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

Fairshake Launches Bipartisan Campaign to Support Pro-Crypto Lawmakers

Fairshake is launching a bipartisan campaign to support 32 incumbent candidates in the House, focusing on those who back the House CLARITY market structure bill, with an initial commitment of $6 million in independent spending.

user avatarLeo van der Veen

Binance Introduces AI-Driven Trading Tools

Binance launches a suite of AI products aimed at enhancing trading experiences for various user levels.

user avatarLi Weicheng

Binance Announces Dividend Reinvestment for Tokenized Stocks

Binance has announced a dividend reinvestment process for holders of its Oracle and Marvell tokenized stocks, where dividends will be reinvested into additional fractions of the same securities.

user avatarAisha Farooq

Cryptocom Enhances Trading with Insilico Terminal Integration

Cryptocom has announced an integration with Insilico Terminal on October 6, allowing users to connect their Cryptocom Exchange accounts directly to Insilico's trading platform.

user avatarLi Weicheng

Binance Pay Launches Mobile Top-Up Promotion to Boost Crypto Spending

Binance Pay has launched a promotion offering eligible users a 20% discount on their first mobile top-up to encourage crypto spending.

user avatarTenzin Dorje

Hyperscale Data Reveals Financial Position on Bitcoin and Cash Reserves

Hyperscale Data disclosed its financial position, revealing it holds approximately $564 million in Bitcoin and cash as of October 4.

user avatarBayarjavkhlan Ganbaatar

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.