Jaiko Research says that Ripple’s XRP holds the record for most ETF applications. According to the data of Jaiko Research, there are 10 active ETF applications for XRP. XRP comes in second place, with five active applications. Solana, Dogecoin, Litecoin, and Dogecoin each have three.
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Is an ETF for XRP on the SEC’s radar this year?
James Seyyfart, a Bloomberg ETF analyst and Eric Balchunas have reported that Ripple XRP’s token is likely to be approved by 65%. Reports claim that 19b-4 for the asset was not acknowledged. In the meantime, this has now changed. Federal Reserve received the 19b-4 for Grayscales’s XRP ETF on February 14. Authorities have now until October 18th to decide.
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This year there is a good chance the US could get several crypto ETFs. The crypto administration at the moment is pro-crypto. Trump said that he wanted the crypto sector to flourish in the US. A Ripple XRP ETF may be released very soon.
A new chairman has been appointed to the SEC. Paul Atkins was confirmed by the US Senate as the new director of financial watchdog. Gary Gensler, the outgoing SEC chairman, was frequently portrayed in a bad light by those within crypto. Atkins’ leniency towards the crypto industry is hoped for by many.
When an ETF gets approved, will the asset rally?
Ripple XRP is likely to reach new heights in the event that an ETF gets approved. Bitcoin’s (BTC) multiple record highs were achieved after 11 BTC spot ETFs were approved by the SEC last year. We might see a pattern similar to XRP.
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A lawsuit against Ripple was also dismissed by the SEC earlier in this year. XRP could soon reach a new high after its legal troubles are over.
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Source: watcher.guru
