John Deaton, a lawyer in the cryptocurrency field, predicts significant inflows into XRP ETFs after their potential approval by the SEC. The number of active applications for such financial instruments continues to rise.
Increase in XRP ETF Applications
The number of active applications for XRP ETFs continues to grow. A recent addition to the number of applications is the XRP Monthly Option Income ETF, which will utilize trading strategies to provide steady income without relying on significant asset price fluctuations.
Inflows Predictions by John Deaton
Deaton believes that the inflows associated with XRP ETFs will surprise many following their approval. He also noted that the XRP market has seen significant interest, as evidenced by recent futures data. CITE_W_A.
Expectations from SEC and XRP Market
Despite the increasing number of applications, the SEC continues to delay decisions on most of them. While waiting for an official ruling, the public expresses optimism, with the likelihood of XRP ETFs approval rising to 87% by year-end.
Predictions of significant inflows into XRP ETFs from John Deaton highlight the growing interest in cryptocurrencies. Public expectations are reflected in positive sentiments towards the SEC's decision.
