Will we have XRP Spot ETF soon?

[dekafee79]

Maybe the SEC has its own considerations why the solana ETF has not been approved, because in my opinion the coins that have shown a good reputation at the moment are bitcoin and ethereum. Solana is still a new coin. and XRP also has a good community, unfortunately it has had problems with the SEC in the past.

We can definitely view the lawsuit with the SEC in a more positive light: thanks to this lawsuit, XRP has been determined not to be a security and is free from future related accusations. At the same time, it also has the opportunity to have an XRP Spot ETF legally if asset management funds propose and support it.

Currently, unfortunately, there are no more signs indicating that Ripple really wants an XRP Spot ETF in this bullrun. We are forced to wait for other motivations from Ripple such as promotional campaigns, partnerships, or success from Ripple's new services.

After the ripple team successfully resolved its issues with the SEC, we were very hopeful that the XRP price would soar but it was not as beautiful as we expected although I think the ripple price movement is still good. I was thinking about a ripple ETF, because it doesn't seem like it will happen this year

Many are hoping that altcoins will soon apply for ETFs, but what I've seen is only Ethereum being approved. Lastly, I heard that Solana is also applying, but I haven't read any good news about it. I even heard gossip that Solana's ETF application was rejected.

[MrSpasybo]

Many are hoping that altcoins will soon apply for ETFs, but what I've seen is only Ethereum being approved. Lastly, I heard that Solana is also applying, but I haven't read any good news about it. I even heard gossip that Solana's ETF application was rejected.

Yeah, the SOL Spot ETF has been rejected and this doesn’t surprise the crypto community. Perhaps the demand of traditional investors in the US is only focused on products related to BTC and ETH, not other ALTS in the crowded crypto market.

This event also lowers expectations for XRP Spot ETF but it might be a good thing and doesn’t create a sudden drop on XRP price chart. We can wait for XRP Spot ETF from other funds or in the next cycle. Temporarily, the upward momentum for XRP might only come from Ripple promotional efforts.

[LogitechMouse]

Well, the thread has been not updated ever since, but there's a good news for those XRP holders. LINK

Crypto fund manager Grayscale is launching an XRP trust that could pave the way for a spot XRP exchange-traded fund (ETF) in the U.S.

When the news has been released, the price of XRP spiked from 53 cents to 57 cents but now, it already dipped a bit and at the 56 cent price range already. TBH, I'm not a holder of XRP and hasn't been thinking of holding one. Any opinions about this? Will it create a domino effect as well towards other companies hence, they will launch their own XRP ETF in the future?

[MrSpasybo]

Crypto fund manager Grayscale is launching an XRP trust that could pave the way for a spot XRP exchange-traded fund (ETF) in the U.S.

When the news has been released, the price of XRP spiked from 53 cents to 57 cents but now, it already dipped a bit and at the 56 cent price range already. TBH, I'm not a holder of XRP and hasn't been thinking of holding one. Any opinions about this? Will it create a domino effect as well towards other companies hence, they will launch their own XRP ETF in the future?

The XRP Trust is merely the first step for Grayscale towards an asset they want to have a Spot ETF for in the future. Grayscale also has many other trust funds for AVAX, BAT, BCH, LINK... but I doubt all of them will have Spot ETFs soon in this cycle.

To get a spot ETF in the US, I think the participation of top global asset management companies like BlackRock is crucial. Their relationships, financial resources, and reputation are important to put pressure on the SEC in making decisions about Spot ETFs.

Anyway, Grayscale XRP Trust is still expected to create positive sentiment for XRP holders and support XRP price in the market during this bullrun.

[erus]

Crypto fund manager Grayscale is launching an XRP trust that could pave the way for a spot XRP exchange-traded fund (ETF) in the U.S.

When the news has been released, the price of XRP spiked from 53 cents to 57 cents but now, it already dipped a bit and at the 56 cent price range already. TBH, I'm not a holder of XRP and hasn't been thinking of holding one. Any opinions about this? Will it create a domino effect as well towards other companies hence, they will launch their own XRP ETF in the future?

The XRP Trust is merely the first step for Grayscale towards an asset they want to have a Spot ETF for in the future. Grayscale also has many other trust funds for AVAX, BAT, BCH, LINK... but I doubt all of them will have Spot ETFs soon in this cycle.

To get a spot ETF in the US, I think the participation of top global asset management companies like BlackRock is crucial. Their relationships, financial resources, and reputation are important to put pressure on the SEC in making decisions about Spot ETFs.

Anyway, Grayscale XRP Trust is still expected to create positive sentiment for XRP holders and support XRP price in the market during this bullrun.

