{"id":139189,"date":"2024-10-09T19:00:30","date_gmt":"2024-10-09T16:00:30","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=139189"},"modified":"2024-10-09T15:44:37","modified_gmt":"2024-10-09T12:44:37","slug":"will-we-see-an-xrp-etf-soon-what-do-crypto-industry-experts-think","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/will-we-see-an-xrp-etf-soon-what-do-crypto-industry-experts-think\/","title":{"rendered":"Will We See an XRP ETF Soon? What Do Crypto Industry Experts Think?"},"content":{"rendered":"<p>Despite the ongoing appeal by the US Securities and Exchange Commission (SEC) in the Ripple case, market participants maintain a positive outlook on <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/xrp\/\">XRP\u2019s<\/a><\/strong> future.<\/p>\n<p>Canary Capital\u2019s recent <strong><a href=\"https:\/\/cryptodnes.bg\/en\/another-firm-seeks-sec-approval-for-spot-xrp-etf\/\">application<\/a><\/strong> marks the second attempt to establish an XRP ETF, following a similar effort by Bitwise earlier this month. These developments indicate a rising confidence in Ripple\u2019s cryptocurrency among Wall Street investors.<\/p>\n<p>Nate Geraci, president of ETF Store, expressed optimism, <strong><a href=\"https:\/\/x.com\/NateGeraci\/status\/1843757891125469592?ref_src=twsrc%5Etfw\" rel=\"nofollow\">suggesting<\/a><\/strong> that the approval of such an ETF hinges more on timing than on the possibility of it happening.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-139168\" href=\"\" title=\"\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\"><\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>He highlighted that shifts in the political landscape, including potential changes in presidential or SEC leadership, could significantly influence the direction of cryptocurrency regulation.<\/p>\n<p>SEC Chairman Gary Gensler is facing mounting criticism from the crypto community, with accusations of the agency overreaching its regulatory authority.<\/p>\n<p>However, some, including Geraci, believe that a change in administration could create favorable conditions for the approval of XRP ETFs. High-profile supporters, such as pro-XRP attorney Bill Morgan and Ripple CEO<strong><a href=\"https:\/\/twitter.com\/bgarlinghouse\/status\/1843780066280603695?ref_src=twsrc%5Etfw\" rel=\"nofollow\"> Brad Garlinghouse<\/a><\/strong>, also share a hopeful perspective.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Interest in an XRP exchange-traded fund (ETF) in the United States is gaining traction, fueled by increasing optimism from industry experts and a recent filing by Canary Capital.<\/p>\n","protected":false},"author":3,"featured_media":132498,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[424,294,384,223],"coin_category":[],"class_list":["post-139189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-crypto","tag-etf","tag-optimism","tag-xrp"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Will We See an XRP ETF Soon? 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