Rumors of XRP ETF Filing
Speculation is growing within the crypto community that an application for an XRP ETF will soon be filed with the US Securities and Exchange Commission (SEC). A screenshot shared by crypto influencer Jack The Rippler reveals that an XRP ETP on Fidelity and an XRP ETF are in the works. The ETP, called Amun Ripple AXRP ETP, is shown to be registered with Fidelity. Despite Ripple’s legal history with the SEC, recent rulings have been in favor of the company, which has boosted confidence among ETF applicants.
Possible ETF Filing in April 2024
A popular XRP account known as XRP whale suggests that an ETF application may come in April, with the launch of the ETF expected before the end of 2024. While this move could have a bullish impact on the crypto ecosystem, there has been no official confirmation from potential issuers. In recent weeks, the price of XRP has not shown significant positive momentum compared to Bitcoin.
Hot Take: XRP ETF Speculation Grows Amidst Bitcoin ETF Expectations
As anticipation builds for the approval of a Bitcoin ETF by the SEC, rumors are swirling about the possibility of an XRP ETF filing. With screenshots suggesting that an XRP ETP is registered with Fidelity, there is growing speculation that an application may soon be submitted to the SEC. Recent legal rulings in favor of Ripple have increased confidence among ETF applicants. While it remains uncertain when exactly an XRP ETF may be launched, the potential for such a development has generated excitement within the crypto community.
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