Bitcoin ETF Approval Realizes: Is XRP ETF Launch the Next?

• The XRP community anticipates a potential XRP ETF launch fueled by the SEC’s Bitcoin ETF approval.
• Bloomberg analyst James Seyffart asserts that the XRP ETF is less likely to happen in 2024 due to the legal struggles.
• Valkyrie Funds co-founder Steve McClurg recently stated that the XRP and ETH ETF launch will follow Bitcoin ETF approval.

The crypto community is looking ahead to a potential XRP ETF launch in light of the SEC’s approval of the Spot Bitcoin ETF launch. However, James Seyffart, the Senior ETF Analyst at Bloomberg, hinted at the least possibility of an XRP ETF approval in 2024 due to the ongoing regulatory hurdles.

In a recent interview, Seyffart shared insights on the challenges Ripple would face for regulatory approval from the Securities and Exchange Commission (SEC) to introduce an ETF. He cited,

I’ve been telling everyone the way I view it is that Bitcoin and Ethereum are off on a pedestal on their own for possibly getting approved this year. The only remote possibility would, I guess, be XRP, but I don’t think that’s happening this year unless the court case is completely done. Right now, they’re still challenging this in cou…

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