Forget the hype – Ripple’s quietly making moves that could see XRP land on Wall Street. Rumors are swirling about an XRP exchange-traded fund (ETF) after the company posted a job listing related to “cryptocurrency-related ETF initiatives.” This comes alongside Ripple’s ongoing legal battle with the SEC, which could pave the way for clearer regulations and greenlight for crypto ETFs.
Here’s what we know.
FOX reporter Eleanor Terrett offers a unique perspective, suggesting that a futures ETF could pave the way for the approval of an XRP spot ETF. Drawing parallels with the SEC’s approach to Bitcoin, where a CME Bitcoin futures market was deemed effective in monitoring fraud and manipulation, Terrett outlines a potential trajectory for XRP.
Adding to the intrigue is a recent announcement by Good Morning Crypto, revealing Ripple’s search for a Senior Manager for Business Development in New York. The job description explicitly mentions driving “cryptocurrency-related ETF initiatives,” intensifying speculation about Ripple’s imminent plans to launch an XRP ETF.
The tweet questioned, “Could this mean an $XRP ETF is closer than we had imagined?”
Read More: BlackRock Decides to Stay Away from XRP ETFs; Here’s Why
Taking a closer look at the job posting, the language used suggests that Ripple may be actively preparing to apply for an XRP ETF, aligning its strategy with the changing crypto environment.
Analyzing these pieces of information collectively paints a picture of Ripple strategically positioning itself within the ETF space. The company seems to be aligning its business development efforts with the anticipation of a regulatory green light for crypto ETFs.
An Alternate View: XRP ETFs Will Not Be Approved This Year Due to Legal Fight With SEC – Bloomberg Analyst
Ripple’s strategic hiring, coupled with its determined efforts in the Ripple vs. SEC lawsuit, further emphasizes the momentum building toward the realization of crypto ETFs. We’re closer than ever before!
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