XRP’s regulatory clarity could aid its cause in the case of a spot ETF proposal.
Its price has gone below its post-SEC victory range.
The Bitcoin [BTC] spot ETF is generating excitement as various parties eagerly await approvals. After the spot BTC ETF receives final approval, will applications for others, such as an XRP spot ETF, follow suit?
Spot XRP ETF?
Amid the discussions surrounding the potential approval of a spot Bitcoin ETF, there are speculations about a spot ETF proposal for assets like Ripple’s XRP.
Steven McClurg, the Chief Investment Officer of Valkyrie Funds, expressed this idea in a recent interview. He suggested that it would not be surprising to see XRP and Ethereum spot ETFs entering the market.
This position is based on the imminent approval of the spot BTC ETF. How might a spot ETF proposal affect XRP?
Possible impact of a spot XRP ETF proposal
Observing the historical trend of Bitcoin’s price, XRP could experience notable price changes upon submitting a
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