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

Circle Raises $100 Million from Binance through Share Sale

Circle has raised $100 million by selling shares to Binance as part of a commercial agreement to promote USDC.

user avatarNguyen Van Long

Circle and Binance Extend Partnership with New Agreement

Circle and Binance have renewed their partnership with a new agreement that replaces previous contracts. This arrangement allows Binance to hold shares in Circle while promoting the USDC stablecoin on its platform.

user avatarSatoshi Nakamura

Coincheck Group Announces Leadership Change

Coincheck Group has confirmed the resignation of Executive Chairperson Takashi Oyagi, effective September 21, for personal reasons, and has approved a new leadership transition structure.

user avatarJesper Sørensen

MEXC Launches Initiatives to Enhance Access to Financial Markets

MEXC has launched several initiatives, including the Trade Wall Street, Without Walls campaign, to enhance access to traditional financial markets.

user avatarRajesh Kumar

MEXC Introduces Stock Trading Handbook for Crypto Traders

MEXC has launched the Stock Trading Handbook to assist crypto traders in transitioning to the stock market as part of its Opportunity Compass initiative.

user avatarLucas Weissmann

KalshiEX Seeks Approval for Perpetual Security Futures

KalshiEX has filed a proposal with the SEC to introduce perpetual security futures linked to 58 stocks and ETFs.

user avatarFilippo Romano

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.