Spot Bitcoin All eyes are on spot after ETF approval Ethereum While it has been converted to ETF approval, a possible XRP It is rumored that the ETF may also be approved.
While there are various opinions about XRP ETFs, some think that the XRP ETF may receive approval soon, while others think that SEC-Ripple He argues that there is no chance of XRP ETFs being approved before his case is over.
Speaking to Cointelegraph on this point, Coinshares analysts argued that even if there is an ETF application for XRP, the market should not expect regulatory approval for XRP ETFs anytime soon.
At this point, Townsend Lansing, head of product at CoinShares, said that the SEC-Ripple case and the lack of an approved XRP futures ETF product, XRP He said he has reduced or eliminated the chances of ETF approval:
“I don’t think an XRP ETF will be possible unless the SEC agrees that XRP is not a security or is forced to do so by the court.
However, if the SEC loses the case and the court decides that XRP is not a security, then XRP ETF approval may come.”
CoinShares research analyst Max Shannon also pointed out that it took more than 10 years for the spot Bitcoin ETF to be approved and stated that XRP ETF approval should not be expected anytime soon.
Scott Johnsson, general partner of Van Buren Capital, also stated that the possibility of XRP ETF approval is very slim and said that he thinks XRP must win the SEC case for a possible ETF approval.
Finally Bloomberg ETF analyst James Seyffart He also thinks that XRP ETF approval will not happen this year.
Because in an interview after the Bitcoin ETF approval, Seyffart said that the XRP ETF is a distant possibility for now and SEC’of RippleHe stated that he did not think this ETF approval would happen this year, given his ongoing lawsuit against .
Seyffart also BTC and ETHHe added that unlike , there are currently no approved XRP futures ETFs in the US.
As known SEC-Ripple The case is still ongoing and Ripple won a partial victory against the SEC in August 2023. Accordingly, the judge XRPIt held that ‘s is not a security when sold on retail exchanges, but is a security when sold to institutional buyers.
The next hearing is scheduled for April 23.
*This is not investment advice.
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