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malikumar1993
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#XRPETF Here's the latest news on XRP ETFs: Recent Developments - *SEC Acknowledgment*: The US Securities and Exchange Commission (SEC) has acknowledged Grayscale and NYSE Arca's 19b-4 filing to list an XRP ETF, marking a significant step towards potential approval. - *Brazil's XRP ETF Launch*: Brazil's B3 stock exchange has launched the world's first spot XRP ETF, managed by Hashdex, providing investors with regulated access to XRP. - *US ETF Applications*: Nine companies, including Bitwise, ProShares, 21Shares, and Franklin Templeton, have filed for XRP ETF products in the US, awaiting SEC approval ¹ ² ³. Potential Approval Timeline - *Bitwise XRP ETF*: Awaiting decision by May 18, 2025, with a 90-day review underway. - *Other ETF Applications*: Decisions on Canary Capital, 21Shares, and Grayscale XRP Trust Conversion are expected by the end of May, while CoinShares XRP ETF and WisdomTree XRP Fund decisions are anticipated in July ⁴. Market Impact - *Potential Inflows*: Analysts predict $4-8 billion in net new assets could flow into the XRP ecosystem within the first year if ETFs are approved. - *Price Predictions*: XRP's price could surge, with some analysts forecasting a potential breakout above $3 ¹.
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