For institutional investors crypto- The number of ETFs offering safe access to funds is expected to increase over time. Today, BTC and ETH ETFs issued by trillion-dollar asset managers are seeing billions of dollars in inflows and hundreds of millions of dollars in volume. Alright altcoins Will there be ETFs for Although those who tried for SOL Coin gave up, there is a new application trend for XRP Coin.
XRP Coin ETF
After SOL Coin ETF applications were withdrawn, first from Bitwise and now from Canary XRP Coin ETF We see applications. These applications, made while the court is still ongoing, will probably receive their decisions from the SEC before the case ends, in the midst of the appeal process that may last until 2026. It is expected that the SEC will announce its decision for 2 XRP ETF applications within 6 months.
Canary Capital Group LLC made the last S-1 filing. This ETF, which will hold XRP Coin in its reserves, will monitor the spot price like the others. Details of the ETF, such as its transfer agent, custodian and cash custodian, are not yet clear. Since Coinbase ETF undertakes asset custody services in others, it can also be a service provider here. As a cash custodian, several giants, including JPMorgan, are already long in the pipeline.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
