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- The US SEC has authorised 11 spot Bitcoin ETFs, signaling potential approval for different crypto ETFs together with a doable future spot XRP ETF, as urged by Ripple CEO Brad Garlinghouse.
- Garlinghouse expressed confidence within the emergence of extra cryptocurrency ETFs, stating it’s a “certainty,” however didn’t present a particular timeline for his or her growth.
- Ripple has paused its plans for an IPO attributable to “hostile” regulatory situations within the US, with Garlinghouse criticizing the SEC’s actions in opposition to Coinbase post-IPO and revealing a seek for IPO alternatives exterior the US. XRP’s worth is perhaps impacted by Ripple’s delayed IPO and ongoing authorized battle with the SEC.
The world of cryptocurrency is at all times abuzz with hypothesis and predictions. Not too long ago, the approval of Bitcoin ETFs by the SEC has buyers questioning about the way forward for different crypto ETFs, together with the potential for an XRP ETF. Ripple CEO Brad Garlinghouse has weighed in on the matter, hinting at a future the place cryptocurrency ETFs are commonplace, however what does this imply for Ripple and XRP?
Ripple CEO Foresees Extra Crypto ETFs
- Ripple’s XRP token doubtlessly in line for a spot ETF following Bitcoin ETF approvals by the SEC.
- Brad Garlinghouse, Ripple’s CEO, speaks on the inevitability of further cryptocurrency ETFs.
- Garlinghouse expresses confidence within the emergence of different ETFs with out committing to a particular timeline.
- An XRP ETF stays unsure, however the Ripple CEO assures extra crypto ETFs are on the horizon.
Ripple Pauses IPO Plans – Affect on XRP
- Ripple’s resolution to halt its IPO could replicate on XRP’s market efficiency.
- Hostile regulatory surroundings within the US prompts Ripple to think about IPO alternatives overseas.
- Garlinghouse criticizes the US for its powerful stance on crypto corporations going public.
- Fears come up after the SEC’s lawsuit in opposition to Coinbase post-IPO, signaling potential dangers for Ripple.
- XRP’s authorized standing nonetheless below scrutiny, with buyers searching for the excessive court docket’s resolution on the continuing SEC lawsuit.
Cryptocurrency fans and buyers are at all times looking out for the following huge growth. The SEC’s nod to Bitcoin ETFs has solely served to gas the flames of anticipation for what’s subsequent. With Garlinghouse’s feedback, the crypto neighborhood may have to take a seat tight and watch as the way forward for crypto ETFs, together with XRP’s, unfolds amidst a posh regulatory panorama.
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