#XRPETFs Will the New Earthquake Shake the Crypto Market?**
Latest hot news from **Bloomberg** reports that at least 3 major funds (BlackRock, Fidelity, and Grayscale) have secretly filed with the SEC to seek approval for the **XRP ETF** - a move that could create a wave larger than the Bitcoin ETF earlier this year!
### **Latest Information (Updated 15/7/2024)**
🔥 **BlackRock** confirms it is negotiating with Ripple about the NAV (net asset value) mechanism
📅 **Expected decision** from the SEC in Q4/2024
📊 **Survey from JP Morgan**: 72% of institutions are ready to invest in XRP ETF if approved
### **3 Price Scenarios for XRP If ETF Is Approved**
1️⃣ **Basic scenario**: Increase of 150-200% to $1.2 - $1.5
2️⃣ **Strong FOMO scenario**: Challenge the old ATH of $3.4
3️⃣ **Breakthrough scenario**: Surpass $5 if combined with Fed rate cuts
### **Reasons Why the XRP ETF Is More Feasible Than Ever**
✅ **Ripple has won the lawsuit against the SEC** - Eliminating legal barriers
✅ **XRP liquidity reaches $2B/day** - Large enough for ETF operation
✅ **Surge in institutional demand** after the success of the Bitcoin ETF
### **Smart Investment Strategy**
🔸 Accumulate XRP in the range of $0.55 - $0.65
🔸 Closely monitor the SEC approval timeline
🔸 Take partial profits at the milestones of $1, $1.5, $2
**"This will be the most practically applicable crypto ETF ever"**
- Brad Garlinghouse, CEO of Ripple (Statement at the Digital Asset Summit 2024)
**Are you ready for the XRP ETF wave?**
→ Discuss now with the hashtag **#XRPETFs**!
