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Title: XRP ETF Rumors Shattered by Bloomberg
The rumors surrounding the potential listing of Ripple’s XRP token as an exchange-traded fund (ETF) have been dealt a significant blow. According to reports from Bloomberg, there is no confirmed launch date for the XRP ETFs as of this Monday.
Despite previous speculation and anticipation, it appears that the Securities and Exchange Commission (SEC) has yet to take a stance on these applications. In fact, SEC Chair Paul Atkins will have to weigh in on these pending spot XRP ETF applications later this year.
This news comes as a significant setback for Ripple enthusiasts who had been eagerly awaiting the potential listing of their token as an ETF. The implications of such a move would be substantial, providing institutional investors with greater access and liquidity to the cryptocurrency market.
As we await further developments on this front, it’s worth noting that the SEC has taken a cautious approach when it comes to cryptocurrencies and ETFs. In fact, Teucrium just launched a leveraged Bitcoin ETF earlier in the week, marking a major milestone for the industry.
In related news, Ripple has been making waves with recent developments. Over the past 24 hours, an astonishing 838 million XRP tokens have moved, hinting at significant market activity and investor interest. Meanwhile, analyst predictions suggest that Dogecoin (DOGE) is set to see substantial gains in May.
For now, it remains unclear when or if we will see the listing of XRP ETFs. However, one thing is certain – the cryptocurrency landscape continues to evolve rapidly, and we’ll be keeping a close eye on any new developments as they emerge.
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Source: https://u.today/xrp-etf-rumors-shattered-by-bloomberg
