XRP community abuzz with expectations
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U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.and the rest of the cryptocurrency market amid expectations of a potential spot ETF launch for XRP in the U.S. with six applications in the spotlight.According to Nate Geraci, the president of NovaDius Wealth Management, October might be crucial to watch given the recent developments in the last two weeks, including the first ETF offering spot XRP exposure, the SEC approving generic listing standards, the first index-based spot crypto ETF and Vanguard's U-turn on crypto ETFs."Get ready for October," Geraci said.This week, Hashdex Nasdaq Crypto Index U.S. ETF was"approved" under SEC’s new generic listing standards, which might include other crypto assets apart from Bitcoin and Ethereum, such as XRP.applications. These include Grayscale XRP ETF , 21Shares core XRP Trust ETF , Bitwise XRP ETF , Canary Capital XRP ETF , WisdomTree XRP ETF and CoinShares XRP ETF .In addition, Ripple’s application for a national bank charter is also expected to be decided in October.remains optimistic, expecting XRP ETFs to attract large institutional inflows to XRP. This is not far fetched as CME Group's XRP futures topped $1 billion in open interest , highlighting institutional demand.
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