💻News:
JP Morgan projects inflows between $3 billion and $8 billion for a potential ETF $XRP .💰🤑
The financial giant based this estimate on the performance of the ETFs $BTC and $ETH that launched in the market last year.
Spot ETFs have gained a lot of popularity in the cryptocurrency market and represent about 8% of the total market capitalization of Bitcoin, which is now $1.81 trillion.👌👌
The growing adoption and use of XRP in payment solutions adds more weight to the suitability of the cryptocurrency for an ETF. Currently, some industry participants, including Bitwise and WisdomTree, have already filed some applications for the XRP spot ETF.😎😎
Nate Geraci, a well-known ETF market expert, also noted that an XRP ETF could be approved within a year. This would be a significant boost for Ripple and would also provide a lot of credibility to XRP as a key digital currency in the market.💪🐳
There is no doubt that if the ETF is approved, the price of XRP would skyrocket, bringing the currency closer to fulfilling its intended purpose of being the bridge currency for cross-border transactions between large financial institutions.🚀🚀🚀
And you, what do you think? Do you believe that an XRP ETF would drive the price of the currency up?🤔
I look forward to hearing from you…😀
