Equity Fund Founder Highlights Anticipation for XRP ETFs and Value
The approval of XRP ETFs has become highly anticipated, with over 10 filings submitted to the SEC. The decision, initially expected in May, has been postponed, heightening market expectations.
Reasons for Anticipation
- XRP ETFs provide easier access for institutional investors without direct purchase of XRP.
- Increased mainstream adoption could drive demand and potentially raise XRP's value, aiming for new all-time highs.
- Ripple’s resilience during a prolonged SEC lawsuit boosts investor confidence.
- XRP's inclusion in Donald Trump's strategic crypto reserve enhances its perceived value.
- Ripple’s diversification into a conglomerate of assets adds to investor interest.
Potential Price Impact
The launch of XRP ETFs is expected to positively influence its price, similar to the effect seen with BTC and ETH post-ETF approvals. If approved this year, analysts project XRP could surpass $4, exceeding its 2017 high of $3.8, driven by institutional investment.
