Ben Armstrong highlighted that asset management company Bitwise could significantly influence XRP’s growth. Bitwise filed with the US Securities and Exchange Commission (SEC) this week to launch a spot exchange-traded fund (ETF) tied to XRP.
Armstrong believes that the emergence of an XRP ETF could be a turning point that will allow the coin to take off thanks to indirect investments from large corporate entities. According to the crypto blogger, if investors have not paid much attention to XRP before, the situation will soon change.
He also mentioned Ripple’s plans to go public via an initial public offering (IPO). This is another major factor in XRP’s growth this cycle, as going public would attract more investors to XRP. However, Ripple said in January that going public was not the company’s first priority.
"XRP is set to dominate global banking. The approval of an XRP ETF and an IPO by Ripple could make XRP the number one coin in this cycle," Ben Armstrong wrote on X's social media.
Recently, Santiment analysts also named Ripple cryptocurrency as one of the best altcoins to buy. However, rumors that the American regulator may appeal the court decision allowing the sale of XRP on the secondary market negatively affected the coin's rate.
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