For today's update, has Ripple been accepted by ETFs? If not, what has Ripple done now if it wants to be accepted by ETFs? Until now I am still pessimistic that Ripple will be accepted by ETFs because I don't understand the reason, but maybe Ripple seems like a rather stiff coin for me to be an investment item. Cmiiw

[MrSpasybo]

For today's update, has Ripple been accepted by ETFs? If not, what has Ripple done now if it wants to be accepted by ETFs? Until now I am still pessimistic that Ripple will be accepted by ETFs because I don't understand the reason, but maybe Ripple seems like a rather stiff coin for me to be an investment item. Cmiiw

We currently only have BTC & ETH Spot ETFs in the US, while XRP Spot ETF is still a future mission. Ripple has mentioned an XRP Spot ETF multiple times but has not taken concrete actions to push this goal forward. Clearly, it is a big goal and very difficult at the moment.

BlackRock has stated that they are only focusing on BTC & ETH Spot ETFs and have no plans to propose other Spot ETFs. At the same time, we have not seen a demand for investing in XRP from traditional investors in the US. I think we need the success from ETH Spot ETF before considering Spot ETFs for other ALTS like XRP.

[erus]

For today's update, has Ripple been accepted by ETFs? If not, what has Ripple done now if it wants to be accepted by ETFs? Until now I am still pessimistic that Ripple will be accepted by ETFs because I don't understand the reason, but maybe Ripple seems like a rather stiff coin for me to be an investment item. Cmiiw

We currently only have BTC & ETH Spot ETFs in the US, while XRP Spot ETF is still a future mission. Ripple has mentioned an XRP Spot ETF multiple times but has not taken concrete actions to push this goal forward. Clearly, it is a big goal and very difficult at the moment.

BlackRock has stated that they are only focusing on BTC & ETH Spot ETFs and have no plans to propose other Spot ETFs. At the same time, we have not seen a demand for investing in XRP from traditional investors in the US. I think we need the success from ETH Spot ETF before considering Spot ETFs for other ALTS like XRP.

But what this ETF does is also good because the ETF does not want to take a harder risk because of the effects of Ripple trading, for ETF trading of BTC and ETH also currently still does not look very fashionable because it seems to tend not to give Bitcoin prices an increase, at least the increase is 100%. Moreover, this Ripple coin has historically been rather bad for investors so that the ETF will also keep its distance from accepting Ripple in trading. This is just my perception, how about you?

[royalRitta]

For today's update, has Ripple been accepted by ETFs? If not, what has Ripple done now if it wants to be accepted by ETFs? Until now I am still pessimistic that Ripple will be accepted by ETFs because I don't understand the reason, but maybe Ripple seems like a rather stiff coin for me to be an investment item. Cmiiw

We currently only have BTC & ETH Spot ETFs in the US, while XRP Spot ETF is still a future mission. Ripple has mentioned an XRP Spot ETF multiple times but has not taken concrete actions to push this goal forward. Clearly, it is a big goal and very difficult at the moment.

BlackRock has stated that they are only focusing on BTC & ETH Spot ETFs and have no plans to propose other Spot ETFs. At the same time, we have not seen a demand for investing in XRP from traditional investors in the US. I think we need the success from ETH Spot ETF before considering Spot ETFs for other ALTS like XRP.

I may agree. If the demand from the big guys isn't there, there could be small talks and big talks about it, but the reality and the situation would remain the same.
Some major events should take place in order for the big players on the market to consider ETFs, and it should be a goal in mind for the team of the Ripple itself.

[MrSpasybo]

I may agree. If the demand from the big guys isn't there, there could be small talks and big talks about it, but the reality and the situation would remain the same.
Some major events should take place in order for the big players on the market to consider ETFs, and it should be a goal in mind for the team of the Ripple itself.

I'm an XRP fan, as XRP is in my portfolio and I always wish for the best for this token. XRP Spot ETF is an interesting narrative but unfortunately, Ripple couldn't make it happen to attract investors.

Meanwhile, BTC Spot ETF has been very successful while ETH Spot ETF needs more time for the selling pressure from Grayscale to be fully absorbed. If ETH Spot ETF doesn't really succeed, investment funds will have no reason to continue proposing Spot ETFs based on any other ALTS, whether it's XRP or SOL.

[ant958]

maybe even this month.

[MrSpasybo]

maybe even this month.

Even though we've received some positive news from Bitwise, I wouldn't dare expect the XRP Spot ETF to arrive this month. The approval process for Spot ETFs typically takes several months and may face numerous document revision requests.

