Read

<ul> 
 <li>Ripple CEO hints at XRP potentially being the next crypto ETF after recent Ethereum spot ETF approvals.</li> 
 <li>Garlinghouse emphasized the significance of SEC’s Ethereum spot ETF approval and FIT21 crypto bill.</li> 
 <li>XRP spot ETF prospects depend on resolving Ripple’s SEC lawsuit and further regulatory developments.</li> 
</ul> 
<p>After Ethereum spot ETFs were <a href="https://cryptonewsland.com/approval-of-spot-eth-etf-signals-regulatory-shift/" target="_blank" rel="noreferrer noopener">just approved recently</a>, Ripple CEO Brad Garlinghouse has indirectly suggested that XRP may be the next cryptocurrency to become an ETF. He provided this hint by responding to a remark on his post that celebrated the U.S. regulator’s acceptance of Ethereum spot ETFs. Major players such as BlackRock, Grayscale, VanEck, and Fidelity had their applications approved.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Big momentum in crypto this week – ETH ETF passed and bipartisan support on crypto legislation… <br><br>Feels like hell has frozen over!! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f976.png" alt="🥶" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/70T0qLt1FH">https://t.co/70T0qLt1FH</a></p>— Brad Garlinghouse (@bgarlinghouse) <a href="https://twitter.com/bgarlinghouse/status/1793796467800310151?ref_src=twsrc%5Etfw">May 24, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Garlinghouse emphasized the importance of the FIT21 crypto bill’s passing and the SEC’s clearance, calling both developments crucial for the sector. Following the lead of the Ethereum-based ETFs, three XRP fans responded to Garlinghouse’s comments by proposing the creation of an XRP spot ETF. Interestingly, Garlinghouse liked those suggestions, consequently backing them.</p> 
<p>Prominent XRP community member Zach Rector <a href="https://x.com/ZachRector7/status/1793838284193620450" target="_blank" rel="noreferrer noopener nofollow">confirms</a> Garlinghouse’s previous predictions that 2024 will be a big year for XRP. Garlinghouse stated in an interview from February that diversity is key and that an XRP spot ETF is inevitable. On the other hand, he remained withdrawn when asked if he would work with asset managers such as BlackRock to offer an XRP ETF.</p> 
<p>Although Garlinghouse is bullish on the possibility of an XRP ETF, he keeps out of the speculation over when it would launch by&nbsp; pointing up the unsolved regulatory challenges.</p> 
<p>Sean McBride, the former director of <a href="https://ripple.com/" target="_blank" rel="noreferrer noopener nofollow">Ripple</a>, and several industry insiders have speculated that an XRP ETF could debut in the year 2025. The SEC’s classification of SOL as a security and the necessity of a futures market regulated by the CFTC are the reasons behind this delay.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">For whatever reasons, I’ve been hanging on to this one for a while…<br><br>Prob my all time favorite from the XRP community. It’s been hanging on a wall in my house… but with all this momentum in the market, I wanted to share it!! <a href="https://t.co/L7c861JEJZ">pic.twitter.com/L7c861JEJZ</a></p>— Brad Garlinghouse (@bgarlinghouse) <a href="https://twitter.com/bgarlinghouse/status/1793802785504256513?ref_src=twsrc%5Etfw">May 24, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>With <a href="https://cryptonewsland.com/ripple-files-motion-to-seal-materials-in-sec-case-to-protect-sensitive-financial-data-court-decision-reveal-on-may-20/" target="_blank" rel="noreferrer noopener">Ripple’s continuing case with the SEC</a> still pending and more regulatory developments pending, the possibility of an XRP ETF is considered as more far off in the future. The possibility of an XRP spot ETF is still something that the cryptocurrency community is interested in exploring.</p> 
<p>Though regulatory obstacles continue to provide serious obstacles, Garlinghouse’s recent activities have stimulated speculation. The sector will be attentively monitoring any new developments in this area.&nbsp;</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/crypto-watch-garlinghouse-anticipates-ripple-sec-legal-showdowns-end/">Crypto Watch: Garlinghouse Anticipates Ripple-SEC Legal Showdown’s End</a></li>
 <li><a href="https://cryptonewsland.com/xrp-is-the-next-bitcoin/">Brad Garlinghouse: “XRP is the Next Bitcoin, Envisioning a $10,000+ Future”</a></li>
 <li><a href="https://cryptonewsland.com/garlinghouse-assures-xrp-is-core-to-business-as-ripple-announces-victory-party/">Garlinghouse Assures XRP Is Core to Business as Ripple Announces Victory Party</a></li>
 <li><a href="https://cryptonewsland.com/ripple-ceos-bullish-insights-fuel-xrp-community-anticipation/">Ripple CEO’s Bullish Insights Fuel XRP Community Anticipation</a></li>
 <li><a href="https://cryptonewsland.com/ripple-ceo-brad-garlinghouse-predicts-us-sec-will-lose-war-against-eth/">Ripple CEO Brad Garlinghouse Predicts US SEC Will Lose War Against ETH</a></li>
</ul> 
<p>The post <a href="https://cryptonewsland.com/xrp-price-bullish-as-ripple-ceo-hints-at-potential-breakthrough-will-xrp-be-the-next-crypto-etf/">XRP Price Bullish as Ripple CEO Hints at Potential Breakthrough, Will XRP Be the Next Crypto ETF?</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

XRP Price Bullish as Ripple CEO Hints at Potential Breakthrough, Will XRP Be the Next Crypto ETF?

Crypto News Land

在 2024年5月24日發表的其他文章

Don’t Expect an Ethereum ETF Boom Overnight: Here’s Why

Cardano (ADA) Holders Book Losses, But There’s a Catch

Expert Names 4 Cryptocurrencies to Achieve Financial Freedom in 2024

Binance Executive Collapses During Court Hearing in Nigeria

JPMorgan Talks About The Approved Ethereum Spot ETFs And The Future Of Cryptocurrencies

Lido DAO (LDO) jumps 10% following Q1 metrics report

訂閱免費電子報，每天收取加密貨幣最新動態！