Will we have XRP Spot ETF soon?

[koang]

Ripple eft may happen in spring of 2025 not this year.

No, no, not spring, it will happen in the summer of 2025. lol

Level the playing field they all said...OK. Get ready. Anything to keep dumping on retail. Funny how long this road has been.
And why would retail want to buy an asset that hasn’t appreciated in 7 years? The price action sucks
XRP as it seems loses compared to almost all old coins. I think the stock market even gives a better return on investment.

[Mr. Magkaisa]

        -   I just noticed this: since the bitcoin spot etf was approved, other cryptocurrencies have followed, which was followed by the ETH spot etf, which was also approved. Recently,  it was said that the Solanan spot etf would be applied, and now XRP.

It's a bit like these events are no longer realistic; it's obvious that they're just going along with the trend. We know that it's not easy to pass such a concept, so I don't think it's time for that to happen, in my opinion.

[MrSpasybo]

I'd say there's more than enough time. First of all, to find out how the trial ends, only then to draw some conclusions. We all know + understand very well how Sec sometimes changes his mind. + These guys, love to manipulate a crowd of naive people. That's why I personally chose the strategy of watching from the sidelines. I don't like to panic and jump to conclusions. 

P.S. I don't believe that we will see $1+ in the short term (I don't see any preconditions for that).... 

Yes, everything is still just our expectations, and perhaps Ripple also understands the importance of XRP Spot ETF for the price increase of XRP in this cycle, so recently they have mentioned the possibility of an XRP Spot ETF next year, perhaps at the hottest time of the bullrun. I hope this can come true if Ripple can convince large funds such as BlackRock and Fidelity, or Ripple will partner and support a smaller fund to get an XRP Spot ETF in the US.

From technical analysis perspective, XRP price is not really positive, it has fallen out of the uptrend and is back below the Kumo cloud. The stagnation continues and is gradually making XRP investors lose patience, perhaps only an XRP Spot ETF can bring XRP back into the race in the market 

• Ripple CEO Expects SEC to Approve Spot XRP ETF Next Year

[vegasus]

Yes, everything is still just our expectations, and perhaps Ripple also understands the importance of XRP Spot ETF for the price increase of XRP in this cycle, so recently they have mentioned the possibility of an XRP Spot ETF next year, perhaps at the hottest time of the bullrun. I hope this can come true if Ripple can convince large funds such as BlackRock and Fidelity, or Ripple will partner and support a smaller fund to get an XRP Spot ETF in the US.

In fact, Ripple CEO, Brad Garlinghouse, has also provided a response regarding the possibility of an XRP ETF occurring. However, it's not specific, he just said that the XRP ETF is "inevitable". There are several other coins such as SOL and ADA that also have this opportunity, because it is linked to the amount of trading volume. However, it does require a process and we just have to wait for the timing.

However, ETFs are not that easy. Maybe it could go up, but whether it is approved or not, that will be the concern of many groups. XRP has had cases with the SEC and perhaps this does not make it easy for XRP to get approval. Not only that, as you said, XRP has experienced a very significant decline and has not even surpassed the rise of Ethereum or other coins. So this year, it doesn't seem like the time yet.

https://cointelegraph.com/news/ripple-ceo-xrp-etf-inevitable-consensus-2024

[MrSpasybo]

In fact, Ripple CEO, Brad Garlinghouse, has also provided a response regarding the possibility of an XRP ETF occurring. However, it's not specific, he just said that the XRP ETF is "inevitable". There are several other coins such as SOL and ADA that also have this opportunity, because it is linked to the amount of trading volume. However, it does require a process and we just have to wait for the timing.

However, ETFs are not that easy. Maybe it could go up, but whether it is approved or not, that will be the concern of many groups. XRP has had cases with the SEC and perhaps this does not make it easy for XRP to get approval. Not only that, as you said, XRP has experienced a very significant decline and has not even surpassed the rise of Ethereum or other coins. So this year, it doesn't seem like the time yet.

https://cointelegraph.com/news/ripple-ceo-xrp-etf-inevitable-consensus-2024

While XRP has been determined not to be a security, we are hearing about SOL Spot ETF before XRP Spot ETF. The excitement of the Solana ecosystem and the demand for investment in SOL have helped SOL Spot ETF gain VanEck's attention.

I am quite worried about the future of XRP if XRP Spot ETF is not introduced and attracts investor attention during the market's growth phase. The crypto market has become crowded and created fierce competition between many projects, Ripple needs to take stronger action to help XRP continue to be an investment-worthy token after its victory over the SEC.

• VanEck Files for Solana ETF, SOL Rises 8%

[sampoerna]

I am quite worried about the future of XRP if XRP Spot ETF is not introduced and attracts investor attention during the market's growth phase. The crypto market has become crowded and created fierce competition between many projects, Ripple needs to take stronger action to help XRP continue to be an investment-worthy token after its victory over the SEC.

