đ XRP ETF Predicted by Crypto Analyst as 2024 Lines Up With Massive CatalystsđđŒ
As 2024 kicks off with the groundbreaking approval of a spot ETF for Bitcoin, crypto analyst Lark Davis, aka "Crypto Lark," anticipates massive catalysts for the crypto industry this year. đâš
đ 2024 Milestone: Bitcoin Spot ETF Approval
The U.S. Securities and Exchange Commission (SEC) recently granted approval for the first U.S.-listed exchange-traded funds (ETFs) tracking Bitcoin, marking a significant breakthrough after a decade-long struggle with the crypto industry. This monumental move sets the stage for transformative developments in the crypto space.
đš Crypto Lark's Prediction: Ethereum Spot ETFs by May 2024
Building on the optimism surrounding the Bitcoin spot ETF approval, Crypto Lark speculates that Ethereum spot ETFs might receive approval by May 2024, coinciding with the first final deadline set by the SEC. This anticipation follows the SEC's approval of ETH futures products, signaling a potential shift in how Ethereum is viewed, possibly as not a security.
đ XRP ETF in the Cards?
Crypto Lark takes it a step further, suggesting that an XRP ETF could be on the horizon. The reasoning behind this prediction lies in the landmark ruling in the Ripple SEC lawsuit, which determined that XRP is not a security. The industry is buzzing with excitement as the possibility of an XRP ETF becomes a topic of discussion.
đ€ What's Next for Crypto ETFs?
Following the debut of Bitcoin spot ETFs, Valkyrie Funds' co-founder and chief investment officer, Steve McClurg, hinted at the potential for Ethereum or XRP exchange-traded funds. While the timing and sequence of these events remain uncertain, the crypto world is eagerly awaiting the next big ETF approval after Bitcoin.
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