Amidst the current positive mood in the market, a noteworthy event has sparked discussion and expectation: the potential for an exchange-traded fund (ETF) backed by Ripple’s XRP to enter the fray.
The interview that Ripple CEO Brad Garlinghouse had with Bloomberg had become the focal point of this discussion.
Throughout the interview, Garlinghouse expressed cautious optimism about the potential of an XRP ETF. He did not share specific ideas but indicated that he was receptive.
Though speculation about possible partnerships has been rife, Garlinghouse didn’t acknowledge nor deny that it is in talks with significant asset management companies such as BlackRock.
Remarkably, a leaked document from November 2023 raised rumors about BlackRock’s potential investment in an XRP ETF. But a later investigation refuted this rumor.
SCOOP: @BlackRock has no plans for a spot $XRP ETF, according to people with direct knowledge of the matter story developing
European investors can purchase XRP exchange-traded products (ETPs) from companies like CoinShares and 21 Shares; however, no XRP ETF is available in the US market.
Nevertheless, the process of introducing an XRP ETF in the US is hampered by legal obstacles and market conjecture, which were made worse by the legal dispute between Ripple and the US Securities and Exchange Commission (SEC).
XRP ETF: Unleashing Social Media Frenzy
After news about the possibility of an XRP ETF, social media platforms lit up with conversations from people from all walks of life sharing their thoughts.
An exciting tweet posted by John Deaton caught attention. It’s worth noting that he announced his Senate candidacy on the same day Brad Garlinghouse broached the topic of an XRP ETF.
Former Ripple director Sean McBride also shared his observations, projecting the release of an XRP ETF by 2025 in addition to a 2025 Ripple IPO outside of the United States.
Amidst the excitement, a user started fabricating stories about FOMO (fear of missing out) that emphasized the alleged chances to amass cash.
This tweet and others like it advise followers to stay on their assets, predicting large returns and hinting that selling now could mean losing out on future income.
Such speculative claims must be carefully considered, considering the inherent dangers and uncertainties of the crypto market.
Ripple vs. SEC: The Legal Showdown
Recent months have seen a rush of activity and conjecture surrounding the Ripple v. SEC legal battle, with significant developments suggesting the likelihood of a complete resolution.
Notably, after a closed meeting on November 30, the SEC did not make any motions and instead remained silent, which stoked rumors of a likely settlement between the SEC and Ripple.
Legal expert Fred Rispoli has drawn attention to the SEC’s absence of motions, suggesting that there may be an unwritten understanding between Ripple and the agency that might result in a settlement following the evaluation of the requested information.
What Lies on the Horizon?
After ten years of development, the first Bitcoin spot ETF was finally approved in January 2024, highlighting the regulatory obstacles and cautious approach to financial products based on cryptos.
The path to an XRP ETF is challenging to navigate in light of these obstacles, reflecting the larger difficulties the crypto sector faces in getting new financial products approved by regulators.
Given the SEC’s attention to Ethereum ETFs, it is clear that more established assets will probably be prioritized over XRP and other options.
Therefore, Ripple’s future will be shaped by the changing regulatory landscape, which will also impact broader market developments such as XRP ETFs, Ripple’s IPO, and the state of the crypto industry as a whole.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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By Nermeen Nabil Khear 
