Table content
## Reasons for XRP Backers to Observe ETF Green Light and Possible $8 Billion Gain
* Market feeling is getting more upbeat concerning an XRP ETF.
* Trump desires significant digital currencies, including XRP, to be within American holdings.
* JPMorgan predicts as much as $8 billion in capital entering should an XRP ETF receive authorization.
The excitement surrounding a prospective XRP exchange-traded fund (ETF) has returned with considerable force.
Adding to the intensity, those who invest are wagering that the scheme of President Donald Trump to incorporate XRP into the country’s digital currency holdings will enhance the possibilities of an ETF authorization during this year.
On Polymarket, backers are currently assigning a 78% likelihood to the SEC giving its approval to an XRP ETF, an increase of 8 percentage points from Trump’s declaration on Sunday.
## XRP Performs Better Than Other Digital Currencies
In February, Bloomberg Intelligence experts Eric Balchunas and James Seyffart estimated the chances of an XRP ETF green light at 65%.
Despite the concept of a holding remaining somewhat unclear, with limited specifics on its operation or funding, it is generating considerable enthusiasm.
XRP from Ripple, employed to simplify international payments, has increased by 6.4% in the current year, whereas Bitcoin has decreased by 4.7%.
Jonathan de Wet, CIO at the digital currency trading company Zerocap, mentioned to DL News earlier in the week that “incorporating XRP into planned holdings would aid in addressing certain crucial regulatory matters, reinforcing the argument for an XRP ETF request.”
Currently, the SEC is examining five XRP ETF requests originating from 21Share, Grayscale, CoinShares, WisdomTree, and Canary Capital. The organization is required to reach a conclusive judgment on these requests by the middle of October.
## Altcoin Rush
These requests constitute a portion of a bigger surge of altcoin ETF submissions presented to the SEC. Toncoin (TON) Value Forecast for March 26th
Meryem Habibi, CRO at the digital currency payment gateway Bitpace, is of the opinion that Trump’s backing for altcoins, including XRP, to establish a potential US digital currency holding should accelerate the green light procedure for altcoin ETFs.
Experts at JPMorgan foresee that ETFs associated with XRP could garner nearly $8 billion in investments throughout the starting year.
Contact him at [email protected]. Have any tips?
