Is a XRP Spot ETF Coming?
On June 17, the U.S. Securities and Exchange Commission (SEC) will make a decision on a Spot XRP Exchange-Traded Fund (ETF).
If the application is approved, XRP could become the second altcoin with its own Spot ETF after Ethereum (ETH). The approval of Bitcoin ETFs earlier this year led to billions in inflows of institutional capital. A similar development for XRP could also create additional demand, which could have a positive effect on the price.
The Chance of Approval is High
The estimate for ETF approval is 77%. This is significant, especially compared to previous ETF applications. The market is seriously expecting a positive decision from the SEC.
#NewsTrade #AltcoinSeasonLoading #StrategyTrade #CryptoComeback
