⏰ Act Early, Profit Big!
Be among the first to access the newest altcoins. Don't miss out, click now!

Can an XRP ETF Be Launched in the U.S.? What Are the Expectations for XRP According to Experts?

  • Ripple’s hiring for a senior executive position in the corporate DeFi space and signals from Bitcoin ETF issuers are seen as preparations for an XRP ETF.
  • Eleanor Terrett asked Bloomberg ETF analysts Eric Balchunas and James Seyffart whether a futures ETF approval is necessary for the approval of a spot ETF.
  • Despite the partial victory for Ripple, claiming that XRP is not a security, the potential approval of a spot XRP ETF does not seem very likely.

Is the US Securities and Exchange Commission considering opening the door to XRP after spot Bitcoin ETF approvals?

What Are the Prospects for XRP ETFs in the US?

Ripple-XRP

After the SEC approved spot Bitcoin ETFs in mid-January, the crypto market is awaiting the potential approval of an XRP ETF, setting the stage for spot Ethereum ETFs. Additionally, Ripple’s hiring for a senior executive position in the corporate DeFi space and signals from Bitcoin ETF issuers are considered as preparations for an XRP ETF.

In response to an article containing a Grok AI chatbot response stating that the approval of a spot XRP ETF would not require the approval of a futures ETF, Fox Business journalist Eleanor Terrett asked Bloomberg ETF analysts Eric Balchunas and James Seyffart whether an approval of a futures ETF is necessary for the approval of a spot ETF.

Eleanor Terrett claims that one of the significant reasons the SEC used the CME Bitcoin futures market as a surveillance tool when approving the spot Bitcoin ETF. Bloomberg ETF analyst James Seyffart stated, “A futures ETF is not necessary.” However, he mentioned that a regulated market is a crucial parameter when the SEC decides to approve any ETF. The CME Bitcoin futures market indeed serves as a surveillance tool for a spot Bitcoin ETF.

Financial expert Scott Johnsson also agreed with James Seyffart, saying, “You need a futures market, not necessarily a futures ETF.” Moreover, he explained that a futures ETF helps add liquidity to the futures market, increasing trading activity and correlation with spot prices, thereby enhancing the possibilities for a spot ETF.

Will the SEC Approve a Spot XRP ETF?

Despite Judge Analisa Torres ruling that XRP is not a security, giving Ripple a partial victory against the SEC, the potential approval of a spot XRP ETF does not seem very likely. The decision regarding Ripple’s institutional sales is still pending in court.

Bloomberg analysts had previously stated that XRP would not pass through the SEC’s door. Unless there is a CME XRP market or a market structure and products passed by Congress, XRP is still not in the first step. The crypto market should continue to monitor the SEC’s decision on Ethereum ETFs.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

Caldera (ERA) Market Update: Trading Dips to $1.657 After $1.7777 Opening on July 17

On July 17, Caldera (ERA) commenced trading at an...

Hyper Tops BTC Long Positions with $7.86M Increase, Leading in Win Rate

Hyper, recognized as the leading entity with the highest...

BYBIT LISTS ERAUSDT PERPETUAL CONTRACT

BYBIT LISTS ERAUSDT PERPETUAL CONTRACT

Binance Launches ERA 1-75x USDT-Margined Perpetual Contracts on July 17, 2025

On July 17, Binance is set to expand its...

$ERA listed on Binance futures

$ERA listed on Binance futures
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img