Prospects of Potential XRP ETF Approval

user avatar

by Giorgi Kostiuk

2 years ago

In a Bloomberg interview, Ripple President Monica Long hinted that approval for an XRP-based ETF might soon be secured, leading to positive changes in U.S. crypto regulation.

Potential Approval of XRP-Based ETF

Monica Long expressed optimism about the future of U.S. crypto regulations, suggesting that an XRP ETF might follow Bitcoin and Ether. Ripple is in the process of filing for this financial instrument's approval with the SEC.

Launch of New RLUSD Stablecoin

The company also announced the launch of the RLUSD stablecoin, with a capitalization of $72 million. In partnership with Chainlink, Ripple has integrated some of its services to strengthen RLUSD's application in the DeFi system.

Regulatory Changes and Market Trends

Since November, speculation that a crypto-friendly U.S. administration could positively impact tokens like XRP has increased. XRP's price has surged over 300% since Trump's victory, linked to a positive regulatory sentiment in the U.S.

Overall, the outlook for XRP and Ripple appears promising given regulatory changes and product expectations. The market anticipates further growth of the cryptocurrency with support from new regulatory initiatives.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

MEXC Launches 'Trading Takes Two' Campaign to Showcase AI Capabilities

MEXC is launching a month-long campaign titled 'Trading Takes Two' to showcase how MEXC AI supports users in their trading journey.

user avatarTenzin Dorje

HTX Research Highlights Risks in Stock-Linked Memecoins

HTX Research's report highlights the risks of stock-linked memecoins, focusing on misleading high APY figures and the importance of understanding market conditions.

user avatarBayarjavkhlan Ganbaatar

HTX Research Unveils Insights on Stock-Linked Memecoins

HTX Research has released a report on stock-linked memecoins, analyzing their market structure and growth potential.

user avatarMohamed Farouk

BAI Builds Closed-Loop Infrastructure for the Agent Economy

BAI is building a closed financial loop for the agent economy, integrating models and agents to facilitate seamless transactions.

user avatarDiego Alvarez

BAI Sets New Industry Record with 151 Trillion Tokens Daily Throughput

BAI has set a new industry record with a daily throughput of over 151 trillion tokens, marking a significant increase since its launch.

user avatarElias Mukuru

Justin Sun Prize Launched to Transform Scientific Research

The Justin Sun Prize has been established to redefine scientific rewards in the AI era, offering up to $1 million for breakthroughs in fundamental disciplines and machine formal verification.

user avatarKenji Takahashi

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.