Will we have XRP Spot ETF soon?

[Legion]

Since bitcoin ETF had been approved and now we are having the pursuant after that of Ethereum as well to get approved sometimes in the near future, that means any other cryptocurrency can also make an application for approval since it has to be extended also to the alts currencies and XRP is not a type that could be low rated in choosing the most recognized altcoins, if Ethereum is considered later, then we should expect XRP as well altogether.

I saw some news saying that the SEC was withdrawing its decision and reconsidering whether to accept Ehtereum into the ETF or not, because there were several problems that had to make the SEC review it, Ethereum was too dangerous to enter the ETF list.

[MrSpasybo]

I saw some news saying that the SEC was withdrawing its decision and reconsidering whether to accept Ehtereum into the ETF or not, because there were several problems that had to make the SEC review it, Ethereum was too dangerous to enter the ETF list.

Current Spot ETF attention is on ETH. Although the SEC may be looking for a way to reject it, I don't think they will be successful because they don't dare to declare ETH a security to confront the CFTC, and the ETH future price is closely following the ETH spot price. I think ETH Spot ETFs will be approved this year, and then we can think about XRP Spot ETFs because XRP is also not a security.

Everything depends on the decision of large funds like BlackRock and Fidelity. Currently, they are only focused on BTC and ETH because they have a large community, large liquidity, and are extremely popular in the crypto market. XRP does not have such a good position, it is not even as popular as SOL or DOGE. I just hope that Ripple can do something interesting in this cycle to bring XRP back to popularity and the ability to increase in price strongly 

[UNIVERSE]

I'm not sure. because ethereum alone will probably not be approved or in this case most likely rejected. Because there are already signs like that. It isn't easy for altcoins to get ETF approval. So, we may not see closer the XRP ETF. It needs more time to make it true and approved. Well this is related to certain regulation. and none can force it. But hopefully someday, it will be really here, f=not only for XRP but also for more top altcoins. Maybe it must be started by the Ethereum  at first. Although it is still difficult.

[MrSpasybo]

I'm not sure. because ethereum alone will probably not be approved or in this case most likely rejected. Because there are already signs like that. It isn't easy for altcoins to get ETF approval. So, we may not see closer the XRP ETF. It needs more time to make it true and approved. Well this is related to certain regulation. and none can force it. But hopefully someday, it will be really here, f=not only for XRP but also for more top altcoins. Maybe it must be started by the Ethereum  at first. Although it is still difficult.

Everything has changed after a few weeks. Now that we know the SEC is investigating ETH with the aim of proving that ETH is a security, I am no longer expecting that ETH Spot ETFs can be approved this year. It is possible that Gary Gensler will do something unexpected for the crypto market before leaving his position as SEC chairman, such as rejecting ETH Spot ETFs. If this happens, we will have a major disruption in the crypto market, but interest could shift to XRP and products like XRP Spot ETFs because XRP has been determined not to be a security.

For other top ALTS like SOL or ADA, many investors also want Spot ETFs for them, but for now it's not really that important because their legal nature is still not clearly defined. I also think the market only needs a few Spot ETFs of the top commodity ALTS like BTC, ETH, and XRP.

[koang]

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.

[MrSpasybo]

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.

[koang]

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.

Of course Ripple wants to and can afford to promote the XRP ETF.
Because If that happens, the XRP ETF will become Ripple's personal piggy bank.
The question is. Why ETF for the worst-performing crypto? XRP still zombi-coin.
For me, XRP ETF is just a noise, just feelings and wishes not something real. I lost interest fast.
And I'll be sitting at home waiting for the pump that analysts keep promising us

[TopT3ns]

Of course Ripple wants to and can afford to promote the XRP ETF.
Because If that happens, the XRP ETF will become Ripple's personal piggy bank.
The question is. Why ETF for the worst-performing crypto? XRP still zombi-coin.
For me, XRP ETF is just a noise, just feelings and wishes not something real. I lost interest fast.
And I'll be sitting at home waiting for the pump that analysts keep promising us

XRP may have the potential to enter an ETF, but this depends on the SEC's decision on how to give a decision to XRP. Maybe as long as XRP follows the rules provided by the SEC and completes the requirements needed to register

