics

• Fed cuts rates by 25bps as Trump pushes for more.
• SEC plans to streamline crypto ETF approvals with general listing standards, requiring only S-1 filings and a 75-day wait for qualifying tokens.
• Trump extends TikTok enforcement delay to December 16, 2025, with no penalties for prior noncompliance.
• Ripple, Franklin Templeton, and DBS partner to offer tokenized money market fund trading and lending on XRP Ledger, listing sgBENJI and RLUSD.

Market Updates

• Tuttle Capital filed for Bonk, Sui, and Litecoin ETFs with the SEC, using put credit spreads to manage volatility and generate income.
• REX-Osprey launches the first U.S. XRP ETF (XRPR) on Sept. 18, while CME plans options on XRP futures for Oct. 13.