Wall Street experts believe Ripple will go public between 2024 and 2025: could XRP's price hit £10?
Investors have long anticipated a breakthrough in XRP, especially as market trends and regulatory outlook are shifting in a favorable direction. On January 1, a leading analyst suggested that xrp's market capitalization would reach £3 trillion in the next phase of the cycle.
This comes on the back of the fact that Ripple CEO Brad Garlinghouse believes XRP could be the next altcoin to get its own exchange-traded fund (ETF) in the US.
Ripple boss Brad Garlinghouse is predicting more cryptocurrency exchange-traded funds after spot Etf's on #bitcoin (BTC) were approved and positive progress was made on an ETF specifically for #StartInvestingInCrypto (ETH).
Garlinghouse predicted the imminent approval of Etf XRP, Solana (SOL) and #Cardano (ADA) at the Consensus 2024 conference in Austin. "I think it's just a matter of time and inevitably there will be XRP, Solana and Cardano ETFs, and that's great," he said.
In a significant policy change, the U. S. Securities and Exchange Commission gave the go-ahead to several ether spot exchange-traded funds, causing the price of the underlying cryptocurrency to rise to its highest level since March 3. After the Form 19b-4 was approved on 5/23/05, all that remained was for the S-1 registration statement to go into effect so that the tender could finally begin. \n The SEC is reportedly asking potential issuers to submit a draft s-5 document by March 31, which is expected to be published by year-end. 1 The SEC will then submit a first round of comments that will lead to additional corrections. Notably, VanEck submitted a revised Form S-1 on the same day that the first major document was approved. #Blackrock announced that the #ETH ETF will be set at ¥1,000 million after 5:30 am.
XRP currently has a market value of $ 28.6 billion.
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