🚀 Top Experts Say XRP ETF is Next with Bitcoin ETF Approved🌐💹

Exciting times in the crypto space as the U.S. Securities and Exchange Commission (SEC) gives the green light to 11 Bitcoin spot exchange-traded funds (ETFs) after the long-awaited approval. Notable names like Grayscale, Bitwise, and BlackRock are among the authorized firms, paving the way for the expansion of the crypto investment landscape.

📆 Key Details:

Date: January 11, 2024Written by: Abdulkarim Abdulwahab

1. Bitcoin ETF Approval Unleashes Crypto Optimism:

Following the regulatory nod for Bitcoin ETFs, the crypto community is buzzing with anticipation. SEC Chairman Gary Gensler cites a significant court loss in 2023 as a catalyst for accelerating the approval process, signaling a more favorable stance towards crypto-related financial instruments.

2. XRP Community Gears Up for an ETF Boom:

Prominent figures in the XRP community express optimism about an impending XRP ETF. Panos Mekras, co-founder of Anodos Finance, believes it's only a matter of time, echoing the sentiment shared by crypto YouTuber Zach Rector. The consensus? An XRP ETF is inevitable and won't categorize XRP as a security.

💼 Insights from XRP Community Leaders:

Panos Mekras: "An XRP ETF is only a matter of time."Zach Rector: "XRP ETF is coming whether we like it or not. And no, it does not make XRP a security."

3. Ripple Case Dynamics:

While optimism abounds, some community members caution that an XRP ETF might wait until a resolution in the SEC vs. Ripple case, which revolves around the contentious issue of Ripple's XRP sales to institutions.

🔮 The Future of XRP ETF: Confirmed by Top Executives:

Chief Investment Officer of Valkyrie, a company authorized for a Bitcoin ETF, hints at the possibility of an XRP ETF arriving concurrently with the endorsement of an Ethereum spot ETF.

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