Financial expert Linda Jones has disputed claims of low demand for XRP ETF should the U.S. SEC approve them.
Expectations of Financial Firms
Linda Jones, with extensive experience in the financial sector, argues that financial firms are filing for XRP ETFs with the SEC expecting strong demand. XRP is the largest U.S.-based cryptocurrency and could benefit from preferential tax treatment in the future.
Market of Financial Products
Jones explains that financial products like ETFs are introduced to attract capital and increase a firm's profitability. "A new financial product like an ETF is launched with the expectation that it will raise money and increase the firm’s profitability by earning commissions. The idea that there is no demand for XRP or that it will not be sold is ridiculous."
Opportunities for Investors
Jones also noted that investors have had limited options in the crypto ETF space, only having Bitcoin and Ethereum ETFs available. She believes investors will expand their portfolios to include XRP, especially if potential tax incentives emerge. Additionally, President Donald Trump's mention of XRP as part of his 'Digital Asset Stock' could increase legitimacy and investor interest.
Linda Jones is confident in the high potential of new XRP ETFs and expects significant interest from investors and financial firms.
