The situation regarding potential XRP ETF approval continues to draw attention from analysts and investors. Critical timelines underscore the significance of the upcoming months.
Analysts’ Predictions on Approval Timelines
ETF analyst Nate Geraci, President of The ETF Store, predicts that approval could happen within the next two months. He commented that the SEC's delay on final rulings for multiple XRP ETF applications is expected in October.
Key Deadlines and SEC Delays
The SEC's latest extension has delayed the review of the 21Shares Core XRP Trust to October 19. This timeline signifies that the upcoming October is crucial for the institutional adoption of XRP.
Impact of the CLARITY Act on the XRP Market
The CLARITY Act, passed in the U.S. House, aims to establish clear definitions for digital assets. If enacted, it could expedite ETF approvals and resolve regulatory uncertainties surrounding XRP.
As the deadlines for XRP ETF approvals approach, investors should remain vigilant to indicators of regulatory developments and market dynamics. Analysts' expectations for imminent approvals highlight the growing interest in this asset.
