As a researcher with a background in finance and cryptocurrencies, I find the recent developments surrounding XRP and potential ETFs intriguing. While BlackRock, one of the world’s largest asset managers, has reportedly shown no interest in launching an XRP ETF, Standard Chartered predicts that such a product could be launched in the U.S. as early as next year.
As a researcher, I’ve come across intriguing news from Standard Chartered, a prominent player in the banking industry. They hinted at the possibility of launching an Exchange-Traded Fund (ETF) based on Ripple (XRP) in the United States as early as next year.
In response to a query regarding the prospect of introducing an Exchange-Traded Fund (ETF) based on XRP cryptocurrency during January, Larry Fink, BlackRock’s CEO, declined to discuss the matter.
According to Fox Business’s report, BlackRock has announced no plans to introduce an Exchange-Traded Fund (ETF) based on the cryptocurrency associated with Ripple.
Robert Mitchnick from BlackRock has made it clear that the financial giant holds a minimal level of interest or excitement towards alternative cryptocurrencies, often referred to as altcoins.
As a researcher studying the cryptocurrency market, I’ve come across Brad Garlinghouse, the CEO of Ripple, expressing his viewpoint on altcoin-based XRPs. He considered such a development as “inevitable” and expressed a welcoming attitude towards it for XRP.
As a seasoned analyst, I’ve taken note of the recent development where a bipartisan group of House representatives wrote to the Securities and Exchange Commission (SEC), requesting the approval of Ethereum ETFs, along with those for “other” digital assets. Eric Balchunas, a renowned expert in the exchange-traded fund (ETF) industry, expressed his expectation that ETF issuers might capitalize on any potential vulnerability at the SEC and file applications for various altcoins.
Is Solana next as well?
According to U.Today’s report, a CNBC commentator has made an assertion that I, as an analyst, find intriguing: Solana may follow in Ethereum’s footsteps and secure its own Exchange-Traded Fund (ETF) in the near future.
According to Standard Chartered’s perspective, it seems both Ethereum and Ripple (XRP) have potential for becoming exchange-traded fund (ETF) contenders, despite Ethereum being previously labeled as an “Ethereum killer” in the cryptocurrency market.
Sky-high price targets
Expert: Standard Chartered accurately foresaw Ethereum reaching a price of $4,000 after the successful Ethereum ETF approval.
Earlier this week, the leading altcoin surged to $4,095 on Bitstamp following the SEC’s approval.
The SEC greenlit multiple ETFs on Thursday by approving 19b-4 listing requests.
As an analyst, I’d put it this way: I cannot initiate trades on the Ethereum ETF until the Securities and Exchange Commission (SEC) approves its S-1 registration statements.
According to Standard Chartered’s prediction, Ethereum’s price may reach a peak of $8,000 before the year comes to an end.
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2024-05-24 18:19