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Despite lawsuit, interest remains high for XRP ETF

Despite lawsuit, interest remains high for XRP ETF
31-07-2024


The green light for Bitcoin and Ethereum Spot ETFs has paved the way for other crypto-based ETFs to enter the market. With XRP standing out for its impressive performance compared to Bitcoin, experts predict the possibility of its own ETF.

The launch of an XRP ETF is currently on hold due to the ongoing lawsuit between Ripple and the US Securities & Exchange Commission over allegations of an unregistered securities offering. The outcome of this case has significant implications not only for Ripple but also for the broader crypto industry.

There have also been discussions about a potential collaboration between Ripple and BlackRock, led by CEO Larry Fink, to establish an XRP ETF. If realized, this would enhance the legitimacy and accessibility of the token.

In the past 24 hours, XRP has delivered an admirable performance, surpassing that of the leading cryptocurrency. XRP increased by 7.14% compared to Bitcoin's 0.32% decline in the same period.
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