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#ADAUSD and #XRPUSDT #etf #xrpetf to the moon🚀🚀🚀
Will there be an XRP ETF?
James Seyffart of Bloomberg Intelligence sees a slim chance of a spot XRP ETF launching in the US throughout 2024. The ongoing Ripple-SEC lawsuit and the absence of regulatory frameworks for XRP are some of the crucial factors. The grand trial between Ripple and the SEC is scheduled for April 2024.
There is already a dedicated Cardano ETF, ticker is AADA.sw
Since the crypto world is all abuzz about the Bitcoin ETFs I just want anybody who is interested to know that a dedicated ADA ETF already exists. It's Swiss based and the ticker symbol for it is AADA.sw. It is put out by a company called 21 Shares. Even though it is not a US based ETF I was able to get it thru my broker, Fidelity. I just had to call them and ask for the international desk. I grabbed about $25k worth a few months ago when ADA was about 27 cents so I'm a happy camper so far.
Will there be an XRP ETF?
James Seyffart of Bloomberg Intelligence sees a slim chance of a spot XRP ETF launching in the US throughout 2024. The ongoing Ripple-SEC lawsuit and the absence of regulatory frameworks for XRP are some of the crucial factors. The grand trial between Ripple and the SEC is scheduled for April 2024.
There is already a dedicated Cardano ETF, ticker is AADA.sw
Since the crypto world is all abuzz about the Bitcoin ETFs I just want anybody who is interested to know that a dedicated ADA ETF already exists. It's Swiss based and the ticker symbol for it is AADA.sw. It is put out by a company called 21 Shares. Even though it is not a US based ETF I was able to get it thru my broker, Fidelity. I just had to call them and ask for the international desk. I grabbed about $25k worth a few months ago when ADA was about 27 cents so I'm a happy camper so far.
SBI Holdings plans to enter the US ETF market, sparking speculation of an XRP ETF due to its strong partnership with Ripple and digital asset focus.
#xrpetf #Crypto #CryptoNewsDaddy #CryptoNews🚀🔥"
#xrpetf #Crypto #CryptoNewsDaddy #CryptoNews🚀🔥"
Ripple’s Settlement May Lead to XRP ETF Launch
A recent court ruling has paved the way for a potential spot XRP ETF. The decision clarified that XRP sales to everyday investors are now legal, boosting market optimism. Expert Doctor Profit predicts that XRP’s price could rise to $16-$20 if an ETF is approved.
Ripple was fined $125 million and must follow new rules, but XRP was confirmed not to be a security, which could lead to an ETF approval and good news for investors.
Ripple’s Legal Fine and Future Prospects for XRP
Renowned analyst points out that Ripple’s recent legal fine stemmed from XRP sales to institutional investors, which were found to violate securities laws. Fortunately, the court ruled that XRP sales to regular investors did not breach any regulations, bringing relief to the XRP community.
With the legal issues concerning XRP’s retail sales now resolved, there is growing excitement about new financial opportunities in cryptocurrency. The analyst is optimistic that XRP could soon be included in Exchange-Traded Fund (ETF) applications. Such inclusion could open new investment avenues and significantly enhance XRP’s visibility and presence in the financial sector.
Doctor Profit Predicts XRP ETF Approval and Market Growth
Popular crypto trader Doctor Profit suggests that Ripple and the SEC might be working on an XRP ETF, with Bitcoin and Ethereum expected to be approved first. With the lawsuit resolved, large investors who were previously hesitant can now invest in XRP confidently. This clarity is anticipated to positively influence XRP’s market, showing strong growth potential.
XRP missed out on the 2021 bull run due to legal challenges, but with these issues behind it, the market is poised for growth. Doctor Profit predicts that XRP could reach between $16 and $20 within a year. In a more conservative scenario, the price might fall between $4 and $7.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#XRP #xrpetf
Ripple was fined $125 million and must follow new rules, but XRP was confirmed not to be a security, which could lead to an ETF approval and good news for investors.
Ripple’s Legal Fine and Future Prospects for XRP
Renowned analyst points out that Ripple’s recent legal fine stemmed from XRP sales to institutional investors, which were found to violate securities laws. Fortunately, the court ruled that XRP sales to regular investors did not breach any regulations, bringing relief to the XRP community.
