XRP’s price has surged to its highest level since May 2021, reaching $1.67 on Friday, thanks to growing speculation about an XRP exchange traded fund (ETF) and optimism around potential changes at the U.S. Securities and Exchange Commission (SEC). On Monday, WisdomTree registered an XRP ETF in Delaware, and on Wednesday, European XRP ETP rebranded to the Bitwise Physical XRP ETP, with Ripple investing in the fund.
Ripple CEO, Brad Garlinghouse, has said that approval of an XRP ETF is “inevitable” and that demand for crypto ETPs is set to increase. Despite the legal battles with the SEC since 2020, XRP’s price has been on the rise, breaking its three-year high at $1.49, and is expected to continue growing with the changing regulatory environment.
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<p>The post XRP Soars to Highest Level Since May 2021: Anticipation Builds for Potential ETF and SEC Changes. first appeared on CoinBuzzFeed.</p>
