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Title: Ripple-SEC dispute resolution sparks hope for a BlackRock XRP ETF application
The recent development in the Ripple-SEC lawsuit has sent shockwaves throughout the cryptocurrency market, and it seems like there’s a silver lining for investors. The news of Ripple winning the case could pave the way for institutional investment giants like BlackRock to consider listing a Bitcoin, Solana, or XRP Exchange-Traded Product (ETP) on Nasdaq Stockholm.
21Shares, a leading provider of cryptocurrency ETPs, has already taken the initiative by launching a range of new products. The company is capitalizing on growing institutional interest in transparent crypto ETPs in Europe. With this move, they’re setting a precedent for other players to follow suit.
In related news, it’s been reported that Bitcoin and XRP have driven $644 million inflows into the crypto market. This significant surge has ended a 5-week streak of outflows from institutional investors. It seems that the recent dispute resolution between Ripple and the SEC might be a catalyst for increased interest in digital assets.
As a result, we could see more institutions like BlackRock take notice and explore opportunities to list their own ETPs. This development would not only boost transparency but also provide retail investors with access to a broader range of crypto products.
It’s no surprise that XRP has been the top performer among altcoins, following the SEC’s dismissal of the lawsuit. Ethereum saw its sharpest decline among other major cryptocurrencies during this period, which highlights the growing gap between these two projects.
The market is currently abuzz with the potential implications of Ripple-SEC case resolution on the ETP landscape. While we can’t predict the future, it seems like BlackRock might be more inclined to explore a XRP ETF application in light of these developments.
Ripple’s win has opened up new possibilities for institutional players to get involved in the crypto space. As a result, we could see an influx of high-quality ETPs offered by reputable providers like 21Shares and others.
Source: https://cryptoslate.com/ripple-sec-dispute-resolution-sparks-hope-for-a-blackrock-xrp-etf-application/