With the legal issues concerning XRP’s retail sales now resolved, there is growing excitement about new financial opportunities in cryptocurrency. The analyst is optimistic that XRP could soon be included in Exchange-Traded Fund (ETF) applications. Such inclusion could open new investment avenues and significantly enhance XRP’s visibility and presence in the financial sector.
Doctor Profit Predicts XRP ETF Approval and Market Growth
Popular crypto trader Doctor Profit suggests that Ripple and the SEC might be working on an XRP ETF, with Bitcoin and Ethereum expected to be approved first. With the lawsuit resolved, large investors who were previously hesitant can now invest in XRP confidently. This clarity is anticipated to positively influence XRP’s market, showing strong growth potential.
XRP missed out on the 2021 bull run due to legal challenges, but with these issues behind it, the market is poised for growth. Doctor Profit predicts that XRP could reach between $16 and $20 within a year. In a more conservative scenario, the price might fall between $4 and $7.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#XRP #xrpetf
"Expert Insights: How the BlackRock XRP ETF Filing Raises Concerns about Regulatory Oversight"
Attorney Fred Rispoli reacts to a fake BlackRock XRP ETF filing, asserting that misleading a government agency carries big penalties.
Read more on: https://thecryptobasic.com/2023/11/15/expert-comments-on-bogus-blackrock-xrp-etf-filing-highlights-implications-of-misleading-government-agency/
#XRPUpdate #xrpetf #Crypto #CryptoSimple #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2023/11/15/expert-comments-on-bogus-blackrock-xrp-etf-filing-highlights-implications-of-misleading-government-agency/
#XRPUpdate #xrpetf #Crypto #CryptoSimple #CryptoNews🔒📰🚫
Insights into the Potential for an XRP ETF: What's Driving the Momentum?
- XRP's substantial $28 billion market capitalization positions it as a viable contender for an ETF.
- Its emphasis on serving financial institutions enhances its suitability for such a product.
- Analysts, including Eleanor Terett, advocate for a futures-based ETF as a prerequisite for a spot XRP ETF's approval.
- Ripple's job listing for an "ETF initiatives" role implies potential preparations for an ETF, despite no official announcements.
- Brad Garlinghouse's reluctance to address the ETF question in Switzerland suggests underlying plans for such a product.
The recent approval of several Bitcoin spot ETFs in early January has ignited speculation within the cryptocurrency community regarding which digital asset might be next in line for ETF listings. While contenders such as Ethereum, Solana, Cardano, and Polkadot have been considered, attention has also turned towards XRP.
XRP possesses the necessary qualifications for a potential ETF, boasting a $28 billion market cap and a design tailored specifically for financial institutions. However, it's crucial to note a significant development in mid-2023, when a US district judge ruled that XRP, amidst a prolonged legal battle between the SEC and Ripple, was determined "not" to be securities.
But could Ripple successfully file for and secure approval for an XRP ETF?
Eleanor Terett, as highlighted in a recent tweet, suggests that the journey towards an XRP ETF may be longer than anticipated. Terett emphasizes the necessity of a futures ETF as a preliminary step, indicating that for XRP to secure a spot-based ETF, it must first obtain approval for a futures-based ETF. Currently, there are no XRP ETF filings on the SEC's desk, suggesting a potentially extended wait for investors.
Adding to the skepticism, Bloomberg ETF analyst James Seyffart views the possibility of an XRP ETF as remote, citing a slim chance of it materializing in the near future.
However, Ripple's recent job listing for a Senior Manager for Business Development raises intriguing questions. Among the responsibilities outlined in the listing is the driving of cryptocurrency-related ETF initiatives, prompting speculation within the crypto community regarding Ripple's intentions.
Ripple CEO Brad Garlinghouse's response to inquiries about a potential Ripple ETF during a January interview further fuels speculation. Garlinghouse, while refraining from providing a definitive answer, hints at the possibility of other ETFs being "on the horizon."
