XRP’s ETF hopes after SEC appeal depend on US election: Analysts
XRP holders were on a high after the first XRP ETF application was filed, only to see hopes dim after the SEC’s Ripple appeal. The race is on between Solana and XRP to become the first US altcoin ETF.
The past week has been a rollercoaster ride for XRP holders. News of the filing for the first XRP exchange-traded fund (ETF) was followed by the United States Securities and Exchange Commission appealing its court loss to XRP issuer Ripple.
Observers could be forgiven for wondering if the two events were connected.
Consider the timeline: Index fund manager Bitwise applied to incorporate the Bitwise XRP (XRP) ETF in Delaware on Sept. 30 and then filed an application with the SEC on Oct. 2 for the XRP ETF.
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Author: Daniel Ramirez-Escudero
