Grayscale’s XRP ETF application for NYSE caused an increase in speculation in the crypto community. With more than one asset manager around the XRP entering the ETF race, Blackrock is thought to be in this area. Fox journalist Eleanor Terrett’s clues that more applications will be made soon increased the interest of the investor.
XRP ETF Application
Grayscale officially presented the 19b-4 form through NYSE to convert a fund (ETF) traded on the stock market. If approved, the ETF will be listed and traded on the New York Stock Exchange. Ripple $3.1 And Tröst, which was created as a result of the decision of Analisa Torres in the SEC case, is currently $ 16 million.
Fox journalist Eleanor Terrett’s statements fueled speculation that an expected Blackrock application could be. Terrett, in his share, “next week, wait for more filing activities for XRP ETF applications,” he said. Considering Blackrock’s position in the investment market, the possibility of a potential XRP ETF launch for this company attracts the attention of investors. Blackrock officials said that there would be no ETF except BTC and ETH for a long time, and investors did not show much interest in other subcoins. However, a lot of things have changed for XRP Coin to today.
Ripple’s Future
The current price of XRP is 3.08 dollars and the transaction volume decreased by 31 percent to 4.7 billion dollars. Investors are cautious after the US Federal Bank keeps interest rates constant. However, the increasing optimism in a possible XRP ETF launch supports the expectation that the XRP price will rise. Eight asset executives, such as Bitwise, Coinshares and Wisdomree, officially applied for XRP ETF.
Blackrock’s participation can significantly increase XRP’s reputation in the investment market. However, speculation for the addition of XRP to the US strategic reserve, Bitcoin 
$104,282.9 It led to controversy between maximalists and XRP supporters. Experts, considering the latest ETF applications and other market developments, remain optimistic about the future of crypto currency.
While the developments are expected to continue, players on the market are carefully progressing. The conclusion of ETF applications can significantly affect the value of XRP and the crypto market in general.
While investors closely follow developments, it is worth mentioning that regulations and market trends will be effective on future movements.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
