It seems the race to launch an XRP ETF has finally kicked into high gear. Grayscale, Nasdaq, and CBOE are all making a mad dash to the SEC, each with their own shiny applications in hand. Grayscale wants to transform its XRP Trust into an ETF, while Nasdaq is pushing for listings of XRP and Litecoin ETFs from CoinShares. And CBOE? Well, they’ve got so many applications in, it’s like they’re trying to win a prize for the most paperwork. 📄
The industry is clearly gearing up for what could be a major shift in how institutional investors access XRP. But let’s not get too excited just yet. This isn’t going to happen overnight, folks. 🕒
Enter Jeremy Hogan, the well-known pro-XRP lawyer, who has some words of wisdom: approval isn’t the hard part. That could happen relatively quickly. The real bottleneck? The S-1 registration process. That’s where things really slow down. According to Hogan, a more realistic timeline is somewhere in the range of eight to twelve months.
Yes, the approval can happen that fast, but then the S-1 has to be approved, etc. etc. So, think of it more like 8-12 months.
Thank God I don’t work on those for a living.
— Jeremy Hogan (@attorneyjeremy1) February 10, 2025
Now, what about the SEC’s claims against Ripple? Does that have any impact? Not really. The remaining legal matters are pretty narrow, focusing mostly on specific sales of XRP on exchanges. The key takeaway is that XRP itself is not a security, which is crucial for ETF approval. 🎉
So, where does that leave us? Crypto-based ETFs are getting more attention, more money, and more backing from major financial players. The demand is there, and firms are making their bets. It might take some time, but for those tracking the potential of XRP in the ETF space, the pieces are definitely falling into place. 🤞
Read More
- SWFTC PREDICTION. SWFTC cryptocurrency
- What is Supermaster V in Marvel Rivals? Ranked Bug Explained
- LUNC PREDICTION. LUNC cryptocurrency
- RSR PREDICTION. RSR cryptocurrency
- DOGE Will Never ‘Cost You $1 Billion’ in Future, Dogecoin Team Says
- Stardew Valley Player Makes Unfortunate Mistake When Trying to Use Warp Totem
- 5 Crypto Coins to Hold for Long-Term Profit
- How One Game Mechanic Could Unify Kingdom Hearts 4 and Final Fantasy 7!
- Unveiling the Shocking Truth Behind One Piece’s Holy Knights!
- Monaco 2 demo coming as part of Steam Next Fest
2025-02-11 15:18