Ripple may be preparing to apply for an XRP-related ETF
On January 27th, Fox Business reporter Eleanor Terret posted on social media that Ripple is looking for a Senior Manager of Business Development in New York, with job requirements related to "promoting ETF plans related to cryptocurrencies," or implying that the company is preparing to apply for an XRP ETF.
Terret stated that the prerequisite for a spot XRP ETF is the need for a futures ETF. One of the reasons why the Bitcoin spot ETF was approved is that the US SEC concluded that the CME Bitcoin futures market is capable of monitoring fraud and manipulation. If a futures XRP ETF can be launched, it will be an important step towards the correct direction for a spot XRP ETF.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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