CandleFocus

Ripple News: Could an XRP ETF Become Reality in the U.S.? Legal Hurdles and Expert Opinions

Market experts are discussing the potential for an XRP Exchange-Traded Fund (ETF) in the United States, following the introduction of Bitcoin and Ethereum ETF products. Canary Capital, a new crypto investment firm, has filed for an XRP ETF with the US Securities and Exchange Commission (SEC), sparking optimism in the community. ETF Store President Nate Geraci predicts approval is likely, but it depends on the US political environment, including a potential change in administration. The SEC's recent appeal in its case with Ripple could also delay the approval of XRP ETFs. Despite uncertainties, Ripple CEO Brad Garlinghouse and pro-XRP lawyer Bill Morgan remain bullish on the prospect of an XRP ETF. XRP's price currently sits at $0.5309, and while on-chain metrics suggest a potential correction, market analysts project a potential price rally to $3 by Christmas.

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