A few days after the start of October, the market is preparing for the possibility of the arrival of funds cited in the U.S. Ripple Cryptocurrency XRP stock market (ETF).
Specifically, the US Securities and Exchange Commission (SEC) was last dated on October 17th. Whether or not to announce approval for these financial products You can participate in the established ETFs of Bitcoin (BTC) and Ethher (ETH) issued in 2024.
Companies that submitted requests to list these funds are Grayscale, Bitwise, Canary Capital Group, 21Share, and WisdomTree.
Bloomberg Intelligence analysts Eric Balhinas and James Seifert shared their predictions What about the next cryptocurrency with ETFs and highlighting XRP as one of your favorites?.
For them, there is a 95% chance that these XRP-based investment funds will be approved, as observed in the image below.
Additionally, the presence of futures and mixed-based XRP ETFs was approved last week, as reported by Cryptootics. Strengthen expectations that cash funds will be able to receive the green light. These previous instruments had precedents that promoted the path of ETF spots by demonstrating the interest and viability of financial products associated with this cryptocurrency.
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