Will we have XRP Spot ETF soon?

[MUGNIA]

I think for now XRP spot ETF has not been thought of even though the altcoin session is coming, it is too risky if XRP spot is held and approved, the feeling will not be good

[legend45]

I think for now XRP spot ETF has not been thought of even though the altcoin session is coming, it is too risky if XRP spot is held and approved, the feeling will not be good

XRP just finished facing problems with the SEC, I guess it will need time to recover. An Ethereum ETF has not yet been approved, which is why I don't think there will be another altcoin ETF in the future.

[MrSpasybo]

XRP just finished facing problems with the SEC, I guess it will need time to recover. An Ethereum ETF has not yet been approved, which is why I don't think there will be another altcoin ETF in the future.

The most significant part of the lawsuit related to the XRP token has concluded, and the verdict favors Ripple: XRP is not a security. The current lawsuit only involves investment contracts between Ripple and large clients, and I believe Ripple can settle it with money. Compared to ETH, XRP's legal status is actually clearer as ETH is still under investigation by the SEC, and the SEC has not confirmed that ETH is not a security.

Legally speaking, XRP Spot ETFs can be approved, the only issue is the user demand for this product. Of course, I have also said: I do not dare to have high expectations for XRP Spot ETFs in this cycle, I just need the news and expectations of it to boost the XRP token price in the market and bring profits to investors who have always believed in XRP ^^

[Google+]

I think for now XRP spot ETF has not been thought of even though the altcoin session is coming, it is too risky if XRP spot is held and approved, the feeling will not be good

XRP just finished facing problems with the SEC, I guess it will need time to recover. An Ethereum ETF has not yet been approved, which is why I don't think there will be another altcoin ETF in the future.

XRP will probably never be allowed by the SEC to enter an ETF. The risks held by Ripple are too high, the SEC does not want to take very high risks like that. Currently the SEC is still trying to give Ethereum the opportunity to enter the ETF but there is still no further information. Ethereum, which is the best altcoin, still takes a very long time to enter the ETF, while Ripple is unlikely to be accepted into the ETF

[MrSpasybo]

XRP will probably never be allowed by the SEC to enter an ETF. The risks held by Ripple are too high, the SEC does not want to take very high risks like that. Currently the SEC is still trying to give Ethereum the opportunity to enter the ETF but there is still no further information. Ethereum, which is the best altcoin, still takes a very long time to enter the ETF, while Ripple is unlikely to be accepted into the ETF

I don't think the approval of a Spot ETF for an asset depends on the distribution of that asset. BTC is held by Satoshi, governments, companies, and wealthy individuals, but a BTC Spot ETF has still been approved. Some of the issues that the SEC is concerned about are: the commodity nature of the asset, price transparency and independence, and investor trading demand.

So far, XRP only meets the first condition because XRP is not a security. The remaining 2 conditions are still unclear because no company has filed an application for XRP Spot ETFs. For now, we are still focusing on ETH Spot ETFs. I hope that after May 23, whatever the outcome foe ETH Spot ETFs, we will start talking about Spot ETFs for other tokens, including XRP Spot ETFs.