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Could XRP ETF Approval Ignite a Cryptocurrency Market Surge?

Could XRP ETF Approval Ignite a Cryptocurrency Market Surge?

Speculation about an XRP ETF approval has intensified after Bitwise updated its filing, raising hopes for a broader cryptocurrency market surge.

Despite Ripple’s ongoing legal battles with the SEC, interest in the investment vehicle remains high.

An XRP ETF approval could signal a more favorable regulatory environment for cryptocurrencies in the U.S. Investor anxiety has increased over the SEC’s strict regulations, but a shift in approach may come after the upcoming Presidential election, especially if Donald Trump removes SEC Chair Gary Gensler. This could lead to a rally similar to that sparked by the recent U.S. Spot Bitcoin ETF approval.


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Bitwise’s updated XRP ETF application, which includes changes to trust structure and share creation, has led to a rise in XRP’s price. The ETF would enable trading of XRP-backed shares, renewing optimism about Ripple’s potential approval.

Additionally, Canary Capital has filed for a Ripple ETF, and Grayscale is seeking to convert its SOL, XRP, and AVAX trusts into ETFs. Recent comments from ETF Store president Nate Geraci further enhance expectations for a favorable outcome for the Ripple ETF.

Author
Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.

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