Is an XRP ETF Attainable? Skilled Weighs In

Filings for spot Bitcoin exchange-traded funds have been pushed round for years with no success within the US to this point. The Securities and Change Fee stays reluctant.

Concepts for ETH ETFs have additionally been floating round however XRP? That’s one thing new, however apparently, there’s some kind of curiosity in it.

• The first cause why cryptocurrency traders have been pushing for a spot Bitcoin ETF permitted by the US SEC is that it’ll completely authentic Bitcoin as an investable asset.
• This might, in flip, open the door for a lot of establishments which can be in search of a protected technique to spend money on BTC with out having to essentially fear about its safekeeping.
• Let’s face it – storing giant quantities of BTC isn’t for anybody, and it may be notably dangerous.
• With BlackRock now submitting for a Bitcoin ETF, probabilities for approval, in accordance with many – have improved. That is primarily due to the truth that it’s the most important asset supervisor on the planet, and it has a tremendously profitable monitor document in getting its ETF functions permitted. Shocker.
• However now, an asset administration knowledgeable – James Seyffart – weighed in on the potential of an XRP ETF getting permitted.
• His feedback got here in response to the current listing of XRP on Gemini.

Gemini following Coinbase and Itemizing XRP. Been requested a couple of occasions in final weeks about an XRP ETF. Don’t suppose there’s sufficient to launch an XRP ETF with this SEC. And there appears to be primarily zero demand from issuers to strive.

Gemini following @coinbase and itemizing #XRP. Been requested a couple of occasions in previous few weeks about an XRP ETF. Don’t suppose there’s sufficient to launch an XRP ETF with this SEC. And there appears to be primarily zero demand from issuers to strive https://t.co/t3PQeqbKvI

— James Seyffart (@JSeyff) August 10, 2023