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XRP ETF Approval Simply Matter of Time, Says Nate Geraci
Renowned analyst Nate Geraci believes that the approval of a Ripple-backed exchange-traded fund (ETF) is now just a matter of time. His prediction comes as XRP’s market capitalization approaches $17 billion and gets closer to claiming the third position in the cryptocurrency rankings.
According to recent data, XRP has seen an influx of new investors, with fund inflows surging by a staggering 327%. This hidden rally is a clear indication that institutional money is finally taking notice of Ripple’s potential. Geraci’s optimistic outlook aligns perfectly with the growing sentiment around XRP’s prospects in the near future.
Moreover, recent events have provided a significant boost to the narrative surrounding Ripple’s approval for an ETF. The SEC’s sudden shift towards a more crypto-friendly stance has opened up new opportunities for Ripple, which might not be feasible otherwise. The lawsuit against Ripple and its CEO Brad Garlinghouse was dropped by the SEC, resulting in Ripple retaining $50 million from the initial $125 million fine.
While this development provides significant relief to Ripple investors, it also signifies a subtle shift in regulatory sentiment towards cryptocurrencies like XRP. The new administration has demonstrated a willingness to revisit previous stances on crypto regulations, which could bode well for Ripple’s ETF prospects.
Geraci’s statement echoes sentiments from the broader cryptocurrency community, which expects that institutional investment will continue to pour into the market as trust and understanding grow around cryptocurrencies like XRP.
Source: https://u.today/xrp-etf-approval-simply-matter-of-time-says-nate-geraci
