Is it Possible to Create an XRP ETF? Professional Opinion

In the US, spot Bitcoin exchange-traded fund filings have failed for years. The SEC is hesitant.

XRP? ETH ETF ideas are also floating around. Something new, but evidently there's curiosity.

 

ALSO READ:Coinbase is opposed to the SEC's plan to regulate decentralized exchanges.

 

  • The US SEC-approved Bitcoin ETF would legitimize Bitcoin as an investable asset, which is why cryptocurrency investors want it.
  • Many institutions searching for a safe way to invest in BTC without worrying about its safekeeping would benefit from this.
  • Keeping a lot of BTC is hazardous and not for everyone.
  • With BlackRock registering for a Bitcoin ETF, many believe its odds have strengthened. This is because it's the world's largest asset manager and has a great track record of having ETF applications accepted. Shocker.
  • James Seyffart, an asset management specialist, now weighs in on an XRP ETF's approval.
  • XRP's Gemini listing prompted his comments.

ALSO READ:OKX, a leading cryptocurrency exchange, will expand operations in Dubai, UAE.

 

Gemini after Coinbase and XRP. XRP ETF has been questioned about several times in recent weeks. Not enough for this SEC to create an XRP ETF. Issuers appear to have little interest in trying.

 

ALSO READ:Half-Life Of Bitcoin, A Priori Is Not A Criteria: Coinbase | CoinDesk JAPAN | CoinDesk JAPAN

 


Haccklordd

158 Blog posts

Comments