Spot XRP ETF Launch Expected Within Two Weeks

TLDR

• Nate Geraci predicts XRP ETF launch in two weeks.
• Ripple’s SEC litigation concluded three months ago.
• XRP ETF could impact Bitcoin and Ethereum prices.

The cryptocurrency market is closely observing the anticipated launch of a spot XRP Exchange-Traded Fund (ETF). Nate Geraci, President of The ETF Store, mentioned that the first batch of spot XRP ETFs might be introduced within the next two weeks. This development follows the conclusion of a five-year litigation between Ripple and the U.S. Securities and Exchange Commission (SEC) that ended three months ago.

Nate Geraci has been a significant voice in the crypto ETF space. He is renowned for his insights into ETF market trends and works as an advisement on ETF product launches. Geraci’s expectations for the XRP ETF launch signal a potential shift in the regulatory landscape concerning crypto assets.

Regulatory Atmosphere and SEC’s Role

The SEC is the regulatory authority responsible for approving ETFs. The agency concluded its examination against Ripple a few months ago, making the timing of this upcoming ETF notable. No official statements from the SEC about the XRP ETF approval have been released yet, although the end of the litigation process is well-documented.

While waiting for further regulatory announcements, investors are monitoring the Weex Market Overview to gauge potential market reactions. Historically, regulatory approvals of spot ETFs have been met with increased institutional interest and substantial capital inflows.

Impact on XRP and Related Assets

XRP stands to be the most directly affected asset by the ETF’s introduction. Observers also expect potential ripple effects (no pun intended) across other major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). These digital assets are often interlinked in capital markets and might experience secondary impacts following XRP movements.

Previous crypto ETF launches, like that of Bitcoin in January 2024, brought significant price appreciation and investment inflows. XRP and associated assets might follow similar patterns if the spot ETF sees success. Investors continue to watch indicators on major exchanges, such as the Weex BTC-USDT Futures Trading platform, for signs of market shifts.

Industry Commentary and Sentiment

So far, Nate Geraci remains the primary expert providing commentary on the upcoming XRP ETF. He stated, “I expect that in the next two weeks, the first batch of spot XRP ETFs will be launched,” emphasizing the timing and potential market effects.

The community’s sentiment is cautiously optimistic, with many waiting for further confirmations from regulatory authorities or Ripple itself. While major influencers in the crypto sphere have not yet commented specifically on the XRP ETF, the excitement is evident across social media and forums.