This article discusses the potential approval of a spot XRP ETF in the U.S., citing predictions by industry analysts. It also highlights news about a US Congressman disclosing his cryptocurrency holdings, including XRP, SOL, and BTC, and the surge in Shiba Inu's open interest.
The estimate is based on the performance of the Bitcoin and Ethereum ETFs that were launched last year. ETF assets account for roughly 8% of Bitcoin's total market cap, which currently stands at $1.81 trillion. However, Ethereum ETFs have a much lower penetration rate (around 3%). Monica Long believes that XRP will be next in line following the approval of the products that track Bitcoin and Ethereum. There are already multiple industry players vying to launch an XRP ETF in the U.S.
These include Bitwise, WisdomTree, and other contenders. Last week, Nate Geraci, one of the top ETF analysts, predicted that a spot XRP ETF would end up getting approved this year. Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. 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.Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected].
XRP ETF CRYPTOCURRENCY ANALYST CONGRESSMAN SHIBA INU
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