
Jakarta, Pintu News – The question of a possible Exchange Traded Fund (ETF) for Ripple seems to have found a bright spot.
Nate Geraci, a prominent ETF watcher, recently gave his firm view that the demand for Ripple (XRP) ETFs is often misinterpreted. According to him, the situation is similar to the initial reaction to Bitcoin and Ethereum ETFs, which ended up attracting billions of dollars of investment after their launch.
Geraci emphasized that many people underestimate investor interest in Ripple (XRP) and Solana ETFs. Currently, there are 92 crypto ETF filings pending with the SEC, with Ripple (XRP) and Solana (SOL) having seven and eight filings respectively. This suggests a shift in focus from just Bitcoin (BTC) and Ethereum (ETH) to other crypto assets that are also attracting investor attention.
Filings by large firms such as WisdomTree, whose Ripple (XRP) ETF decision was delayed until August 25, show that there are strong expectations of approval. Other major fund managers are also preparing amendments with deadlines in October. This fall’s crypto market calendar is filled with anticipation and speculation.
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Canary Capital recently stated that Ripple (XRP) is the only asset, other than Bitcoin (BTC), that is actually gaining resonance from Wall Street professionals. This shows that Ripple (XRP) is not only popular among retail investors but also appeals to institutional investors.
Amplify is even trialing an ETF that generates income from Ripple (XRP) options, signaling innovation in crypto investment products. The presence of Ripple (XRP) in the Wall Street arena signals significant growth potential if the corresponding ETF gets the green light from the SEC. This will open more doors for institutional investors to get involved in the crypto market, particularly through regulated and more accessible products.
Nate Geraci is not new to predicting crypto ETF trends. His success in anticipating the success of Bitcoin (BTC) and Ethereum (ETH) ETFs shows his skill in reading the market. His recent comments on the Ripple (XRP) ETF follow a similar pattern, where he sees great potential that is often overlooked by many.
If the SEC eventually grants approval, it will put an end to speculation and open a new era for crypto investments. Geraci’s confidence in the Ripple (XRP) ETF is based on in-depth market analysis and previously proven trends. Investors who followed his advice have previously seen favorable results.
In conclusion, while the crypto ETF market is still full of uncertainty, Nate Geraci’s views provide a valuable perspective on the potential of Ripple (XRP) ETFs. With backing from major financial institutions and growing interest from Wall Street, the future of Ripple (XRP) ETFs seems bright. The upcoming SEC ruling could be an important turning point in the evolution of the crypto market.
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