XRP ETFs enter conversation following Ethereum example

Prominent ETF expert Nate Geraci highlights the crazy turn of events in the crypto industry, saying people are now discussing SOL and XRP ETFs within a week, when many thought the SEC might refuse all requests for Ethereum funds.

Nate Geraci, a leading crypto ETF expert and co-founder of the ETF Institute, highlighted a sudden change in sentiment regarding crypto-focused ETFs.

A change in sentiment regarding crypto ETFs

According to Geraci, the general sentiment in the market over the past week was that the US SEC would deny all Ethereum ETF applications.

However, within a week, there has been a notable shift in discussions among market participants, who are now discussing XRP and SOL ETFs.

Optimism for XRP ETF Soars After SEC Approves Ethereum Funds

This change in sentiment comes after the US SEC approved eight applications for Ethereum exchange-traded funds. As previously reported, the SEC has approved 194-b filings for Ethereum ETFs. However, the regulatory agency’s decision regarding the S-1 filing is still pending.

Following the partial approval of Ethereum ETFs, the industry has debated the next crypto asset for an exchange-traded fund, with assets like XRP topping the list.

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Interestingly, major crypto players like Ripple CEO Brad Garlinghouse indirectly. speculated that XRP ETFs could be on the horizon. Although many XRP enthusiasts also share the same sentiment, the major question revolves around the possible timeline of the approval.

Additionally, some community members have expressed concern over whether the ongoing SEC lawsuit against Ripple could dampen the chances of XRP ETFs going live. In a recent interview, Godfrey Kendrick, head of digital assets research at Standard Chartered, addressed these concerns.

Kendrick predicted that an XRP ETF could be a 2025 story, suggesting that the regulator could approve the fund by next year. Additionally, Kendrick pointed out that the SEC’s approval of several Ethereum ETFs indicates that the regulator does not consider ETH to be a security. Therefore, he argued that the SEC could not qualify XRP as a security because the asset’s core technology is similar to that of Ethereum.

Meanwhile, no asset manager has officially requested the launch of an XRP ETF. In the meantime, market participants are awaiting SEC approval of the S-1 filing for the Ethereum ETF to allow the products to begin trading in the United States.

Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinions of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.

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