Ripple A new job posting published by has revealed that the company is looking for an ETF specialist.
In the announcement published on the company’s official website, the search for a corporate-wide DeFi Senior Manager and Business Development specialist attracted attention. According to the job posting, the candidate is expected to lead initiatives in the ETF space, especially collaborating with internal trading teams and partners.
With the approval of the spot Bitcoin ETF in early January, investors had triggered speculation regarding the XRP ETF. The latest job posting published by Ripple will further increase these speculations.
Fox Business reporter Eleanor Terrett stated in a tweet today that the ETF announcement may be the first signals that the company’s possible moves may be coming.
Terrett drew parallels between the Securities Exchange Commission’s (SEC) approach to Bitcoin and XRP, suggesting that a futures ETF for XRP could pave the way for eventual approval of a spot ETF, similar to the pattern observed for Bitcoin. progress.
In order to have an $XRP spot ETF, there will first need to be a futures ETF.
NEWS CONTINUES BELOWPart of getting the $BTC spot ETFs were approved @SECGov Concluding that the CME bitcoin futures market would suffice to provide surveillance for fraud and manipulation.
if $XRP gets a futures ETF… https://t.co/MPFVSherXK
— Eleanor Terrett (@EleanorTerrett) January 27, 2024
As we reported as Koinfinans.com, BlackRock had previously XRP ETFAlthough attempts were made to offer , these possibilities were nullified after the SEC’s lawsuit against Ripple. However, in the interim decision made last summer, the emphasis that the asset was not a security was interpreted as a victory.
Although the potential ETF contains details that would increase adoption, regulatory pressure and the investment attitude of large companies regarding the asset remain a question mark.