I know folks need materials but funny how we keep hyping something that never existed while the price continues to go down.
And if my magic ball is correct, No one wants to apply for this, and a 0% chance of approval
XRP isn't relevant anymore and likely won't see much upside compared to newer L1 or L2.
And I am sure BlackRock or others would not list the No.7 coin and a small market cap.
Yeah, I agree with this point of view: XRP has not really stood out in the crypto market as it did in the bullrun 2017. The market has become more dynamic with many Layer-1, Layer-2, RWA, Oracle projects... Large funds like BlackRock and Fidelity are also not yet interested in XRP Spot ETFs because they are focusing on fighting for ETH Spot ETFs.
However, Ripple is fully capable of promoting a Spot ETF product for XRP thanks to their enormous influence, even though we don't yet know the market demand for such a product. In addition, after BTC, XRP is also the only crypto that has been determined not to be a security, and ETH has not yet been able to achieve the same legal status as XRP. This gives us reason to be optimistic about XRP Spot ETFs, especially if ETH Spot ETFs are rejected later this month.