Ripple CEO Predicts More Asset Managers Would Follow After Bitwise XRP ETF Filing

Quick Summary:

Notably, Grayscale recently launched its Grayscale XRP Trust, which the asset manager could easily apply to the SEC to convert to an ETF.

The Ripple CEO was also convinced that this would happen, considering that Analisa Torres had already declared that XRP isn’t a security in itself.

Garlinghouse also claimed that the application for an XRP wasn’t only a matter of time, as the Spot Bitcoin and Ethereum ETFs had been approved earlier in the year.

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Article Details

Author / Journalist: Nidhi Kolhapur

Category: Crypto

Markets: United States

Topics: Ripple (XRP) News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-02 @ 17:03:46 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 484 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 22852736

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