XRP ETF launch: rumors or reality?
The post XRP ETF launch: rumors or reality? appeared on BitcoinEthereumNews.com.
How does the approval of the first BTC spot ETF shed light on the challenges facing an XRP ETF? Amid the prevailing bullish sentiment in the market, a significant development has ignited anticipation and debate: the possibility of a Ripple (XRP) exchange-traded fund (ETF) entering the fray. At the center of this discourse lies Ripple CEO Brad Garlinghouse’s recent interview with Bloomberg on Feb. 20. During the interview, Garlinghouse conveyed cautious optimism regarding the prospect of an XRP ETF. While he expressed openness to the idea, he stopped short of revealing concrete plans. Although Garlinghouse neither confirmed nor denied ongoing discussions with major asset management firms like BlackRock, rumors have swirled regarding potential collaborations. Notably, in Nov. 2023, a leaked filing suggested BlackRock’s interest in an XRP ETF, fueling speculation. However, this rumor was subsequently debunked later. SCOOP: @BlackRock has no plans for a spot $XRP ETF, according to people with direct knowledge of the matter story developing — Charles Gasparino (@CGasparino) January 18, 2024 In contrast to the absence of an XRP ETF in the US market, European investors currently have access to XRP exchange-traded products (ETPs) offered by firms such as Coinshares and 21Shares. However, the road to launching an XRP ETF in the U.S. is riddled with regulatory hurdles and market speculation, compounded by the ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC). Analyzing social media buzz around XRP ETF Following the discussion surrounding the potential introduction of an XRP ETF, X became a hub of activity as individuals from various backgrounds weighed in on the matter. One notable tweet came from John Deaton, who coincidentally announced his run for Senator on the same day Brad Garlinghouse discussed the possibility of an XRP ETF. I’m excited for the opportunity to fight for…
Filed under: News - @ February 22, 2024 6:18 am