XRP Enthusiast Sees ETF Launch as Path to Volatile Crypto Market in 2024

• WrathofKahneman foresees a volatile crypto market in 2024 due to the upcoming ETF launch.
• The XRP enthusiast asserts that an XRP ETF launch cannot be imagined before the end of its legal struggles.
• The analyst adds that the market will view the arbitrage between the ETF and its underlying asset.

In a New Year post, Ripple enthusiast WrathofKahneman shared insights on the inherent volatility in 2024 resulting from the upcoming Bitcoin ETF launch. While reports suggest a potential XRP ETF launch, WrathofKahneman asserted that an XRP ETF couldn’t be even imagined until the protracted legal struggle ends.

Crypto ETFs in 2024 mean volatility. It's not just the influx of institutional funds, it's the arbitrage between the ETF & the underlying asset. And not many co's house both ETF & Crypto under one roof, exacerbating arbitrage opp's. Can't imagine #XRP ETFs until case is over.

— WrathofKahneman (@WKahneman) December 31, 2023

Analysts remain bullish about the impact of the Bitcoin ETF launch on various cryptocurrencies. While the largest cryptocurrency is predicted to hit $130K by the end of 2025, altcoins like Shiba Inu (SHIB) and PEPE are also set for a …

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