• VanEck Files for Solana ETF, SOL Rises 8%
  

The competition for top coins is very tight. However, XRP, even though it has quite high volume and market cap, this coin is really under-valued. It is very difficult to experience an increase, even if there is, it only increases by a few cents and that is not good enough to compete with several other top altcoins which have risen that drastically. Luckily this is a top old coin, otherwise it would have been abandoned long ago.

As for ETFs, there is still no sign of this. This does not rule out the possibility that one day there could be an XRP ETF. but maybe not this time.

[MrSpasybo]

The competition for top coins is very tight. However, XRP, even though it has quite high volume and market cap, this coin is really under-valued. It is very difficult to experience an increase, even if there is, it only increases by a few cents and that is not good enough to compete with several other top altcoins which have risen that drastically. Luckily this is a top old coin, otherwise it would have been abandoned long ago.

As for ETFs, there is still no sign of this. This does not rule out the possibility that one day there could be an XRP ETF. but maybe not this time.

Well, we already have BTC Spot ETF, ETH Spot ETF and SOL Spot ETF being proposed. Unfortunately, XRP, a non-security token, still cannot have its own Spot ETF due to losing community support and investment because of the lawsuit in 2020. Ripple's win was once considered a success for the entire crypto community, but investors have not returned to support XRP. I don't really understand this, maybe in the end investors just need a story to ensure their profits, not willing to support a certain project in the market.

I am still waiting for concrete actions from Ripple to realize their recent statements related to XRP Spot ETF. I hope Ripple can work with the world's largest asset management funds to get XRP Spot ETF in time for this bullrun so that XRP can continue to be in the top 10 on Coinmarketcap.

[debra]

Well, we already have BTC Spot ETF, ETH Spot ETF and SOL Spot ETF being proposed. Unfortunately, XRP, a non-security token, still cannot have its own Spot ETF due to losing community support and investment because of the lawsuit in 2020. Ripple's win was once considered a success for the entire crypto community, but investors have not returned to support XRP. I don't really understand this, maybe in the end investors just need a story to ensure their profits, not willing to support a certain project in the market.

I am still waiting for concrete actions from Ripple to realize their recent statements related to XRP Spot ETF. I hope Ripple can work with the world's largest asset management funds to get XRP Spot ETF in time for this bullrun so that XRP can continue to be in the top 10 on Coinmarketcap.

I think it will be difficult to have XRP ETF. It is not only about non-security token, XRP also has a problem with SEC. Even the case can be solved, I'm not sure XRP to have an easy way to get its ETF spot. So, we don't expect too much about XRP ETF, it is because the chance seems not so high. If we are holders of XRP, we don't really need ETF spot to make XRP increasing high again. As long as the team of Ripple can make something good for XRP development, XRP can has a chance to jump again its price. Just forget the XRP ETF if it is unlikely to happen.

[MrSpasybo]

I think it will be difficult to have XRP ETF. It is not only about non-security token, XRP also has a problem with SEC. Even the case can be solved, I'm not sure XRP to have an easy way to get its ETF spot. So, we don't expect too much about XRP ETF, it is because the chance seems not so high. If we are holders of XRP, we don't really need ETF spot to make XRP increasing high again. As long as the team of Ripple can make something good for XRP development, XRP can has a chance to jump again its price. Just forget the XRP ETF if it is unlikely to happen.

Yeah, after BlackRock representative shared their view that they are currently focusing solely on BTC & ETH Spot ETFs and not considering Spot ETFs for other ALTS, I think we need to adjust our expectations for XRP Spot ETF in this cycle. For me, XRP remains a valuable asset with a good position in the crypto market. It will still receive attention thanks to Ripple's promotional strategy, but a Spot ETF could be big news to attract investor attention and pump the XRP price.

I even think that just the news of Ripple considering or taking action to promote proposals related to XRP Spot ETF would be enough to help XRP appear frequently in the media and reach potential investors. I'm not a US citizen, I can't invest in an XRP Spot ETF if it's approved, I'm only interested in profiting from XRP price increase in this bullrun ^^

[debra]

Yeah, after BlackRock representative shared their view that they are currently focusing solely on BTC & ETH Spot ETFs and not considering Spot ETFs for other ALTS, I think we need to adjust our expectations for XRP Spot ETF in this cycle. For me, XRP remains a valuable asset with a good position in the crypto market. It will still receive attention thanks to Ripple's promotional strategy, but a Spot ETF could be big news to attract investor attention and pump the XRP price.

It makes sense if they want to focus on BTC & ETH Spot first. They may expect to monitor the progress of these coins, they also want to ensure if there will be no problems. I've read the news that they may consider Solana ETF, but there is no clear further information. XRP may consider but it happens after other popular altcoins. However, a little news about XRP ETF is enough to trigger the interest of people buying more XRP again. I also expect another huge pump on XRP.

