Crypto News- Crypto enthusiasts are eagerly awaiting BlackRock’s potential move to introduce an XRP spot exchange-traded fund (ETF), following its recent success with a Bitcoin ETF. While hopes are high within the XRP community, uncertainty looms as BlackRock remains tight-lipped about its plans for the popular cryptocurrency.
Despite regulatory hurdles and ongoing legal battles, XRP supporters remain optimistic, pointing to a pivotal court ruling in July 2023 that clarified XRP as a non-security. However, the outcome of the SEC vs. Ripple lawsuit still hangs in the balance.
XRP ETF on the Horizon: 10 Trillion Dollars Asset Manager’s Timeline Revealed by Expert
In a recent post, prominent XRP figure Ashley PROSPER speculated on the timing of BlackRock’s potential XRP ETF announcement, suggesting it could coincide with the lawsuit’s conclusion. This sentiment echoes the cautious optimism expressed by Ripple CEO Brad Garlinghouse, who believes an XRP ETF is inevitable but refrains from providing a definitive timeline.
As the Ripple lawsuit progresses into the remedies phase, the crypto community eagerly anticipates its resolution, with Ashley suggesting it could happen as early as this year. Former Ripple Director Sean McBride shares similar sentiments, projecting the emergence of XRP investment products in 2024.
Amidst the anticipation and uncertainty, the prospect of a BlackRock XRP ETF continues to fuel discussions and speculations within the crypto space, highlighting the evolving landscape of digital asset investment opportunities.
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