Shift

<ul>
 <li>XRP and Solana ETFs are imminent in the US, spurred by rising Ethereum ETF approvals.</li>
 <li>Lawmakers are pushing for expanded altcoin ETF options beyond Bitcoin and Ethereum.</li>
 <li>Despite optimism, investor demand for altcoin ETFs remains uncertain.</li>
</ul>
<p>Ripple CEO Brad Garlinghouse has firmly stated that Americans will see ETFs for XRP and Solana soon. At the Consensus conference, Garlinghouse focused on the inevitability of an XRP ETF as a crucial step forward in the field of cryptocurrency investments.</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">Ripple's Brad Garlinghouse foresees XRP, Solana, &amp; Cardano ETFs <a href="https://t.co/xgI4plviUx" rel="noopener noreferrer nofollow">pic.twitter.com/xgI4plviUx</a></p>— Altcoin Daily (@AltcoinDailyio) <a href="https://twitter.com/AltcoinDailyio/status/1796389288516669766?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 31, 2024</a>
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</figure>
<p><strong>Regulatory Developments&nbsp;</strong></p>
<p>The Ethereum prices have risen to the highest level since mid-March this year following the SEC approval for four spot Ethereum ETFs. This shift in regulation demonstrates that ETFs for altcoins are gaining more popularity among investors in the US market.</p>
<p>Garlinghouse’s forecasts are in line with industry projections regarding the expansion of ETF products beyond Ethereum and Bitcoin. Lawmakers who support cryptocurrencies have pushed the SEC to expedite the approval of ETFs for a variety of tokens, such as Solana and XRP. However, concerns linger about investor demand for these products, given recent statements by industry leaders.</p>
<p><strong>Market Response and Future Outlook</strong></p>
<p>Following the success of Bitcoin ETF launches earlier this year, market observers anticipate similar outcomes for altcoin ETFs.&nbsp;</p>
<p>British multinational bank Standard Chartered has echoed Garlinghouse’s sentiments, predicting XRP and Solana will lead the next wave of altcoin ETFs. Despite regulatory optimism, the actual market reception remains uncertain, with BlackRock’s Robert Mitchnick noting minimal client interest in altcoins.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also:</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/ripple-ceo-says-bitcoin-etf-approval-signals-etfs-for-various-crypto-assets/" rel="noopener noreferrer nofollow">Ripple CEO Says Bitcoin ETF Approval Signals ETFs for Various Crypto Assets</a></li>
 <li><a href="https://cryptonewsland.com/xrp-price-bullish-as-ripple-ceo-hints-at-potential-breakthrough-will-xrp-be-the-next-crypto-etf/" rel="noopener noreferrer nofollow">XRP Price Bullish as Ripple CEO Hints at Potential Breakthrough, Will XRP Be the Next Crypto ETF?</a></li>
 <li><a href="https://cryptonewsland.com/spot-bitcoin-etfs-approvals-imminent-or-delayed-to-next-week/" rel="noopener noreferrer nofollow">Spot Bitcoin ETFs: Approvals Imminent or Delayed to Next Week?</a></li>
 <li><a href="https://cryptonewsland.com/crypto-watch-garlinghouse-anticipates-ripple-sec-legal-showdowns-end/" rel="noopener noreferrer nofollow">Crypto Watch: Garlinghouse Anticipates Ripple-SEC Legal Showdown’s End</a></li>
 <li><a href="https://cryptonewsland.com/xrp-is-the-next-bitcoin/" rel="noopener noreferrer nofollow">Brad Garlinghouse: “XRP is the Next Bitcoin, Envisioning a $10,000+ Future”</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/xrp-etf-approval-imminent-as-ripple-ceo-foresees-market-shift/" rel="noopener noreferrer nofollow">XRP ETF Approval Imminent as Ripple CEO Foresees Market Shift</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

XRP ETF Approval Imminent as Ripple CEO Foresees Market Shift

Crypto News Land

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