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 Cache 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, caches will be stored in your inventory and can be opened with Keys.

Other news

Federal Judge Rules Justin Sun's Case Against World Liberty Financial to Remain in Open Court

chest

A federal judge in San Francisco ruled that Justin Sun's legal battle with World Liberty Financial over $45 million in frozen tokens will remain in open court, rejecting the company's bid for arbitration.

user avatarKaterina Papadopoulou

New Report Published Utilizing Primary Source Documentation.

chest

The report is based on information released in disclosures at primary source documentation, ensuring that the information provided is accurate and reliable.

user avatarMaya Lundqvist

US Spot Bitcoin ETFs Experience Record Inflows

chest

US spot Bitcoin ETFs saw a significant inflow of $60.6 billion on Thursday, marking their largest single-day gain since May 1.

user avatarLeo van der Veen

New Study Emphasizes the Significance of Primary Source Documentation.

chest

The report highlights the importance of primary source documentation for providing accurate and reliable information.

user avatarLi Weicheng

Cumulative Inflows into US Spot Solana ETFs Reach $116 Billion

chest

Cumulative inflows into US spot Solana ETFs have surpassed $116 billion, indicating growing institutional interest in the token.

user avatarTenzin Dorje

Binance to Remove Seven Spot Trading Pairs on August 21

chest

Binance has announced the removal of seven spot trading pairs on August 21 at 0300 UTC, including SUIBNB and LTCBNB, as part of its market optimization process.

user avatarAisha Farooq

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.