Despite Seyffart's assertion that a futures ETF is not a prerequisite for an XRP spot ETF, the necessity of a regulated market remains a consideration. As was the case with Bitcoin, a regulated market, such as the CME bitcoin futures market, may be crucial for an XRP ETF's approval.
As the cryptocurrency market awaits further developments, XRP continues to face challenges in terms of price performance. Recent data indicates stagnation and a slight dip in XRP's price, amidst volatility. Technical analysis suggests potential scenarios for XRP's price movement, with both bullish and bearish outcomes.
In conclusion, while the prospect of an XRP ETF remains uncertain, market participants eagerly await further developments. As with any investment decision, thorough research and caution are advised in navigating the volatile cryptocurrency landscape.
[Disclaimer: This content aims to provide accurate and up-to-date information, but it does not absolve readers of conducting their own research and making informed financial decisions. Cryptocurrency investments carry inherent risks, and individuals should exercise caution.]
#XRP #xrpetf #XRPETFApproval #Crypto2024 #cryptocurrency
$XRP
- Its emphasis on serving financial institutions enhances its suitability for such a product.
- Analysts, including Eleanor Terett, advocate for a futures-based ETF as a prerequisite for a spot XRP ETF's approval.
- Ripple's job listing for an "ETF initiatives" role implies potential preparations for an ETF, despite no official announcements.
- Brad Garlinghouse's reluctance to address the ETF question in Switzerland suggests underlying plans for such a product.
The recent approval of several Bitcoin spot ETFs in early January has ignited speculation within the cryptocurrency community regarding which digital asset might be next in line for ETF listings. While contenders such as Ethereum, Solana, Cardano, and Polkadot have been considered, attention has also turned towards XRP.
XRP possesses the necessary qualifications for a potential ETF, boasting a $28 billion market cap and a design tailored specifically for financial institutions. However, it's crucial to note a significant development in mid-2023, when a US district judge ruled that XRP, amidst a prolonged legal battle between the SEC and Ripple, was determined "not" to be securities.
But could Ripple successfully file for and secure approval for an XRP ETF?
Eleanor Terett, as highlighted in a recent tweet, suggests that the journey towards an XRP ETF may be longer than anticipated. Terett emphasizes the necessity of a futures ETF as a preliminary step, indicating that for XRP to secure a spot-based ETF, it must first obtain approval for a futures-based ETF. Currently, there are no XRP ETF filings on the SEC's desk, suggesting a potentially extended wait for investors.
Adding to the skepticism, Bloomberg ETF analyst James Seyffart views the possibility of an XRP ETF as remote, citing a slim chance of it materializing in the near future.
However, Ripple's recent job listing for a Senior Manager for Business Development raises intriguing questions. Among the responsibilities outlined in the listing is the driving of cryptocurrency-related ETF initiatives, prompting speculation within the crypto community regarding Ripple's intentions.
Ripple CEO Brad Garlinghouse's response to inquiries about a potential Ripple ETF during a January interview further fuels speculation. Garlinghouse, while refraining from providing a definitive answer, hints at the possibility of other ETFs being "on the horizon."
Despite Seyffart's assertion that a futures ETF is not a prerequisite for an XRP spot ETF, the necessity of a regulated market remains a consideration. As was the case with Bitcoin, a regulated market, such as the CME bitcoin futures market, may be crucial for an XRP ETF's approval.
As the cryptocurrency market awaits further developments, XRP continues to face challenges in terms of price performance. Recent data indicates stagnation and a slight dip in XRP's price, amidst volatility. Technical analysis suggests potential scenarios for XRP's price movement, with both bullish and bearish outcomes.
In conclusion, while the prospect of an XRP ETF remains uncertain, market participants eagerly await further developments. As with any investment decision, thorough research and caution are advised in navigating the volatile cryptocurrency landscape.
[Disclaimer: This content aims to provide accurate and up-to-date information, but it does not absolve readers of conducting their own research and making informed financial decisions. Cryptocurrency investments carry inherent risks, and individuals should exercise caution.]
#XRP #xrpetf #XRPETFApproval #Crypto2024 #cryptocurrency
$XRP
"Expert's Financial Tips Post-Bogus BlackRock XRP ETF Hype"
Following the fake BlackRock XRP ETF report, Attorney John Deaton provides financial tips to help XRP enthusiasts profit off FOMO.
