XRP ETF Incoming? Grayscale Launches First XRP Trust—Could XRP Skyrocket to $3.40?

Published: Sep 13, 2024 Duration: 00:02:55 Category: People & Blogs

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hello hello this is Dr pick and yes we are talking about cryptocurrencies and today I'm going to tell you about xrp ETF incoming grayscale launches First xrp Trust could xrp Skyrocket to $3.40 with Bitcoin and ethereum already dominating the ETF race investors have been eagerly speculating on which crypto would be next in line for regulatory approval everyone thought Salona would be the next big crypto to get an ETF but guess what grayscale just shocked the crypto World by announcing the very first xrp trust analysts are now predicting that within the next 4 to 8 months the first xrp ETF could be launched if this happens xrp's price might surge back to its earlier all-time high of $340 xrp ETF next in line Ripple xrp is now a prime candidate for potential ETF approval especially with its CEO Brad garlinghouse expressing strong belief in the inevitability of an xrp ETF garlinghouse is optimistic about the crypto Market reaching a $5 trillion valuation driven by successful projects like those within decentralized Finance Ripple recently won a crucial legal battle against the SEC which ruled that xrp is not a security this victory has opened new opportunities for xrp positioning it as a serious contender in the ETF race alongside bit coin and ethereum grayscale launched xrp trust however grayscale has taken the first step by launching the US has made an xrp trust a closed end fund aimed at accredited investors seeking direct exposure to xrp while trusts and ETFs both offer investment options they differ significantly ETFs need SEC approval and cater to retail investors while trusts are aimed at accredited investors and have fewer regulatory hurdles however a trust can transition into an ETF if it gets the right regulatory green light as seen with grayscales Bitcoin and ethereum trusts xrp ETF approval could hit $340 Ripple's xrp token experienced a 6% price surge yesterday following the announcement of the US's First xrp Trust by grayscale despite this initial Spike the price has since settled at $0.57 amid growing speculation about the approval of an xrp ETF meanwhile Market expert Dr profit believes that within the next 4 to8 months the industry might see the first spot in xrp ETF following grayscale's trust launch analysts suggest that if an xrp ETF gains approval it could drive xrp's price back to its previous all-time high of $340 thank you for watching this video leave your comments and see you soon

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