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XRP’s ETF ambitions and Ripple’s legal success could transform cryptocurrency investing and drive institutional adoption.
XRP was a giant in cryptocurrency; However, if an XRP ETF is approved, its price changes. This discussion became necessary after Ripple won a partial legal victory against the SEC, which rejected the same XRP claims as collateral as in the secondary sales. For the institutional players, this was a golden opportunity to consider XRP as a lawfully enforced and regulated place to invest in the crypto market.
XRP ETF applications must target companies including elite asset management firms such as WisdomTree and Bitwise. The analysts speak of a year of changes. Ultimately, the pro-crypto sentiment will usher in another era that can clear the way for all funds to be raised to fund XRP ETFs. If that happens, not only could Ripple attract huge inflows from various institutions, but memories of digital currency rivals’ rally performances over the last year could also be brought back to BTC and Ethereum.
This application in an XRP ETF points to the potential of a peak price rise while defining full adoption, with XRP also emerging as the face of such a revolution. Thus, holders of this digital asset, XRP, become significant favorites in the biggest market shift in history.