Read more on: https://thecryptobasic.com/2023/11/18/deaton-gives-financial-advice-after-bogus-blackrock-xrp-etf-report/
#XRPUpdate #xrpetf #Crypto #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2023/11/18/deaton-gives-financial-advice-after-bogus-blackrock-xrp-etf-report/
#XRPUpdate #xrpetf #Crypto #CryptoNews🔒📰🚫
🚀 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.
🚨 Stay Informed, Stay Ahead: Follow The Blockopedia for Real-time Crypto Insights! 🚀📰
#xrpetf #ETFsApproval #BitcoinETFapproved #cryptocurrency #crypto2024
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.
🚨 Stay Informed, Stay Ahead: Follow The Blockopedia for Real-time Crypto Insights! 🚀📰
#xrpetf #ETFsApproval #BitcoinETFapproved #cryptocurrency #crypto2024
"False BlackRock XRP ETF Rumors Cause $6.2M XRP Futures Crash"
A rigged XRP ETF filing caused a surge in XRP’s price, but the rally quickly evaporated after the filing was exposed as a sham, leading to millions in liquidations.
Read more on: https://thecryptobasic.com/2023/11/14/fake-blackrock-xrp-etf-report-liquidates-6-2m-in-xrp-futures/
#XRPUpdate #xrpetf #CryptoSimple #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2023/11/14/fake-blackrock-xrp-etf-report-liquidates-6-2m-in-xrp-futures/
#XRPUpdate #xrpetf #CryptoSimple #CryptoNews🔒📰🚫
$XRP I'm very bullish on #XRPUpdate .
Waiting more volatility for #xrpetf
in November $1 is possible .👀 #WhaleAlert #BTC
Waiting more volatility for #xrpetf
in November $1 is possible .👀 #WhaleAlert #BTC
"XRP ETF Dilemma: Doubt and the Factors Influencing Its Destiny"
While the U.S. regulatory body has approved a Bitcoin spot exchange-traded fund (ETF), the likelihood of more crypto ETFs like XRP’s remains uncertain.
Read more on: https://thecryptobasic.com/2024/01/18/uncertainty-surrounds-prospects-of-xrp-etf-heres-why/
#XRPUnlock #xrpetf #cryptocurrecny #CryptoNewsLand #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2024/01/18/uncertainty-surrounds-prospects-of-xrp-etf-heres-why/
#XRPUnlock #xrpetf #cryptocurrecny #CryptoNewsLand #CryptoNews🔒📰🚫
"BlackRock CEO's Ignorance of XRP Exposed by Fox News Journalist"
Charles Gasparino comments on the prospect of BlackRock launching an XRP ETF, saying that the company’s CEO has limited awareness about the sixth-largest cryptocurrency by market cap.
Read more on: https://thecryptobasic.com/2024/01/15/fox-journalist-says-blackrock-ceo-barely-knows-that-xrp-exists-community-reacts/
#XRPUnlock #xrpetf #cryptocurrecny #cryptoleads #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2024/01/15/fox-journalist-says-blackrock-ceo-barely-knows-that-xrp-exists-community-reacts/
#XRPUnlock #xrpetf #cryptocurrecny #cryptoleads #CryptoNews🔒📰🚫
🚀 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.
🔮 Stay Tuned for Crypto Updates: Follow The Blockopedia for the Latest Insights! 🌐📰
#xrpetf #XRPBullRun #XRPSurge #cryptocurrency #crypto2024
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.
🔮 Stay Tuned for Crypto Updates: Follow The Blockopedia for the Latest Insights! 🌐📰
#xrpetf #XRPBullRun #XRPSurge #cryptocurrency #crypto2024
"BlackRock CEO Larry Fink Breaks Silence on XRP ETF Potential"
Larry Fink, the Chief Executive Officer of BlackRock, the world’s largest asset management firm, has commented on the potential for an exchange-traded fund (ETF) involving XRP.