[MrSpasybo]

Of course Ripple wants to and can afford to promote the XRP ETF.
Because If that happens, the XRP ETF will become Ripple's personal piggy bank.
The question is. Why ETF for the worst-performing crypto? XRP still zombi-coin.
For me, XRP ETF is just a noise, just feelings and wishes not something real. I lost interest fast.
And I'll be sitting at home waiting for the pump that analysts keep promising us

Currently, XRP is rightfully considered a zombie chain, but I still recognize its potential in the global remittance sector. From a utility perspective, Ripple is truly a giant that has stepped into the economy while other blockchains have yet to do so, including Chainlink. If Ripple effectively inflates and manipulates the price of XRP as it did during the 2017 bull run, the XRP price will surge, positive news about XRP will appear everywhere, and our views on Ripple and XRP Spot ETFs may change.

At the same time, XRP Spot ETFs may not be the story in the near future as the demand from traditional investors for this product has not yet materialized. However, if Ripple can make this narrative mainstream, it could be used to drive up the XRP price on the market. We have the entire bullrun 2025 to wait for the answer, and I personally remain optimistic about XRP's growth after 6 years of price accumulation.

[koang]

Of course Ripple wants to and can afford to promote the XRP ETF.
Because If that happens, the XRP ETF will become Ripple's personal piggy bank.
The question is. Why ETF for the worst-performing crypto? XRP still zombi-coin.
For me, XRP ETF is just a noise, just feelings and wishes not something real. I lost interest fast.
And I'll be sitting at home waiting for the pump that analysts keep promising us

Currently, XRP is rightfully considered a zombie chain, but I still recognize its potential in the global remittance sector. From a utility perspective, Ripple is truly a giant that has stepped into the economy while other blockchains have yet to do so, including Chainlink. If Ripple effectively inflates and manipulates the price of XRP as it did during the 2017 bull run, the XRP price will surge, positive news about XRP will appear everywhere, and our views on Ripple and XRP Spot ETFs may change.

At the same time, XRP Spot ETFs may not be the story in the near future as the demand from traditional investors for this product has not yet materialized. However, if Ripple can make this narrative mainstream, it could be used to drive up the XRP price on the market. We have the entire bullrun 2025 to wait for the answer, and I personally remain optimistic about XRP's growth after 6 years of price accumulation.

Nothing has changed about XRP, the only thing that has changed is people's perception of it.
Literally, nothing has changed except that some people get REKT when investing in Ripple, with 1 cent forward and 2 cents back most of the time.
The narrative of the XRP ETF is currently building is simply to keep the dream alive.
But I've stopped hoping for the best, as it seems that expectations of the worst keep getting fulfilled. I'm moving on to other promising projects.

[MrSpasybo]

Nothing has changed about XRP, the only thing that has changed is people's perception of it.
Literally, nothing has changed except that some people get REKT when investing in Ripple, with 1 cent forward and 2 cents back most of the time.
The narrative of the XRP ETF is currently building is simply to keep the dream alive.
But I've stopped hoping for the best, as it seems that expectations of the worst keep getting fulfilled. I'm moving on to other promising projects.

Yeah, Ripple has continued to maintain its business model over the years, the only thing that may change is investor expectations for an XRP price increase. I believe that's the only reason they've turned to buying and holding XRP for all these years, everyone wants to make big profits from XRP like what happened in the bullrun 2017.

The current crypto market is bustling and there are more opportunities, both BTC and ETH are more attractive than XRP in terms of security and profitability. In addition, we also have SOL, AVAX, DOT, ATOM, SUI, SEI... which are very potential new projects and worthy of being chosen for the portfolio over XRP. Anyway, the investment decision is up to each individual, I still see some potential and opportunity in XRP.

[bitterguy28]

Since bitcoin ETF had been approved and now we are having the pursuant after that of Ethereum as well to get approved sometimes in the near future, that means any other cryptocurrency can also make an application for approval since it has to be extended also to the alts currencies and XRP is not a type that could be low rated in choosing the most recognized altcoins, if Ethereum is considered later, then we should expect XRP as well altogether.

