Excitement Builds for XRP Spot ETF in Asia
The prospect of an XRP spot exchange-traded fund (ETF) in Asia is generating significant excitement within the XRP community. Yassin Mobarak, founder of Dizer Capital, is urging crypto industry leaders to explore the idea of launching an XRP ETF in Hong Kong, particularly in light of recent regulatory changes.
Regulatory Shift in Hong Kong
Hong Kong’s regulatory landscape is experiencing a shift, with the Hong Kong Monetary Authority and the Securities and Futures Commission announcing changes in their approach to intermediaries involved in crypto-related activities. This recalibration has opened the door to the possibility of crypto spot ETFs, indicating a potential green light for crypto futures ETFs.
Call to Action for XRP Spot ETF
Yassin Mobarak’s call to action has resonated with the XRP community, urging industry participants to take advantage of the opportunity and submit applications for an XRP ETF in Hong Kong. This sentiment has garnered support from local XRP enthusiasts, emphasizing the potential impact of this move. Luo Boren, heading securities product development at the Hong Kong Stock Exchange, echoes this commitment to collaboration.
XRP ETF Situation in the US
While the regulatory situation for XRP is clear in the United States, the possibility of an XRP spot ETF remains uncertain. Industry insiders are puzzled by the lack of action from major companies like BlackRock, despite the regulatory clarity.
Hot Take: The Excitement and Uncertainty Surrounding XRP ETFs
It’s clear that the XRP community is eagerly anticipating the possibility of an XRP spot ETF in Asia, particularly in Hong Kong. The regulatory shift in the region has opened up new opportunities, leading to a call to action from industry leaders and enthusiasts. However, the situation in the US remains uncertain, leaving some to wonder why major players are not moving forward with creating an XRP ETF despite regulatory clarity.
By
By
By
By
By