- Ripple’s Monica Lengthy has backed the case for an XRP ETF, citing regulatory readability just like Bitcoin’s standing in the US.
- Lengthy highlighted XRP’s constant high 10 market cap rankings and excessive every day buying and selling quantity because the driving power behind the ETF launch.
- Ripple has expanded its presence within the European market via a partnership with Clear Junction for GBP and EUR funds.
Ripple President Monica Lengthy has voiced help for the potential launch of an XRP exchange-traded fund (ETF), echoing an analogous sentiment from Ripple CEO Brad Garlinghouse. Lengthy cited similarities between Bitcoin and XRP and highlighted the regulatory readability surrounding XRP in the US as justification for her help.
Lengthy instructed CNBC that XRP's constant rating as a high 10 crypto asset by market cap and strong every day buying and selling quantity make an XRP ETF a logical subsequent step for the market.
Garlinghouse beforehand voiced confidence within the case for an XRP ETF, emphasizing buyers' desire for diversifying throughout a number of cryptocurrencies fairly than investing in a single coin.
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