XRP ETF Approval: Expected Fund Inflow Could Reach $800 Million, Says Northstake’s Luca Sorlini
The post XRP ETF Approval: Expected Fund Inflow Could Reach $800 Million, Says Northstake’s Luca Sorlini appeared on BitcoinEthereumNews.com.
As reported on February 19th by COINOTAG News, Luca Sorlini, the product lead at Northstake, a prominent virtual asset service provider, has shared insights on the potential impact of an XRP ETF approval. He projects that the initial capital inflow could range between $400 million and $800 million during the first week post-approval. However, Sorlini emphasizes that this projection hinges on several critical factors, including prevailing market conditions, the introduction of competing ETFs, and the level of institutional interest in the XRP offering. Meanwhile, Bloomberg’s senior ETF analysts, James Seyffart and Eric Balchunas, assess the probability of the XRP ETF’s approval at approximately 65%. This uncertainty stems from ongoing debates regarding the classification of the XRP token as either a security or a commodity, a designation that remains unresolved and pivotal for regulatory clarity. Source: https://en.coinotag.com/breakingnews/xrp-etf-approval-expected-fund-inflow-could-reach-800-million-says-northstakes-luca-sorlini/
Filed under: News - @ February 19, 2025 1:22 pm