Ripple’s April Agenda: Anticipating The Arrival Of The XRP ETF

However, It’s possible that XRP, the sixth-largest cryptocurrency by market capitalization, may introduce an exchange-traded fund (ETF) this year and an application as soon as a few months from now.

Ben Armstrong, a cryptocurre­ncy fan, hinted in a video about an upcoming XRP ETF that’ll likely ple­ase the XRP community. Using insider info, Armstrong said an application for these ETFs could be­ filed in April. Interestingly, that’s also whe­n the SEC vs. Ripple case is e­xpected to conclude.

XRP fans want an ETF like Bitcoin’s due to increasing interest in XRP. Due to a court ruling last year that said XRP is not a security, XRP is the only altcoin with a clear legal status. Fans of XRP believe it should have an ETF like Bitcoin because interest is growing.

Armstrong agreed with many people in the XRP community. He said that XRP’s legal clarity would help launch an ETF. He said Blackrock, the world’s largest asset manager, may oversee the XRP ETF’s debut. They are a prime candidate for a Bitcoin exchange-traded fund.

Grayscale’s XRP Reintroduction Sparks ETF Buzz

In the crypto community, there has been a surge in speculation about the possibility of an XRP ETF. This heightened anticipation followed Grayscale’s decision to reintroduce the digital asset into its Digital Large Cap Fund after a two-year hiatus.

The reintroduction occurred as the asset manager reversed its 2020 choice to exclude XRP from its Fund in response to the SEC lawsuit against Ripple. Since the announcement, speculations have been about the asset manager potentially pursuing an XRP ETF. Nonetheless, the likelihood of that happening is still uncertain.

While cryptocurrency prices are experiencing a resurgence, XRP, on the other hand, remains stagnant. The digital asset has encountered challenges in reproducing the anticipated sporadic rise holders expected after Judge Analisa Torres’s ruling.

XRP has risen 1.26% over the last day to trade at $0.5693, according to CoinMarketCap statistics. On the weekly chart, the token has dropped 8.59%, with a more significant drop of 12% over the last 30 days.

Related Reading | Bitcoin ETF Optimism: SEC Approval Prospects Soar, Odds Of Disapproval Plummet To 5%

The author’s views are for reference only and shall not constitute any investment advice. Please ensure you fully understand and assess the products and associated risks before purchasing.

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