This year will see the arrival of two new crypto exchange-traded funds. Ripple’s settlement A deal with the US Securities and Exchange Commission could lead to the creation of an XRP-based ETF. In fact, the company ended its long-running legal battle with regulator. The token is now ready to be used for an investment.
It appears that the settlement was in favor of blockchain companies. Ripple labs had to pay $125 millions, a much smaller amount than the SEC wanted. In particular, the SEC wanted to see the company pay almost $2 billion as part of the suit that was filed for the first time in 2020.
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The SEC lawsuit is in the rearview mirror as Ripple could be eyeing an ETF for XRP.
The year 2024 will be one of the most important years for cryptocurrency. Bitcoin and Ethereum both broke ground in the first quarter with ETF approvals. The industry is also on an uptrend. The industry’s upward trajectory was sufficient to help many tokens recover quickly from Monday’s market crash.
All eyes now are focused on the cryptocurrency that could come next, following BTC, ETH and other popular cryptocurrencies. We may soon see an ETF for XRP, after Ripple reached a settlement with the SEC. Solana seems to be the most obvious option for many. There is no denying that XRP benefits from the regulatory clarity.
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It gives cautious investors something that few other cryptos do: confidence. Crypto analyst Doctor Profit X, formerly Twitter, was used to talk about this topic. Specifically, the suit ensures investor funds with XRP are secure.
“This aligns perfectly with my ETF approval ranking prediction: first BTC, second ETH, and third XRP- not SOL, as some have claimed,” The user stated. “Today’s [Ripple vs. SEC] decision is hugely bullish. Big investors who have been scared due to the lawsuit can now enter into XRP without fear.”
The following is a list of the most popular ways to contact us Solana XRP, a cryptocurrency that is expected to be included in an ETF soon, has definitely entered the picture. It may still have to contend with the rumors about an SEC complaint. It’s possible, given the history of the case. As of now, it appears as though the settlement has brought an end the case.
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Source: watcher.guru