Read more on: https://thecryptobasic.com/2024/01/13/blackrock-ceo-larry-fink-comments-on-prospects-of-an-xrp-etf/
#XRPUnlock #xrpetf #cryptocurrecny #CryptoNewsLand #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2024/01/13/blackrock-ceo-larry-fink-comments-on-prospects-of-an-xrp-etf/
#XRPUnlock #xrpetf #cryptocurrecny #CryptoNewsLand #CryptoNews🔒📰🚫
Ripple CEO Backs XRP ETF Proposal: Unveiling Potential Price Dynamics for Investors
- Ripple CEO Brad Garlinghouse responds to speculation regarding the potential introduction of an XRP Exchange Traded Fund (ETF).
- Garlinghouse emphasizes the importance of transparency in cryptocurrency regulations, citing recent developments with the SEC.
- Ripple's XRP has seen a 1.61% rise in the last day, signaling potential movement beyond current resistance levels.
In response to rumors surrounding the potential approval of an XRP spot Exchange Traded Fund (ETF), Ripple CEO Brad Garlinghouse shared his perspective during an interview with Bloomberg Television. Garlinghouse emphasized the need for clearer cryptocurrency regulations while remaining optimistic about the possibility of an XRP ETF launch, drawing parallels to historical market diversification strategies.
Throughout the interview, Garlinghouse expressed optimism regarding the prospects of an XRP ETF approval, citing the recent approval of a Bitcoin spot ETF as a positive indicator. Although he refrained from confirming the rumors, he expressed Ripple's support for such an initiative, foreseeing the inevitability of multiple ETFs covering different tokens.
Garlinghouse took the opportunity to reflect on Ripple's recent legal victory over the Securities and Exchange Commission (SEC), characterizing it as a significant milestone towards transparency in crypto regulations. He criticized the SEC's enforcement-focused approach, stressing the importance of clear industry guidelines.
Highlighting Ripple's legal battles with the SEC, Garlinghouse underscored the courts' consistent rulings against the agency and their affirmation that XRP does not qualify as a security. He expressed hope for regulatory clarity in the future, either through the SEC's recognition or congressional intervention.
Regarding XRP's price movement amidst ETF rumors, Ripple experienced a slight increase in value over the past 24 hours, with bullish trends observed on shorter timeframes. The potential approval of an XRP ETF could further impact price dynamics, with the possibility of a breakout from resistance levels.
In conclusion, Ripple's current price stands at $0.5403, reflecting fluctuations over the past 24 hours and a slight increase over the week. The cryptocurrency market remains highly volatile, and readers are advised to conduct their own research and exercise caution when making financial decisions.
#ripple #XRPPricePrediction #xrpetf #SEC #cryptocurrency
$XRP
- Garlinghouse emphasizes the importance of transparency in cryptocurrency regulations, citing recent developments with the SEC.
- Ripple's XRP has seen a 1.61% rise in the last day, signaling potential movement beyond current resistance levels.
In response to rumors surrounding the potential approval of an XRP spot Exchange Traded Fund (ETF), Ripple CEO Brad Garlinghouse shared his perspective during an interview with Bloomberg Television. Garlinghouse emphasized the need for clearer cryptocurrency regulations while remaining optimistic about the possibility of an XRP ETF launch, drawing parallels to historical market diversification strategies.
Throughout the interview, Garlinghouse expressed optimism regarding the prospects of an XRP ETF approval, citing the recent approval of a Bitcoin spot ETF as a positive indicator. Although he refrained from confirming the rumors, he expressed Ripple's support for such an initiative, foreseeing the inevitability of multiple ETFs covering different tokens.
Garlinghouse took the opportunity to reflect on Ripple's recent legal victory over the Securities and Exchange Commission (SEC), characterizing it as a significant milestone towards transparency in crypto regulations. He criticized the SEC's enforcement-focused approach, stressing the importance of clear industry guidelines.
Highlighting Ripple's legal battles with the SEC, Garlinghouse underscored the courts' consistent rulings against the agency and their affirmation that XRP does not qualify as a security. He expressed hope for regulatory clarity in the future, either through the SEC's recognition or congressional intervention.
Regarding XRP's price movement amidst ETF rumors, Ripple experienced a slight increase in value over the past 24 hours, with bullish trends observed on shorter timeframes. The potential approval of an XRP ETF could further impact price dynamics, with the possibility of a breakout from resistance levels.
