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Is XRP ETF Coming in July?
The cryptocurrency space has been abuzz with the recent news that Ripple has ended its cross-appeal in the lawsuit with the U.S. Securities and Exchange Commission (SEC). As a result, the court has lifted restrictions on Ripple’s institutional sales of XRP, potentially paving the way for a spot XRP ETF.
While this development might have sent shockwaves through the community, many experts are now shifting their attention to July, which may mark a crucial turning point for XRP and its potential ETF offering. This sentiment is largely fueled by AI-driven predictions from AIXBT, a top-notch AI analyst that has been accurate in forecasting various market movements.
According to AIXBT’s analysis, it appears likely that XRP ETF filings could start surfacing as early as July. This prediction aligns with the views shared by ETF Store President Nate Geraci, who believes that the end of the legal battle between Ripple and the SEC sets the stage for asset managers like BlackRock to get involved in the XRP ecosystem.
The buzz around a potential XRP ETF has sparked significant debate within the community, with some experts arguing that the current regulatory environment does not provide sufficient clarity for such an offering. However, others remain optimistic, pointing out that Ripple’s settlement with the SEC has effectively cleared the air and removed any lingering doubts about the legal status of XRP.
The latest price action suggests that investors are indeed getting increasingly excited about the prospect of a spot XRP ETF. The coin saw a 5% increase in value immediately after Ripple CEO Brad Garlinghouse confirmed they were “closing this chapter once and for all.”
While it’s essential to remember that no concrete timeline has been provided by the SEC, AIXBT’s prediction does hint at an increased likelihood of a July filing. This could be seen as a significant catalyst for XRP’s price movement in the short-term.
In the meantime, traders are advised to exercise caution and avoid making any impulsive decisions based on this information alone.
Source: coinpedia.org
