Bitcoin Price Predictions Although the Toronto Stock Exchange's approval for the launch of the Ripple (XRP ETF) exchange-traded fund by 3iQ did not directly lead to an increase in the price of Bitcoin, this step is considered a victory for the entire digital asset sector; Ripple Labs' support for the fund and its launch without management fees makes it accessible to a wider segment of small investors and investment institutions.
Ripple (Ripple-XRP) appears to be the main beneficiary of the fund's launch, but this regulatory achievement indicates a growing acceptance of exchange-traded crypto funds (Crypto ETFs) beyond just Bitcoin and Ethereum (Ethereum-ETH). As more alternative currency funds enter the market, Bitcoin is expected to benefit from increased investment confidence and infrastructure development.
