USA Spot XRP ETF Approval Unlikely Before Election, Says Korean Securities Firm

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USA Spot XRP ETF Approval Unlikely Before Election, Says Korean Securities Firm The approval of a spot XRP ETF in the United States is unlikely before the upcoming November presidential election, according to Hong Sung-wook, a researcher at South Korean brokerage NH Investment & Securities.

If the court ultimately rules in favor of Ripple, it could pave the way for more XRP-related financial products, including ETFs, by removing regulatory obstacles.

The outcome of this lawsuit could impact not only Ripple but also the broader crypto market, as it may set a precedent for how other cryptocurrencies are regulated in the U.S.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: IndiaSouth KoreaUnited States

Topics: USA Spot XRP ETF Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-04 @ 02:40:41 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 752 words

Reading Time: 5 minutes read

Sentences: 32 lines

Sentence Length: 24 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 22874825

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About BitcoinWorld

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Official Website: bitcoinworld.co.in

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News Last Updated: 8 hours ago

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