# XRP Perspective: Positive with Possible $8B ETF Increase
* Experts observe favorable consequences from XRP’s presence in Trump’s digital currency holding.
* Nevertheless, they similarly warn that the virtual currency still encounters difficulties.
Experts propose that Donald Trump’s choice to incorporate XRP within the five virtual currencies in his state digital currency holding is a favorable indication for XRP’s value.
They further state that this action might create an opportunity for Exchange Traded Funds (ETFs) to obtain authorization from the United States Securities and Exchange Commission (SEC).
Jonathan de Wet, Head Investment Executive at Zerocap, communicated to DL News: “The presence of XRP in the digital currency holding signifies a noteworthy backing, indicating a substantial alteration from the prior times when XRP encountered assaults from state organizations.”
The SEC has gotten numerous requests for XRP ETFs and has started its evaluation procedure. The regulatory institution needs to either decline or endorse these requests by mid-October.
JPMorgan approximates that XRP ETFs might draw roughly $8 billion in investments during their initial year of trading.
## Impelling Elements
Legal triumphs and a supportive sector atmosphere have pushed the cost of the Ripple-related virtual currency upward almost 270% in the last year, positioning it as the third-biggest virtual currency by market value, following Bitcoin and Ethereum.
Experts consider that being present in a prospective digital asset holding together with Bitcoin, Ethereum, Solana, and Cardano may persist in affecting its value.
Nevertheless, Luke Nolan, a study partner at investment company CoinShares, warned that although all the virtual currencies noted in Trump’s message on Truth Social on Sunday witnessed increases after the declaration, they have subsequently decreased.
He mentioned to DL News: “It is turning into progressively obvious that the marketplace might have progressed too rapidly.”
He remarked that the suggested stockpile is still missing a “practical schedule or plausibility,” rendering it unfeasible to ascertain when it might commence. Nolan appended that any intention to inaugurate a digital currency stockpile would probably necessitate legislative endorsement and is “improbable” to move forward precisely as suggested. Nevertheless, he and other specialists we questioned are convinced that if the SEC sanctions an XRP ETF submission, it could exert a constructive consequence on XRP. “Notwithstanding some ambiguity, the ramifications of a propitious regulatory milieu encircling XRP is escalating notably each day and—absent any unanticipated occurrences—ought to sustain its Toncoin (TON) Value Forecast for March 26th over $2.00,” de Wet articulated. XRP is presently being exchanged at $2.35.
