Potential Timeline for the Instant XRP ETF:
Despite the increasing optimism, there is no specific launch date for an instant XRP ETF in the United States. Several factors will influence this:
SEC Approval: The main hurdle is SEC approval. The timeline for their decision is uncertain but is being closely monitored, especially with the appointment of a new SEC chair who may be more friendly towards cryptocurrencies.
Resolution of SEC Lawsuit: A positive resolution or dismissal of the SEC case against Ripple is widely considered a prerequisite for the SEC to feel comfortable approving an instant XRP ETF.
Regulatory Clarity: More clear regulatory guidelines for cryptocurrencies in the United States will also pave the way for more approvals of cryptocurrency ETF funds.