BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

XRP and Ethereum are Up Next for Spot ETFs and Here is Why

by BlockNews.com Team
January 9, 2024
in Business, Crypto, Finance
A A
XRP and Ethereum are Up Next for Spot ETFs and Here is Why
2
SHARES
Share on TwitterShare on Reddit
  • Valkyrie Funds CIO Steven McClurg believes Ripple XRP exchange-traded funds (ETFs) could be approved soon, citing Grayscale’s recent addition of XRP to a publicly traded trust.
  • An SEC-approved XRP ETF would bring more legitimacy and adoption for the cryptocurrency from mainstream investors, likely causing the price to “explode.”
  • While no concrete XRP ETF applications have been filed yet, McClurg sees progress with Bitcoin and Ethereum ETFs as a positive indicator that innovation will continue in the crypto ETF space.

Valkyrie Funds Chief Investment Officer Steven McClurg recently stated that he believes Ripple XRP exchange-traded funds (ETFs) could be approved soon. His comments come as the crypto industry awaits decisions on spot Bitcoin and Ethereum ETFs.

JUST IN: Valkyrie CIO states Ethereum $ETH and Ripple $XRP are likely next ETF contenders pic.twitter.com/c2ys7Z7WA8

— BlockNews.com (@blocknewsdotcom) January 9, 2024

McClurg’s Comments on Potential XRP ETFs

In an interview with Bloomberg, McClurg said he “wouldn’t be surprised if we began seeing not just more Ethereum ETF applications, but Ripple XRP ETFs on the market.”

He pointed to Grayscale’s recent addition of XRP to one of its publicly traded trusts as a sign that XRP ETFs are a possibility. “It wouldn’t surprise me if we saw Ripple or Ethereum Spot ETFs out there,” McClurg stated.

The Potential Impact of an XRP ETF

An SEC-approved XRP ETF would be significant for the third largest cryptocurrency by market cap. It would increase XRP’s legitimacy in the eyes of mainstream investors and open the doors for further crypto adoption in traditional finance.

McClurg believes an XRP ETF filing would likely cause the price of XRP to “explode” as it did for Bitcoin when the first futures ETFs were approved. The price impact could be amplified by Ripple’s ongoing legal battle with the SEC, which has cast uncertainty over XRP’s regulatory status.

While no concrete XRP ETF applications have been submitted yet, McClurg sees recent progress with Bitcoin and Ethereum ETFs as a positive sign. He expects further innovation in the crypto ETF space if spot Bitcoin funds are approved.

Conclusion

The approval of a Ripple XRP spot ETF would represent a major milestone for the cryptocurrency industry. Valkyrie’s CIO believes the chances of XRP ETFs are rising, which could dramatically impact XRP’s price and standing within the traditional finance world. For now, the market awaits the SEC’s decisions on spot Bitcoin and Ethereum funds, which may set the stage for an XRP ETF.

Tags: Bitcoin ETFcryptoETFethereumxrp
Tweet1ShareShare1

DON'T MISS THESE! HOT OFF THE PRESS

SharpLink Gaming Unveils $1 Billion Plan for Ethereum Treasury: Are You Still Early?
Crypto

SharpLink Gaming Unveils $1 Billion Plan for Ethereum Treasury: Are You Still Early?

May 31, 2025
Elon Musk Steps Down from DOGE, Remains Trump Advisor
Finance

Elon Musk Steps Down from DOGE, Remains Trump Advisor

May 30, 2025
Yuga Labs Sells Off Moonbirds IP to Double Down on Bored Apes and Otherside — Bullish Signal for BAYC?
Crypto

Yuga Labs Sells Off Moonbirds IP to Double Down on Bored Apes and Otherside — Bullish Signal for BAYC?

May 30, 2025
These 3 Cryptos Could Become Industry Standards in the Next 5 Years
Bitcoin

These 3 Cryptos Could Become Industry Standards in the Next 5 Years

May 30, 2025
These 3 Crypto Coins Could SKYROCKET in the Next 3 Months: Still Early
Crypto

These 3 Crypto Coins Could SKYROCKET in the Next 3 Months: Still Early

May 30, 2025
BTC AT RISK: Quantum Tech Threatens Bitcoin’s Security, Warns Billionaire Chamath Palihapitiya
Bitcoin

BTC AT RISK: Quantum Tech Threatens Bitcoin’s Security, Warns Billionaire Chamath Palihapitiya

May 30, 2025
Load More

Related News

SharpLink Gaming Unveils $1 Billion Plan for Ethereum Treasury: Are You Still Early?

SharpLink Gaming Unveils $1 Billion Plan for Ethereum Treasury: Are You Still Early?

May 31, 2025
Elon Musk Steps Down from DOGE, Remains Trump Advisor

Elon Musk Steps Down from DOGE, Remains Trump Advisor

May 30, 2025
Yuga Labs Sells Off Moonbirds IP to Double Down on Bored Apes and Otherside — Bullish Signal for BAYC?

Yuga Labs Sells Off Moonbirds IP to Double Down on Bored Apes and Otherside — Bullish Signal for BAYC?

May 30, 2025
These 3 Cryptos Could Become Industry Standards in the Next 5 Years

These 3 Cryptos Could Become Industry Standards in the Next 5 Years

May 30, 2025
These 3 Crypto Coins Could SKYROCKET in the Next 3 Months: Still Early

These 3 Crypto Coins Could SKYROCKET in the Next 3 Months: Still Early

May 30, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.