Brad Garlinghouse, Ripple’s chief executive officer has suggested that an XRP Exchange Traded Fund (ETF) may be coming soon. Garlinghouse has taken to Twitter. X He shared with us his opinion on the bipartisan recent support for crypto laws. Users asked for an XRP spot ETF in the comments. Garlinghouse enjoyed several of the comments and avoided speculation about a possible spot XRP exchange traded fund.
Also Read: Ripple: How High Can XRP Pump in June 2024?
Garlinghouse previously stated that it would be hard for other ETFs to compete if SEC approved one ETF. financial Others will decline to watchdog
Also Read: Ripple (XRP) Price Prediction: May End 2024
Sean McBride, a former Ripple executive, said earlier in the year that an ETF for XRP could be launched either 2024 or 2025. McBride has also stated that we might see a Ripple IPO in the US outside 2025.
Ripple XRP’s price will rise with an ETF.
![Ripple XRP](https://fxruhanahmed.com/2/wp-content/uploads/2024/04/1714207145_957_136M-in-XRP-on-the-Move-as-Price-Rallies-4.jpg)
Ripple’s ongoing case with the SEC must be resolved before a spot XRP exchange traded fund can be approved. Ripple is accused by the SEC of selling unregistered security. In a ruling last year, a US District court ruled selling XRP directly to consumers did not break securities laws. But selling it to institutional clients did. Investors are awaiting a decision from the US Supreme Court. We may soon see the debut of an XRP ETF if the high court makes a similar ruling to that made by the district court. This move is also expected to lead to an explosive price increase.
Also Read: Top 3 Cryptocurrencies To Buy For 5X Gains In Anticipation Of Ethereum ETF Approval
Moreover, if SEC approves a Ethereum spot ETF (ETH), we could witness a rally across the market. In this scenario, the price of XRP could also rise. This asset is struggling to gain momentum due in part to Ripple’s ongoing litigation.
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Source: watcher.guru