🚀 XRP ETF Filing To Come Within Weeks After Bitcoin ETF Approval? 📈🤔
Exciting times ahead for the crypto community as the United States Securities and Exchange Commission (SEC) gears up for the anticipated approval of the first-ever spot Bitcoin ETF! But that's not all—rumors are circulating about a potential XRP ETF filing following this groundbreaking development. Let's dive into the buzz surrounding this speculative move.
1. XRP ETF on the Horizon? 🚀
As the crypto world eagerly anticipates the SEC's approval of the spot Bitcoin ETF before the January 10, 2024 deadline, speculations are rife about an impending XRP ETF filing. Crypto influencer Jack The Rippler shares a screenshot indicating that an XRP ETP named Amun Ripple AXRP ETP is registered with Fidelity, sparking talks about a potential XRP ETF in the making.
2. Legal Landscape Favors Ripple: A Game-Changer? ⚖️
Despite Ripple's legal history with the SEC, recent developments, including a summary judgment by Judge Analisa Torres, have shifted the regulatory standpoint in favor of the company. The judgment ruled that the sale of XRP tokens to retail buyers doesn't qualify as securities assets. This positive regulatory outlook has fueled confidence among ETF applicants, including industry giants like Blackrock, Van Eck, Fidelity, Bitwise, and Valkyrie.
3. April 2024: Mark Your Calendars for a Potential ETF Filing! 🗓️
XRP whales in the community, notably the popular X account, hint at an ETF application surfacing in April 2024, with plans for the ETF launch before the year's end. While this speculative move could inject significant bullish momentum into the crypto ecosystem, there's no official communication from potential issuers as of now.
📉 XRP Price Dynamics: Awaiting the Next Move
While Bitcoin (BTC) showcased robust performance, reaching the $45,000 mark, XRP's price momentum has been more subdued in recent weeks.
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