Update 2024.10.02: Bitwise has registered a trust entity in Delaware, a step toward creating an XRP ETF. This is the first time a legitimate filing for an XRP ETF has been confirmed.

• Bitwise Takes a Step Toward XRP ETF

[dekafee79]

I may agree. If the demand from the big guys isn't there, there could be small talks and big talks about it, but the reality and the situation would remain the same.
Some major events should take place in order for the big players on the market to consider ETFs, and it should be a goal in mind for the team of the Ripple itself.

I'm an XRP fan, as XRP is in my portfolio and I always wish for the best for this token. XRP Spot ETF is an interesting narrative but unfortunately, Ripple couldn't make it happen to attract investors.

Meanwhile, BTC Spot ETF has been very successful while ETH Spot ETF needs more time for the selling pressure from Grayscale to be fully absorbed. If ETH Spot ETF doesn't really succeed, investment funds will have no reason to continue proposing Spot ETFs based on any other ALTS, whether it's XRP or SOL.

I'm not sure that altcoin ETFs will succeed because when bitcoin price struggles altcoins will follow it, what I see is a successful ETF is a bitcoin ETF that can make bitcoin reach ATH $ 73K, maybe next year's altcoin ETF will have a good impact on altcoin prices when bitcoin prices have started to rise and are more stable during the bullish season.

[MrSpasybo]

I'm not sure that altcoin ETFs will succeed because when bitcoin price struggles altcoins will follow it, what I see is a successful ETF is a bitcoin ETF that can make bitcoin reach ATH $ 73K, maybe next year's altcoin ETF will have a good impact on altcoin prices when bitcoin prices have started to rise and are more stable during the bullish season.

Well, currently we only have ETH Spot ETFs, while Spot ETFs based on other ALTs haven't been proposed or approved in the US. I personally think the fate of ALTs heavily depends on the surge of BTC price rather than their own Spot ETFs.

Even an XRP Spot ETF might only positively impact the XRP price by improving investor sentiment, but it won't necessarily attract significant inflows. The weak inflows into ETH Spot ETFs are the clearest evidence.

Therefore, I'm still looking forward to a new ATH for BTC and subsequently a price increase for XRP in the market. The XRP Spot ETF could be an interesting narrative that Ripple continuously mentions to fuel FOMO for XRP.

[Azharul]

I'm not sure that altcoin ETFs will succeed because when bitcoin price struggles altcoins will follow it, what I see is a successful ETF is a bitcoin ETF that can make bitcoin reach ATH $ 73K, maybe next year's altcoin ETF will have a good impact on altcoin prices when bitcoin prices have started to rise and are more stable during the bullish season.

Well, currently we only have ETH Spot ETFs, while Spot ETFs based on other ALTs haven't been proposed or approved in the US. I personally think the fate of ALTs heavily depends on the surge of BTC price rather than their own Spot ETFs.

Even an XRP Spot ETF might only positively impact the XRP price by improving investor sentiment, but it won't necessarily attract significant inflows. The weak inflows into ETH Spot ETFs are the clearest evidence.

Therefore, I'm still looking forward to a new ATH for BTC and subsequently a price increase for XRP in the market. The XRP Spot ETF could be an interesting narrative that Ripple continuously mentions to fuel FOMO for XRP.

XRP is one of the best profitable crypto in cryptocurrency market. So i think that you could express a best opinion in your post. I also think that day by day XRP price is increase. We also know that bitcoin is the king of cryptocurrency world. We can see that bitcoin price is running rapidly in cryptocurrency market. So we also know that when bitcoin price will then all crypto currency market is increase. So i think that in this reason XRP price will increase gradually in cryptocurrency market.

[MrSpasybo]

XRP is one of the best profitable crypto in cryptocurrency market. So i think that you could express a best opinion in your post. I also think that day by day XRP price is increase. We also know that bitcoin is the king of cryptocurrency world. We can see that bitcoin price is running rapidly in cryptocurrency market. So we also know that when bitcoin price will then all crypto currency market is increase. So i think that in this reason XRP price will increase gradually in cryptocurrency market.

We have witnessed a strong price increase of XRP from $0.5 to $1.5 over the past few days, surprising the investment community. Gensler impending departure from the SEC may lead to the dismissal of the lawsuit against Ripple and XRP, and Ripple relationship with Trump has made investors truly optimistic about XRP future.

Currently, Wisdom Tree is planning to propose an XRP Spot ETF, which gives us reason to expect this product and anticipate its positive impact on XRP price in the market. XRP has a great opportunity to create a new ATH in this bullrun.