#XRPETF #XRPETF

🔥 【#XRPETF 's 'impossible triangle': The ultimate test of law, liquidity, and ecological game】

💡 In-depth perspective: If the XRP spot ETF is approved, it will face three unique challenges that far exceed the complexity of BTC/ETH ETFs:

1️⃣ Custody Dilemma:

- Ripple Labs holds over 50 billion XRP (accounting for 50% of total supply), traditional ETFs require a strict separation between the issuer and the asset issuer, how to prove 'decentralization' becomes the biggest compliance obstacle.

- Referencing Grayscale's GBTC model, the XRP ETF may need to commit to regularly destroying custody tokens, but Ripple's lock-up mechanism has not clearly supported this operation.