I saw some news saying that the SEC was withdrawing its decision and reconsidering whether to accept Ehtereum into the ETF or not, because there were several problems that had to make the SEC review it, Ethereum was too dangerous to enter the ETF list.

lets not talk about other coin here because this is about ETF approval of Ripple (XRP) and not about ethereum nor bitcoin .

and besides XRP ETF approval may take some long time than what supporters expected because they have been facing lots of issues against SEC so how come that they will approve the ETF.

[koang]

Nothing has changed about XRP, the only thing that has changed is people's perception of it.
Literally, nothing has changed except that some people get REKT when investing in Ripple, with 1 cent forward and 2 cents back most of the time.
The narrative of the XRP ETF is currently building is simply to keep the dream alive.
But I've stopped hoping for the best, as it seems that expectations of the worst keep getting fulfilled. I'm moving on to other promising projects.

Yeah, Ripple has continued to maintain its business model over the years, the only thing that may change is investor expectations for an XRP price increase. I believe that's the only reason they've turned to buying and holding XRP for all these years, everyone wants to make big profits from XRP like what happened in the bullrun 2017.

The current crypto market is bustling and there are more opportunities, both BTC and ETH are more attractive than XRP in terms of security and profitability. In addition, we also have SOL, AVAX, DOT, ATOM, SUI, SEI... which are very potential new projects and worthy of being chosen for the portfolio over XRP. Anyway, the investment decision is up to each individual, I still see some potential and opportunity in XRP.

“Pessimists sound smart, optimists make money.”
However, this quote only applies when we're talking about Bitcoin.

The Altcoin segment is becoming popular and large because innovation is driving this segment forward.
Everyone is always looking for the next big thing in crypto, but ETH having such a large market cap is not because of luck, just as Bitcoin dropped in dominance due to ETH.
And everyone in the crypto wants to make money, keep tap dancing shoes, and don't get married to any asset is good. but we should put money on the winner. IMO

[MrSpasybo]

“Pessimists sound smart, optimists make money.”
However, this quote only applies when we're talking about Bitcoin.

The Altcoin segment is becoming popular and large because innovation is driving this segment forward.
Everyone is always looking for the next big thing in crypto, but ETH having such a large market cap is not because of luck, just as Bitcoin dropped in dominance due to ETH.
And everyone in the crypto wants to make money, keep tap dancing shoes, and don't get married to any asset is good. but we should put money on the winner. IMO

We will always see many investors choose ALTS instead of BTC or ETH because of the expectation of higher profits in bullrun & altseason, XRP is also one of the options. Believers will wait for Ripple's comeback, while non-believers will look for other opportunities, we have thousands of tokens in the crypto market ^^

Anyway, we still have a lot of time to wait and confirm our own expectations for XRP in this cycle. I also dare not expect the appearance of XRP Spot ETFs right in this cycle, I only hope that news about it can create FOMO and boost the XRP price, bringing profits to those who believe and hold XRP in over the years.

[koang]

“Pessimists sound smart, optimists make money.”
However, this quote only applies when we're talking about Bitcoin.

The Altcoin segment is becoming popular and large because innovation is driving this segment forward.
Everyone is always looking for the next big thing in crypto, but ETH having such a large market cap is not because of luck, just as Bitcoin dropped in dominance due to ETH.
And everyone in the crypto wants to make money, keep tap dancing shoes, and don't get married to any asset is good. but we should put money on the winner. IMO

We will always see many investors choose ALTS instead of BTC or ETH because of the expectation of higher profits in bullrun & altseason, XRP is also one of the options. Believers will wait for Ripple's comeback, while non-believers will look for other opportunities, we have thousands of tokens in the crypto market ^^

Anyway, we still have a lot of time to wait and confirm our own expectations for XRP in this cycle. I also dare not expect the appearance of XRP Spot ETFs right in this cycle, I only hope that news about it can create FOMO and boost the XRP price, bringing profits to those who believe and hold XRP in over the years.

Well, You are a big fan of Ripple, Brad should come here and listen to your advice

Alt season is something we look forward to, and I agree the expected profit on Alt is higher than BTC
I'm not a fan of Ripple but I respect your decision. Time will tell
Thanks for the conversation, This a good conversation. I wish all the best to you.