bitcoin
Bitcoin (BTC) $ 66,016.69
ethereum
Ethereum (ETH) $ 3,407.84
tether
Tether (USDT) $ 0.999402
bnb
BNB (BNB) $ 581.56
xrp
XRP (XRP) $ 0.622072
cardano
Cardano (ADA) $ 0.410269
usd-coin
USDC (USDC) $ 0.999412
matic-network
Polygon (MATIC) $ 0.531868
binance-usd
BUSD (BUSD) $ 0.991328
dogecoin
Dogecoin (DOGE) $ 0.130924
okb
OKB (OKB) $ 39.85
polkadot
Polkadot (DOT) $ 5.87
shiba-inu
Shiba Inu (SHIB) $ 0.000017
tron
TRON (TRX) $ 0.134098
uniswap
Uniswap (UNI) $ 7.52
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 66,203.74
dai
Dai (DAI) $ 0.99936
litecoin
Litecoin (LTC) $ 72.88
staked-ether
Lido Staked Ether (STETH) $ 3,407.37
solana
Solana (SOL) $ 176.69
avalanche-2
Avalanche (AVAX) $ 29.02
chainlink
Chainlink (LINK) $ 13.69
cosmos
Cosmos Hub (ATOM) $ 6.18
the-open-network
Toncoin (TON) $ 6.94
ethereum-classic
Ethereum Classic (ETC) $ 23.25
leo-token
LEO Token (LEO) $ 5.85
filecoin
Filecoin (FIL) $ 4.41
bitcoin-cash
Bitcoin Cash (BCH) $ 365.21
monero
Monero (XMR) $ 162.86
bitcoin
Bitcoin (BTC) $ 66,016.69
ethereum
Ethereum (ETH) $ 3,407.84
tether
Tether (USDT) $ 0.999402
bnb
BNB (BNB) $ 581.56
usd-coin
USDC (USDC) $ 0.999412
xrp
XRP (XRP) $ 0.622072
binance-usd
BUSD (BUSD) $ 0.991328
dogecoin
Dogecoin (DOGE) $ 0.130924
cardano
Cardano (ADA) $ 0.410269
solana
Solana (SOL) $ 176.69
matic-network
Polygon (MATIC) $ 0.531868
polkadot
Polkadot (DOT) $ 5.87
tron
TRON (TRX) $ 0.134098

Ripple CEO signals potential for an XRP ETF following Ethereum ETFs approval

Must Read

  • Ripple CEO hints at potential XRP ETFs following Ethereum ETF approvals by SEC.
  • Brad Garlinghouse’s endorsement aligns together with his optimistic outlook for XRP in 2024.
  • Regulatory challenges and Ripple’s SEC lawsuit influence the timing of potential XRP ETFs.

Ripple CEO Brad Garlinghouse has not directly hinted that XRP may very well be the subsequent cryptocurrency to see the launch of exchange-traded funds (ETFs).

This follows the current approval of eight spot Ethereum ETFs by the U.S. Securities and Alternate Fee (SEC).

Spot XRP ETF prospects put up Ethereum ETFs approval

Garlinghouse’s refined nod to the potential for XRP ETFs got here through his response on X (previously Twitter) to a touch upon his put up celebrating the US SEC’s approval of all Ethereum ETF functions. Among the many accredited ether ETF functions had been these from distinguished monetary entities equivalent to BlackRock, Grayscale, VanEck, and Constancy.

Describing the week’s occasions as “momentous” for the crypto business, Garlinghouse likened the SEC’s approvals and the passing of the FIT21 crypto invoice to a “hell freezes over” state of affairs, a sentiment that resonated with many locally, who’ve lengthy anticipated related developments for his or her favored cryptocurrency.

Earlier on in an interview in February, Garlinghouse had expressed his perception that an XRP spot ETF was inevitable.

He emphasised the significance of such an funding product for diversification functions however kept away from committing to a particular timeline, citing regulatory uncertainties as a significant component.

When questioned about potential collaborations with asset managers like BlackRock for an XRP ETF, Garlinghouse remained non-committal, acknowledging the complexities concerned.

Ripple authorized battles standing in the best way of an ETF approval

Regardless of Garlinghouse’s enthusiasm, the trail to an XRP ETF is fraught with challenges.

The continued lawsuit between Ripple and the SEC, which has accused Ripple of promoting unregistered securities, stays a major hurdle. The result of this authorized battle will probably play a vital function in figuring out the feasibility and timing of an XRP ETF.

Whereas Ripple CEO is optimistic of an EXP ETF approval, Bloomberg ETF analyst James Seyffart instructed that Solana (SOL) may be a extra possible candidate than XRP.

Seyffart argued that Solana’s market place and broader attraction make it a robust contender, although he cautioned {that a} Solana ETF won’t materialize till 2026, contingent upon regulatory developments and the institution of a CFTC-regulated futures market.

Whereas no different crypto ETF functions have been made up to now, the approval of Ethereum spot ETFs and the legislative developments marked by the FIT21 crypto invoice signify important progress for the cryptocurrency sector.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

USDY Now Live on Noble, Expanding Opportunities in DeFi

The world of decentralized finance is frequently evolving, and the latest integration of USDY into the Cosmos ecosystem marks...
- Advertisement -

More Articles Like This