An XRP ETF: Strengthening Case for Ethereum as a Non-Security

The Case for an XRP ETF: Insights from Mike Selig

The recent surge in applications for Ethereum exchange-traded funds (ETFs) with the SEC has sparked discussions about the possibility of an XRP ETF. Former CFTC lawyer Mike Selig has shed light on the potential for an XRP ETF, emphasizing the legal clarity surrounding XRP and its position as the only digital asset ruled as not a security by the US SEC.

The Bitcoin and Ethereum Effect

Key speeches by regulatory figures, the SEC FinHub framework, and relevant court decisions have strengthened the case for Ethereum not being a security.
If a spot BTC ETF is on the horizon, a spot ETH ETF shouldn’t be far behind.

XRP’s Strong Stance

XRP’s legal clarity in the US, as the only digital asset ruled as not a security, makes it a favorable candidate for an ETF.
The Hinman speech and SEC FinHub framework have contributed to the perspective that Ethereum is not a security.

XRP ETF: A Real Possibility?

With XRP’s legal status settled, discussions have shifted to the potential for an XRP ETF.
The strong foundation of legal clarity sets XRP apart from other digital assets.

Hot Take

The conversation around an XRP ETF has begun, but it remains to be seen if these insights will translate into action. The legal clarity surrounding XRP certainly opens up new investment opportunities in the cryptocurrency market.