In conclusion, Ripple's current price stands at $0.5403, reflecting fluctuations over the past 24 hours and a slight increase over the week. The cryptocurrency market remains highly volatile, and readers are advised to conduct their own research and exercise caution when making financial decisions.
#ripple #XRPPricePrediction #xrpetf #SEC #cryptocurrency
$XRP
🚀Here Is Likely Timeline For XRP Spot ETF 🌐💹
Last week marked a historic moment with the SEC approving spot Bitcoin ETFs in the U.S., setting the stage for a new era in crypto investment. Now, attention turns to Ethereum (ETH) and XRP, both in the spotlight as potential candidates for ETF approval. Here's a likely timeline for the XRP Spot ETF:
1. Ethereum ETF Race Heats Up: May 2024 - A Pivotal Moment
Major players like BlackRock, Ark Invest, and VanEck are already in the Ethereum ETF race, with final decisions expected in May. Renowned Bitcoin investor Lark Davis anticipates this as a major milestone, creating a potential pathway for XRP ETF applications. 📅
2. XRP's Unique Legal Advantage: A Game-Changer
XRP's non-security classification in the U.S. has caught the attention of analysts. Legal experts believe the SEC won't challenge this status, potentially paving the way for an XRP ETF. 🔐
3. Influencer Insights: Bitboy's Prediction
Influencer Ben Armstrong (Bitboy) suggests insider information places XRP next in line for an ETF after Ethereum. He hints at the likelihood of ETH and XRP ETFs, along with a Ripple IPO, preceding the Bitcoin halving event in April. 🚀
4. BlackRock CEO's Cryptic Response: Fueling Speculation
BlackRock's CEO, Larry Fink, stirred the pot with a cryptic response on a possible XRP ETF. While he couldn't elaborate, his non-denial raised eyebrows and sparked interpretations ranging from confirmation to future consideration. 🧐
🌌 2024: A Pivotal Year for XRP ETF?
While the road ahead is uncertain, 2024 could be a pivotal year for XRP. With Ethereum ETFs on the horizon, XRP's legal clarity, and industry interest, the stars might align for an XRP ETF. Stay tuned for updates on this evolving journey! 🚀🌌
🌐 For real-time insights into crypto developments, follow The Blockopedia!
#xrpetf #XRPBurn #XRPPricePrediction #cryptocurrency #crypto2024
Last week marked a historic moment with the SEC approving spot Bitcoin ETFs in the U.S., setting the stage for a new era in crypto investment. Now, attention turns to Ethereum (ETH) and XRP, both in the spotlight as potential candidates for ETF approval. Here's a likely timeline for the XRP Spot ETF:
1. Ethereum ETF Race Heats Up: May 2024 - A Pivotal Moment
Major players like BlackRock, Ark Invest, and VanEck are already in the Ethereum ETF race, with final decisions expected in May. Renowned Bitcoin investor Lark Davis anticipates this as a major milestone, creating a potential pathway for XRP ETF applications. 📅
2. XRP's Unique Legal Advantage: A Game-Changer
XRP's non-security classification in the U.S. has caught the attention of analysts. Legal experts believe the SEC won't challenge this status, potentially paving the way for an XRP ETF. 🔐
3. Influencer Insights: Bitboy's Prediction
Influencer Ben Armstrong (Bitboy) suggests insider information places XRP next in line for an ETF after Ethereum. He hints at the likelihood of ETH and XRP ETFs, along with a Ripple IPO, preceding the Bitcoin halving event in April. 🚀
4. BlackRock CEO's Cryptic Response: Fueling Speculation
BlackRock's CEO, Larry Fink, stirred the pot with a cryptic response on a possible XRP ETF. While he couldn't elaborate, his non-denial raised eyebrows and sparked interpretations ranging from confirmation to future consideration. 🧐
🌌 2024: A Pivotal Year for XRP ETF?
While the road ahead is uncertain, 2024 could be a pivotal year for XRP. With Ethereum ETFs on the horizon, XRP's legal clarity, and industry interest, the stars might align for an XRP ETF. Stay tuned for updates on this evolving journey! 🚀🌌
🌐 For real-time insights into crypto developments, follow The Blockopedia!
