While the crypto market stakeholders are all but certain that the United States Securities and Exchange Commission (SEC) would give a nod to the first ever spot Bitcoin ETF in the United States, rumors are afloat that applications for an XRP ETF is soon to come.
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XRP ETF Filing Soon?
In the midst of widespread expectation around the Bitcoin ETF approval before the January 10, 2024 deadline, speculation is around in the crypto community that an application for the XRP ETF would soon be filed with the US SEC. According to a screenshot shared by crypto influencer Jack The Rippler, An XRP ETP on Fidelity and the XRP ETF are coming soon. The ETP with the name Amun Ripple AXRP ETP is shown to be registered with Fidelity, according to the screenshot.
While the US SEC and Ripple, the company behind the altcoin, have a long legal history with Ripple lawsuit, the regulatory standpoint is currently in favor of the company thanks to the summary judgment by judge Analisa Torres. The judge had in July 2023 ruled that the sale of XRP tokens to retail buyers does not qualify as securities assets. This is based on this ruling that the ETF applicants are reportedly confident of a chance of approval from the US SEC, considering that the likes of Blackrock, Van Eck, Fidelity, Bitwise and Valkyrie get the Bitcoin ETF nod around January 10.
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