I'm not a US citizen, I can't invest in an XRP Spot ETF if it's approved, I'm only interested in profiting from XRP price increase in this bullrun ^^

We don't need to invest in XRP in ETF spot. We can buy XRP and hold the coin in our non-custodial wallets. If they price can skyrocket, we also can sell the XRP in the exchanges. The goal is the same, we expect big profits from XRP investment. It doesn't matter whether it is in ETF spot or in non-custodial wallets.

[MrSpasybo]

It makes sense if they want to focus on BTC & ETH Spot first. They may expect to monitor the progress of these coins, they also want to ensure if there will be no problems. I've read the news that they may consider Solana ETF, but there is no clear further information. XRP may consider but it happens after other popular altcoins. However, a little news about XRP ETF is enough to trigger the interest of people buying more XRP again. I also expect another huge pump on XRP.

We don't need to invest in XRP in ETF spot. We can buy XRP and hold the coin in our non-custodial wallets. If they price can skyrocket, we also can sell the XRP in the exchanges. The goal is the same, we expect big profits from XRP investment. It doesn't matter whether it is in ETF spot or in non-custodial wallets.

Yeah, I also hope that XRP Spot ETF will be positive news to fuel investor FOMO and they will choose XRP for their portfolio in this bullrun, especially after Ripple win over the SEC. It’s unfortunate that it will be difficult for that to become a reality when even the ETH Spot ETF is facing many difficulties right after trading.

As a supporter of Ripple and XRP, I will still look forward to news about XRP Spot ETF from a large asset management company in the market that has a relationship with Ripple. If not XRP Spot ETF, I believe Ripple will find some way to pump the XRP price because Ripple is the biggest XRP whale!

[LogitechMouse]

Well, the acceptance of Bitcoin Spot ETF created this "If Bitcoin gets accepted, so altcoins are" kind of mindset, and it created a domino effect towards other altcoins just as I expected.

It started with Ethereum, and now others are speculating about the next one to get accepted. Solana is the rumored next, but I doubt that it will be. As for XRP, it will be one of the top altcoins out there for a long time, but I don't think that a spot ETF for them will get accepted, Heck, I don't think that it really needs to be created at first place. I mean they just had problems with SEC a few months ago and many are speculating about a potential Spot XRP ETF already.

For me, I guess Bitcoin and Ethereum are enough already, and although SEC can just accept any Spot ETF that other companies will file, I don't think that it's necessary that a Spot ETF for many altcoins will be created.

[debra]

Yeah, I also hope that XRP Spot ETF will be positive news to fuel investor FOMO and they will choose XRP for their portfolio in this bullrun, especially after Ripple win over the SEC. It’s unfortunate that it will be difficult for that to become a reality when even the ETH Spot ETF is facing many difficulties right after trading.

I don't doubt if XRP spot ETF will make a big hype. The price of XRP will skyrocket again if it will come true. XRP is very likely to fix their case with SEC. I think people expect another altcoin to be in ETF spot, they don't want to have ETH only as the option. Anyway, the ETH spot ETF may have no impact to other altcoins for the long run.

As a supporter of Ripple and XRP, I will still look forward to news about XRP Spot ETF from a large asset management company in the market that has a relationship with Ripple. If not XRP Spot ETF, I believe Ripple will find some way to pump the XRP price because Ripple is the biggest XRP whale!

I'm not a real fan of XRP but I'm happy to see XRP increasing high again. I want to see this coin to skyrocket again because I am holding some of this coin and want to have more if it is likely to have good future. I still believe this coin isn't over yet, the team is still active to improve everything in this coin.

[MrSpasybo]

I'm not a real fan of XRP but I'm happy to see XRP increasing high again. I want to see this coin to skyrocket again because I am holding some of this coin and want to have more if it is likely to have good future. I still believe this coin isn't over yet, the team is still active to improve everything in this coin.

Ripple has made a few upgrades to its network, but they haven't been truly impressive to investors, especially since RLUSD could potentially threaten XRP role and value within the Ripple ecosystem. This makes me a little worried about XRP potential, but on the other hand, the development of the ecosystem could be a good way to promote XRP to potential investors.

I don't have a lot of XRP, but I still hope XRP will return to the top coins and attract investment, because at least Ripple has a product that serves users through its partner banks. This is something that other projects haven't been able to do yet, especially creating a huge financial network powered by crypto like Ripple's.

• Ripple Introduces Webpage for RLUSD: Stablecoin Launch Date Yet Unrevealed

[MUGNIA]

I'm not sure if XRP will be approved like BTC as we know the SEC and XRP are like water and fire, this will make things worse, something that is impossible to happen for sure if XRP sport accpt