Ethereum

<p>The post <a href="https://coinpedia.org/news/xrp-etf-ethereum-etf-on-horizon-predicts-valkyrie-investment-chief/">Ethereum and XRP ETFs Eye Market Entry as Bitcoin ETF Nears Green Light</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The ETH/BTC ratio has hit its lowest point since May 2021, signaling a decline in Ethereum’s value against <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin</a>. This drop coincides with rising market expectations for the launch of a spot exchange-traded fund (ETF) in the United States. It’s also been a consistent trend since Ethereum transitioned to a proof-of-stake network in September 2022, according to <a href="https://twitter.com/dessislavaiane2/status/1744664939761995937?s=46&amp;t=aw6ZR-6aD050XLPVXY8AQA"><strong>data </strong></a>from Kaiko, a crypto intelligence platform based in Paris.&nbsp;</p> 
<p>The crypto industry is eagerly watching the US SEC’s stance on Bitcoin ETFs. Valkyrie’s Steven McClurg has even suggested that approvals for <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/">Ethereum</a> and XRP ETFs might follow.</p> 
<p>Excited to know the prospects? Come, let’s find out.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-ethereum-s-etf-potential"><strong><strong>Ethereum’s ETF Potential</strong></strong></h2> 
<p>Steven McClurg’s views are rooted in Ethereum’s status as the second-largest digital asset, currently priced at $2,272.26, even after a recent decline of 3.67%. Given Ethereum’s market influence, it’s seen as a strong candidate for an ETF.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">NEW: <a href="https://twitter.com/ValkyrieFunds?ref_src=twsrc%5Etfw">@ValkyrieFunds</a> Chief Investment Officer <a href="https://twitter.com/stevenmcclurg?ref_src=twsrc%5Etfw">@stevenmcclurg</a> says it wouldn’t surprise him if he saw “Ripple” ($XRP) and Ethereum spot ETFs coming to market now that the <a href="https://twitter.com/SECGov?ref_src=twsrc%5Etfw">@SECGov</a> is about to approve one for Bitcoin. <a href="https://t.co/EBcwvbgChs">pic.twitter.com/EBcwvbgChs</a></p>— Eleanor Terrett (@EleanorTerrett) <a href="https://twitter.com/EleanorTerrett/status/1744797194958365133?ref_src=twsrc%5Etfw">January 9, 2024</a>
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<p>The SEC’s positive attitude towards Bitcoin ETFs, combined with proactive efforts from Gary Gensler, has given hope to many in the crypto community. Notable firms, including <a href="https://coinpedia.org/news/blackrock-and-vaneck-submitted-revised-applications-for-spot-bitcoin-etfs/">BlackRock Inc., Fidelity Investments</a>, and Valkyrie, are awaiting the SEC’s decision on their ETF proposals.</p> 
<p>Also Read: <a href="https://coinpedia.org/news/sec-postpones-ruling-on-ethereum-etfs-opens-door-for-public-input/">SEC Postpones Ruling on Ethereum ETFs, Opens Door for Public Input</a></p> 
<h2 class="wp-block-heading" id="h-when-will-the-sec-decide">When Will the SEC Decide?</h2> 
<p>This week, the SEC may decide on <a href="https://coinpedia.org/news/new-bitcoin-etfs-set-to-begin-trading-this-thursday-morning/">Spot Bitcoin ETFs</a>. Time is running out for pending applications. Multiple companies have applied for Spot Ethereum ETFs, but none have announced a Ripple XRP ETF. XRP ETF would make cryptocurrencies easier to use in regular banking, and other major cryptocurrencies may follow suit.</p> 
<p>A green signal for Bitcoin ETFs might pave the way for the introduction of an Ethereum ETF in the future. This positive decision for Bitcoin ETFs could set a precedent for Ethereum and potentially other cryptocurrency-based ETFs to enter the market.</p> 
<p>Also Read: <a href="https://coinpedia.org/news/will-sec-delay-spot-bitcoin-etf-approval-due-to-hack-possible-reasons-explained/">Will SEC Delay Spot Bitcoin ETF Approval Due to Hack? Possible Reasons Explained</a></p> 
<h2 class="wp-block-heading" id="h-is-an-xrp-etf-on-the-horizon">Is An XRP ETF On the Horizon?</h2> 
<p>There’s a growing buzz about a potential <a href="https://coinpedia.org/news/speculation-mounts-as-analysts-foresee-xrp-etf-filing-shortly-after-secs-approval-of-bitcoin-etf/">XRP ETF</a>, signaling a possible boost for XRP’s ecosystem. While past attempts at an XRP ETF triggered short-lived price swings, McClurg’s recent hint rekindles hope, especially when XRP trails behind other cryptocurrencies in value.&nbsp;Presently, there are no active Ripple XRP ETF applications, but Grayscale might consider adding XRP to its traded trusts. XRP’s current value stands at $0.5738, down 1% from 24 hours ago. </p> 
<p>An anticipated Ripple XRP Spot ETF filing could significantly spike XRP’s price. Notably, an influential figure in the XRP community, “XRP whale,” <a href="https://twitter.com/realXRPwhale/status/1743990586552533445">suggests </a>an ETF application might emerge by April, with the ETF potentially launching before 2024 ends. Despite this optimism, no official announcements have come from potential issuers regarding an XRP ETF.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">BREAKING: An <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> ETF application will probably come in April of this year, and with a possible launch before the 2024 year closes out.<br><br>2024 is BULLISH FOR XRP! This is huge!<a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a></p>— XRP whale (@realXRPwhale) <a href="https://twitter.com/realXRPwhale/status/1743990586552533445?ref_src=twsrc%5Etfw">January 7, 2024</a>
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Ethereum and XRP ETFs Eye Market Entry as Bitcoin ETF Nears Green Light

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