• The XRP neighborhood anticipates that the SEC's approval of Bitcoin ETFs might result in the launch of XRP ETFs.
• Bloomberg analyst James Seifert argues that an XRP ETF is unlikely to materialize in 2024 because of authorized battles.
• Valkyrie Funds co-founder Steve McClurg not too long ago acknowledged that the launch of the XRP and ETH ETF will happen after the approval of the Bitcoin ETF.

The crypto neighborhood is waiting for the potential launch of an XRP ETF in mild of SEC approval for the launch of a spot Bitcoin ETF. Nevertheless, Bloomberg senior ETF analyst James Seifert steered that the probabilities of an XRP ETF being accepted in 2024 are minimal as regulatory hurdles stay excessive.

In a current interview, Seifert shared perception into the challenges Ripple faces in gaining regulatory approval from the Securities and Trade Fee (SEC) to introduce an ETF. He quoted:

I’ve shared with you my view that Bitcoin and Ethereum are on their very own pedestals with regard to their probabilities of being accepted this yr. I feel the one chance is XRP, however I don't assume it’ll occur this yr until the courtroom case is totally over. At the moment, they’re nonetheless contesting the matter in courtroom. It's not utterly completed. The SEC is actually combating Ripple in courtroom.

Notably, the analyst's phrases contradict Valkyrie Funds co-founder Steve McClurg's current feedback concerning the launch of the XRP ETF. McClurg famous within the interview that the approval of a Bitcoin ETF could possibly be adopted by approval to launch an XRP or Ethereum ETF. “I wouldn't be stunned if Ripple or Ethereum uncover ETFs,” he asserted.

In accordance with Fox Enterprise journalist Eleanor Terret, folks within the crypto neighborhood had contrasting opinions concerning the launch of the XRP ETF. Whereas the bulls had excessive expectations for the launch, primarily because of XRP's “regulatory readability,” the bears remained pessimistic about such a improvement.

Celebrities like Panos stay optimistic concerning the launch of an XRP ETF, nevertheless it's unclear when that can occur. Panos shared the X thread and mentioned, “It’s solely a matter of time earlier than an XRP ETF turns into a actuality.”

The long-awaited approval of a Bitcoin ETF took place because of a landmark transfer by the SEC, however questions concerning the launch of an XRP ETF stay unanswered. Reflecting the differing opinions of outstanding figures on the difficulty, the XRP neighborhood is carefully monitoring developments in hopes of a constructive final result.