Pacific

Spot

<p>Talks about an <a href="https://www.newsbtc.com/analysis/xrp/xrp-spot-etf-coming-to-the-us/" rel="nofollow noopener" target="_blank">XRP exchange-traded fund</a> (ETF) have been revived. This time around, a crypto expert provided an insight on what the <a href="https://bitcoinist.com/can-xrp-price-reach-50-crypto-analyst-predicts-massive-move/">XRP</a> community can expect if that happens. His focus was on how such an event could send shockwaves through the crypto industry.&nbsp;</p> 
<h2 id="a-breakdown-of-why-an-xrp-etf-will-be-huge">A Breakdown Of Why An XRP ETF Will Be Huge</h2> 
<p>In a <a href="https://x.com/3TGMCrypto/status/1730424902170137039?s=20" rel="nofollow" target="_blank">post</a> shared on his X (formerly Twitter) platform, crypto research ABS of the 3T Warrior Academy outlined four reasons why the “inevitable” XRP ETF would be significant. The first reason he gave was the fact this development could attract more institutional investors. He said that an XRP ETF would make it simpler for them to venture into the XRP pool.</p> 
<p><a href="https://bitcoinist.com/bitcoin-adopter-says-xrp-price-closer-to-10/">XRP</a> is already seeing an impressive amount of inflows into its ecosystem. That could, however, be more with the help of an XRP ETF. ABS mentioned that this fund could give XRP a liquidity lift-off. His projection is based on the fact ETFs tend to increase trading volumes. With this in mind, he believes that an XRP could inject “lifeblood” into the XRP markets.&nbsp;</p> 
<p>ABS also projects a “mainstream madness” if an XRP ETF were to launch. He believes that the mainstream media will launch a marketing campaign that has never been seen before. The reason for this is that this fund will be beyond just a crypto affair, as many from the outside will also be looking to get in on <a href="https://bitcoinist.com/xrp-is-the-coin-to-hold/">this opportunity</a>.&nbsp;</p> 
<p>Ripple is known to have its <a href="https://bitcoinist.com/ripple-clear-to-provide-services-in-this-country/">Asia Pacific headquarters in Singapore</a> and already has quite a presence overseas. ABS claims this could help amplify the global interest around XRP. This is undoubtedly a possibility, considering that XRP already enjoys a huge following in this region simply because of <a href="https://cryptorank.io/news/feed/3d9b2-ripple-swell-xrp-product-rebrand-new-partners" rel="nofollow noopener" target="_blank">Ripple’s payment service</a>.&nbsp;</p> 
<p><img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/9xOztYOr/" alt="XRP price chart from Tradingview.com (XRP ETF crypto)" width="2650" height="1530"></p> 
<h2 id="what-needs-to-happen-before-an-xrp-etf-can-launch">What Needs To Happen Before An XRP ETF Can Launch</h2> 
<p>The topic of an XRP ETF had previously been up for discussion when Bloomberg analyst James Seyyfart <a href="https://www.newsbtc.com/analysis/xrp/xrp-spot-etf-coming-to-the-us/" rel="nofollow noopener" target="_blank">shared his thoughts</a>. He mentioned that XRP will need to be listed on the Chicago Mercantile Exchange (CME) before the SEC can approve a Spot XRP ETF. His opinion was based on the fact that this has been a condition to curb <a href="https://www.newsbtc.com/bitcoin-news/sec-prove-bitcoin-is-not-manipulated/" rel="nofollow noopener" target="_blank">fraud and manipulation</a>.&nbsp;</p> 
<p>For now, all eyes will be on the pending Spot Bitcoin and Ethereum ETF applications. Approval of these funds could usher in an XRP ETF, as any potential filer will feel confident of the SEC approving such a fund. However, considering the <a href="https://bitcoinist.com/ripple-meeting-with-sec-today/">SEC’s long-running legal battle</a> with Ripple over XRP, the Commission might still be hesitant about making such a decision.&nbsp;</p>

Crypto Expert Breaks Down What To Expect If An XRP ETF Is Approved

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