xrp etf seed capital requirements force $55-275m buying november 12-13 launch. 11 products need $5-25m each before trading starts. jane street jump drw already accumulating 50-100m xrp for market making. exchange balances dropped 280m tokens past 2 weeks but price flat. structural demand not speculation. ...

Core Market Performance - The core markets of copper, gold, and iron ore are performing strongly, driven by customers' efforts to maximize production and favorable commodity prices [3] - Positive activity levels are observed in both original equipment and aftermarket segments [3] Demand Influences - Demand in the quarter was slightly affected by disruptions in certain copper mines and a decline in demand for diamonds, platinum group metals, and mineral sands [4] - Despite these short-term effects, overall activity levels in global mining markets remain positive [4] Business Resilience - The diversified and resilient nature of the business continues to deliver growth, supported by strong performance in the Minerals and ESCO divisions [4][5]

Core Viewpoint - Eaton Corporation (NYSE: ETN) shares are considered attractive for purchase with a target price set at $420, driven by stable structural trends that are expected to accelerate revenue growth [1] Summary by Relevant Sections - **Company Overview** - Eaton Corporation is positioned to benefit from stable structural trends that will enhance its revenue growth potential [1] - **Investment Thesis** - The target price of $420 reflects confidence in the company's growth trajectory despite its high valuation [1]