Standard Chartered’s Geoffrey Kendrick forecasts a Ripple (XRP) ETF by 2025, following the SEC’s approval of Spot Ethereum ETFs. Ripple CEO Brad Garlinghouse hinted at this possibility, calling the SEC’s approval a “momentous” occasion for the industry.
The current lawsuit between Ripple and the SEC, accusing Ripple of selling unregistered securities, poses a significant challenge to a spot ETF. A favorable resolution, expected this summer, could boost XRP’s price, currently at $0.53.
Crypto ETFs allow retail traders to gain direct exposure to crypto prices without owning the assets. This sentiment arrives at a positive time for the crypto industry, marked by the U.S. House’s passing of the Financial Innovation and Technology for the 21st Century Act (FIT21).
Additionally, Coinbase resumed XRP trading in New York, reflecting favorable sentiment. This development underscores the strategic importance of regulatory clarity for the crypto industry’s future growth.
For more details, visit The Block, Zach Rector’s Twitter, and RippleXrpie’s Twitter.
