LONDON (IT BOLTWISE) – The launch of an XRP spot ETF could revolutionize the crypto market. Experts predict that such an ETF could reach a volume of one billion dollars within a few months. This development could strengthen XRP’s perception as a leading digital asset class.
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The prospect of an XRP spot ETF is currently causing a stir in the crypto world. Bitwise CIO Matt Hougan has made an optimistic prediction that such an ETF could quickly reach $1 billion in volume. This assessment is based on the strong support of the so-called XRP Army, a dedicated community of investors who firmly believe in the potential of XRP.
There are currently around 20 applications pending with the US Securities and Exchange Commission (SEC) for an XRP ETF. This number is just behind applications for Bitcoin and Solana, highlighting the growing institutional interest in XRP. A spot ETF would allow investors to invest in XRP directly and in a regulated manner, without having to go through crypto exchanges. This could increase transparency and drive demand, similar to what happened with Bitcoin spot ETFs.
The launch of an XRP spot ETF could mark a significant shift in the financial world. Despite the regulatory uncertainties to date, the increasing number of institutional applications signals confidence in XRP’s role in the crypto ecosystem. A successful ETF could attract both retail and institutional investors looking for regulated investment opportunities.
This development coincides with the planned launch of an XRP spot ETF by Canary Capital, which has filed an updated S-1 filing. Should the SEC approve the pending applications, it could pave the way for rapid growth of the XRP ETF. This could not only redefine investor expectations, but also solidify XRP’s position as the leading digital asset class in the ETF market.
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