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Following the long-awaited Bitcoin spot ETF\u2019s regulatory approval, prominent crypto community figures now argue an XRP ETF is next.<\/b><\/p>\n
On January 10, the U.S. Securities and Exchange Commission (SEC) granted accelerated licenses to proposals for 11 Bitcoin spot exchange-traded funds (ETFs). The agency communicated the approvals in a <\/span>statement<\/span> on its website.<\/span><\/p>\n The proved ETFs include Grayscale, Bitwise, Hashdex, Valkyrie, BlackRock, BZX, VanEck, Invesco, WisdomTree, Franklin, and Fidelity. In other words, the listed firms have authorization to list and trade several shares of spot Bitcoin.<\/span><\/p>\n SEC chairman Gary Gensler cited a court loss in 2023 as a contributing factor that prompted the approval of the filings on Wednesday.<\/span><\/p>\n Amid this Bitcoin development, key figures within the XRP community are optimistic that the introduction of an XRP ETF is imminent. Panos Mekras, a well-known crypto author and co-founder of Anodos Finance, conveyed this sentiment in a recent tweet.<\/span><\/p>\n \u201cAn XRP ETF is only a matter of time,\u201d<\/span><\/i> Mekras proclaimed on X.<\/span><\/p>\n An $XRP ETF is only a matter of time.<\/p>\n \u2014 Panos \ud83d\udd3c{X} (@panosmek) January 10, 2024<\/p>\n<\/blockquote>\n – Advertisement –<\/span><\/p>\n Similarly, Zach Rector, a notable pro-XRP crypto YouTuber, argued that an XRP ETF is inevitable. Rector asserted that its arrival does not imply the classification of XRP as a security. In his words:<\/span><\/p>\n \u201cXRP ETF is coming whether we like it or not. And no, it does not make XRP a security.\u201d<\/span><\/i><\/p>\n XRP ETF is coming whether we like it or not. And no, it does not make XRP a security \ud83e\udd26\u200d\u2642\ufe0f<\/p>\n \u2014 Zach Rector (@ZachRector7) January 10, 2024<\/p>\n<\/blockquote>\n Meanwhile, some community members <\/span>expressed<\/span> the view that the introduction of an XRP ETF may not happen until after a complete settlement in the SEC vs. Ripple case. Recall that Ripple\u2019s XRP sales to institutions remain a matter of contention in U.S. courts.<\/span><\/p>\n Before the SEC approved Bitcoin spot ETFs, the Chief Investment Officer of Valkyrie, a company also granted permission to list a Bitcoin ETF, indicated that an XRP ETF might occur concurrently with the endorsement of an Ethereum spot ETF.<\/span><\/p>\n In his words, <\/span>\u201cIt wouldn\u2019t surprise me if we saw Ripple [XRP] or Ethereum spot ETFs out there.\u201d\u00a0<\/span><\/i><\/p>\n The foundation of Steve McClurg\u2019s sentiment is Grayscale\u2019s recent reinstatement of XRP to its Digital Large Cap Fund.<\/span><\/p>\n Also, while the Valkyrie executive conveyed uncertainty regarding the likelihood of Valkyrie filing for an XRP ETF, he noted anything is conceivable.<\/span><\/p>\n Follow Us<\/strong> on Twitter and Facebook.<\/span><\/p>\n Disclaimer<\/strong>: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic\u2019s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.<\/p>\n -Advertisement-<\/p>\n<\/div>\n<\/div>\nXRP ETF Next<\/span><\/h2>\n
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Top Executive Confirms XRP ETF Coming<\/span><\/h2>\n