Spot in the crypto currency market XRP ETF Discussions continue for applications. President of ETF Store Nate GeraciHe made a remarkable output by reporting the opinion that the approval was almost precise. Geraci also claims that there may be a 5 billion dollar fund entry to ETFs in the first month after approval. it. The probability of approval in estimation markets is priced at 87 percent.
The expected approval may come in October
SEC for October Coinshares, Canary Capital And WisdomtreeHe needs to make his final decision for his applications. October XRP’s Bitcoin 
$110,437.59 and Ethereum 
$4,394.56 It is seen as important as it goes through a process similar to their ETFs. Ripple 
$2.81The partial legal victory of 2023 has reduced the obstacles to applications in this process.
Canary Capital CEO recently known after Bitcoin in XRP’s Wall Street crypto currency He made a remarkable output by explaining that it was. He added that despite the past problems with the regulators, this process has been partially overcome. With SEC’s approval, XRP may take its place among ETF products in the US market.
92 Crypto Money Waiting for ETF APPROVAL
A total of 92 crypto currency ETF application in front of the SEC is waiting for approval. Among these applications Bitcoin And Ethereum While the based on -based ETFs stand out, the number of applications for Altcoins is quite high. Only Solana It ranks first with eight ETF application, while XRP is second with seven applications.
In October, the eagerly awaited approval of XRP ETFs will be a step that emphasizes Altcoin in the US ETF market. Solana and XRP are among the most powerful candidates for approval.
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.
