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iTrustCapital Says XRP ETF Soon, Outlining Its Pros, Cons, and Potential Impact on XRP

Author: Content Editor
Leading American crypto IRA platform iTrustCapital has highlighted the upcoming launch of XRP ETFs and provided key insights for investors. Multiple asset managers, including Bitwise, Canary Capital, 21Shares, and WisdomTree, have submitted applications to launch XRP-linked ETFs. iTrustCapital defines an XRP ETF as an investment vehicle that tracks the price of XRP and holds the underlying asset on behalf of investors. Potential XRP ETFs offer investors accessibility and oversight, but also have drawbacks such as limited trading hours, non-direct ownership of XRP, tracking errors, and high fees. The approval of an XRP ETF could impact the token's demand and supply, potentially leading to increased institutional demand and broader market attention. While there is no official timeline for approval, speculations suggest the XRP ETFs could go live next year under new SEC leadership chaired by pro-crypto advocate Paul Atkins. The crypto community is optimistic that favorable regulations and more crypto ETFs, including those tied to XRP, will be introduced under Atkins' administration.

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