SEC Can't Stop It: Ripple CEO Predicts Inevitable XRP ETF Approval

Companies want to create an XRP ETF. Ripple CEO Brad Garlinghouse says SEC hurdles won’t stop it. After Bitcoin and Ethereum got ETFs, XRP could be next. Experts think it might happen by mid-2025.

The market shows strong interest in new crypto investment options. Many investors are waiting for this big change in how they can buy XRP.

Also Read: PayPal Holdings (PYPL): How Will Stock Perform After Q3 Earnings?

Navigating SEC Hurdles: Ripple CEO’s Confidence in XRP ETF Approval

Timeline and Applications

Source: TradingView

“It’s just inevitable. You’re going to see not just Bitcoin and ETH, you’re going to see an XRP ETF,” Garlinghouse stated during the Bloomberg TV interview. “I actually think the ETH ETF has done very well,” he added, looking at ETH’s success.

Two companies, Bitwise and Canary Capital, have plans ready. They promise to keep investors’ money safe. More companies might join them soon. The race to launch the first XRP ETF heats up daily.

Investment Structure

An XRP ETF would make buying XRP easier. You wouldn’t need a crypto wallet. Grayscale wants to add XRP to its multi-crypto fund. These new crypto investment options would cost less than buying directly from XRP.

Banks and big investors prefer this safer approach. Regular investors could buy XRP through their normal trading accounts, making investing simpler for everyone.

Also Read: AI Predicts Dogecoin (DOGE) Price For November 2024

Regulatory Path Forward

Right now, regulatory challenges stem from XRP’s legal status. A judge said selling XRP to regular people is okay, but the SEC disagrees and wants to appeal. Lawyers think we’ll know more by early 2025. The SEC’s decisions on other crypto funds might show what’s next for XRP. Each new approval brings the XRP ETF closer to reality. Market watchers study every SEC move carefully.

Market Impact and Outlook

XRP’s price went up 0.20% after Garlinghouse spoke. It now costs $0.52. If the ETF gets approved, experts think the price could go up even more. Big investment firms are getting ready, and banks want in, too.

Also Read: Netflix: NFLX Eyes $43B in 2025 Revenue as Stock Overperforms

These changes could make buying XRP easier and safer for everyone. Small investors watch closely, too. The entire market waits for this next big step in crypto investment history.

  • Brad Garlinghouse
  • ceo
  • Ripple
  • ripple sec
  • xrp
  • XRP ETF

Comments

Post a Comment

Popular posts from this blog

Barry Silbert deletes old tweets amid GBTC selloff

Under-fire Digital Currency Group founder Barry Silbert has apparently deleted a raft of his old tweets . According to his X (formerly Twitter) account, Silbert signed up in October 2011, however, at the time of writing, his timeline shows no tweets or replies older than January 5 this year. Luckily for die-hard Silbert fans, X user Pledditor has screenshotted some of his “greatest hits.” Looks like @BarrySilbert has deleted all his old tweets The good news? I have screenshotted some of his greatest hits pic.twitter.com/GLWPbCf5mN — Pledditor #FixTheFilters (@Pledditor) January 15, 2024 Read more: Former DCG advisor Larry Summers on list of Jeffrey Epstein’s ‘Harvard friends’ Among the messages saved by Pledditor is a classic in which Silbert brands himself a “ complete and total professional failure ,” and one in which he advises Dogecoin holders to convert it to bitcoin. It’s not clear what prompted Silbert’s Social Media cull but he’s currently taking Social Media flak
Read more

Trader Issues Warning on Solana Rival That’s Up 247% in One Month, Updates Outlook on LDO and One Other Altcoin

Image
A widely followed crypto strategist warns that a Solana (SOL) competitor that’s up more than 3x in the last 30 days is flashing signals that it may have printed a short-term top. The pseudonymous analyst known as Altcoin Sherpa tells his 205,700 followers on the social media platform X that while layer-1 blockchain Sei (SEI) is still in an uptrend, it starting to show signs of bullish exhaustion. “Why it looks good: -consolidation and highly bullish high time frame market structure -still bullish on all time frames -EMAs (exponential moving averages) all catching up + other alts looking strong Why it doesn’t: -could be an exhaustion pump here and last big move up -could be rotation from others (SOL/SEI/etc/) to ETH season also known as ARB/LDO/OP -dying volume/some signs of distribution here.”  Source: Altcoin Sherpa/X At time of writing, SEI is trading for $0.785, up over 247% from its 30-day low of $0.226. The trader is also keeping an eye on the price
Read more

Nuant becomes a member of the OpenWealth Association

On January 18, Nuant joined the OpenWealth Association, contributing to advancing digital assets risk management within Swiss banking, WealthTech, and traditional finance, per the information shared with Finbold. In doing so, Nuant recently joined traditional finance entities such as Credit Suisse, LGT, VP Bank, and WealthTech firms like Assetmax and InvestSuite. This strategic partnership represents a noteworthy progression in crypto investment risk management within Switzerland’s financial sector. The OpenWealth Association aims to establish, uphold, and implement open Application Programming Interface (API) standards within the global wealth management community. This commitment aims to facilitate seamless financial data exchange among institutions. Nuant as representative of the CeDeFi sector Cryptocurrency Anthony Scaramucci says Bitcoin to skyrocket to $170,000 by 2025 Cryptocurrency Donald Trump says he’ll ‘never allow a CBDC’ if elected
Read more