Should We Expect a Spot XRP ETF in the United States?

Ripple CEO Brad Garlinghouse has sparked speculation about a possible XRP Exchange-Traded Fund (ETF) in the U.S.

In a Fox Business interview, Garlinghouse suggested that an XRP ETF is probable, generating considerable excitement among XRP enthusiasts. He also stated that inevitably there will be many other crypto ETFs besides BTC and ETH. Crypto expert Anthony Pompliano also stated that “old coins will come to Wall Street”.

The potential introduction of an XRP ETF is drawing attention because of its potential to attract institutional investors, similar to the impact seen with Bitcoin ETFs.

When Bitcoin ETFs were approved, the cryptocurrency saw a significant price surge, which many hope will be mirrored by XRP if such an ETF is approved.

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Despite the optimism, the approval of an XRP ETF is contingent on regulatory decisions by the SEC, which has previously been cautious with digital asset ETFs. While Bitcoin and Ethereum ETFs have been greenlit, it’s uncertain how the SEC will handle XRP.

Investors should be aware that, despite the potential benefits, the cryptocurrency market remains volatile. Thorough research and consideration of personal risk tolerance are crucial before making investment decisions related to XRP or any other digital assets.

Alexander Stefanov