#xrpetf #XRPBurn #XRPPricePrediction #cryptocurrency #crypto2024
🚀Here is How XRP ETF Can Increase XRP Price 📈
A game-changing roadmap has been unveiled by professional game designer Chad Steingraber, detailing how an XRP Exchange-Traded Fund (ETF) could catapult XRP to unprecedented price heights. Let's delve into the transformative steps that could lead to a significant surge in XRP's value.
1. The ETF Acquisition Process: Boosting XRP from Public Exchanges!
In the envisioned roadmap, the introduction of an XRP spot ETF triggers the purchase of XRP directly from public exchanges. This strategic move is pivotal as it solidifies the commitment of funds to the actual underlying asset, differentiating it from futures ETFs.
2. Locking Up XRP: Creating Scarcity and Driving Demand!
Post-purchase, Steingraber highlights the ETF's lock-up of acquired XRP tokens, typically under the custody of a trusted entity. Subsequently, the ETF issues derivative shares, attracting a diverse range of investors, including institutions and the broader public.
📉 Visualizing the XRP ETF Surge Roadmap:
Furthermore, Steingraber theorizes that the public purchase and locking of XRP create a scarcity factor in its supply, leading to increased demand from both the ETF and the public. The result? A conviction that XRP's market value has no other direction but up.
3. Decades-Long Commitment: Shaping XRP's Investor Landscape!
Highlighting the investor profile, Steingraber emphasizes that institutions and governments will be key participants in the XRP ETF, adopting a long-term holding strategy. He envisions investors holding XRP ETF shares for decades, even passing them down through generations.
🚨 Prepare for the XRP Revolution: Stay Informed, Stay Ahead! 💼🌐
#xrpetf #XRPEscrow #XRPSurge #cryptocurrency #crypto2024
A game-changing roadmap has been unveiled by professional game designer Chad Steingraber, detailing how an XRP Exchange-Traded Fund (ETF) could catapult XRP to unprecedented price heights. Let's delve into the transformative steps that could lead to a significant surge in XRP's value.
1. The ETF Acquisition Process: Boosting XRP from Public Exchanges!
In the envisioned roadmap, the introduction of an XRP spot ETF triggers the purchase of XRP directly from public exchanges. This strategic move is pivotal as it solidifies the commitment of funds to the actual underlying asset, differentiating it from futures ETFs.
2. Locking Up XRP: Creating Scarcity and Driving Demand!
Post-purchase, Steingraber highlights the ETF's lock-up of acquired XRP tokens, typically under the custody of a trusted entity. Subsequently, the ETF issues derivative shares, attracting a diverse range of investors, including institutions and the broader public.
📉 Visualizing the XRP ETF Surge Roadmap:
Furthermore, Steingraber theorizes that the public purchase and locking of XRP create a scarcity factor in its supply, leading to increased demand from both the ETF and the public. The result? A conviction that XRP's market value has no other direction but up.
3. Decades-Long Commitment: Shaping XRP's Investor Landscape!
Highlighting the investor profile, Steingraber emphasizes that institutions and governments will be key participants in the XRP ETF, adopting a long-term holding strategy. He envisions investors holding XRP ETF shares for decades, even passing them down through generations.
🚨 Prepare for the XRP Revolution: Stay Informed, Stay Ahead! 💼🌐
#xrpetf #XRPEscrow #XRPSurge #cryptocurrency #crypto2024
"XRP ETF Prank Reveals Lessons Every Investor Should Know"
The crypto community became riled with disdain after credible sources discredited a fake XRP spot ETF product filed about a week ago in Delaware.
Read more on: https://thecryptobasic.com/2023/11/20/xrp-etf-hoax-fooled-many-investors-here-are-lessons-learnt/
#XRPUpdate #xrpetf #XRPWaves #Crypto #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2023/11/20/xrp-etf-hoax-fooled-many-investors-here-are-lessons-learnt/
#XRPUpdate #xrpetf #XRPWaves #Crypto #CryptoNews🔒📰🚫