SEC’s spot Bitcoin ETF After the approval, all eyes are now Ethereum converted to spot ETFs.
But in the market ETH outside XRP While there are rumors that ETFs may also come Bloomberg ETF analyst James Seyffart said: He commented on XRP ETFs.
Speaking to the YouTube channel Thinking Crypto, James Seyffart said that, considering several important factors, there will be a spot in the USA before the end of 2024. XRP He said launching an ETF was highly unlikely.
The first reason for this thought is Ripple with SEC showed the ongoing lawsuit between and “This case continues to trigger uncertainty regarding the status of XRP. And I don’t think we can talk about a spot XRP ETF unless the case is resolved. said.
“Aside from the lawsuit, another reason is that XRP’s situation is different from BTC and ETH.
Because there are already forward Bitcoin and Ethereum ETFs in America, which paves the way for spot ETFs to be approved. However, this is not the case for XRP.
We already have futures contracts issued on the CME, and we also have futures ETFs. We don’t have any of that for Ripple.
That’s why I don’t think there will be a spot ETF for XRP in 2024, I don’t even think it’s possible.”
Bloomberg analyst XRP He said that he thinks that if the case is fully concluded and the regulatory environment for cryptocurrencies in the USA improves, there may be a spot XRP ETF in the USA and the potential approval of the XRP ETF will be talkable in 2025.
*This is not investment advice.
For exclusive news, analysis and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price monitoring now by downloading our applications!