Inside the XRP ETF Challenge: What’s next for investors?
PDAX
November 26, 2024
2 min read
Inside the XRP ETF Challenge: What’s next for investors? (cryptonewz.com, beincrypto.com)
James Seyffart, a leading ETF analyst at Bloomberg, dives into the regulatory challenges facing XRP ETF applications. Several firms, including WisdomTree, have submitted proposals, but the SEC's concerns about market manipulation and compliance pose significant obstacles. Seyffart suggests that the timeline for approval could stretch into late 2025, emphasizing the need for a more robust regulatory environment.
With potential changes in SEC leadership on the horizon, there may be a shift toward a more crypto-friendly stance, which could influence the XRP ETF landscape. However, Seyffart remains cautious about the uncertainties tied to these approvals, particularly regarding unresolved regulatory issues.
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