Ripple lawyer: 'First end the SEC lawsuit, then an XRP ETF'
Radical Crypto Change in the US: Is the Ripple Case and an XRP ETF Coming Soon?
Radical Crypto Change in the US: Is the Ripple Case and an XRP ETF Coming Soon?
The radical cryptocurrency shift in the United States now appears to have reached the regulators, making the likelihood of a quick end to the legal battle between Ripple Labs and the SEC greater than ever. Yet even the anti-crypto interim chief of the US stock exchange watchdog, Mark Uyeda, has not yet withdrawn the charges. Many XRP investors therefore fear that the ongoing regulatory uncertainty could depress the price of the Ripple Coin and dash hopes for an XRP ETF. However, a recent statement by lawyer Jeremy Hogan, who is closely involved in the Ripple case, sheds new light on the situation.
In a message on X (formerly Twitter), Hogan stated bluntly:
Moreover, according to the responsible American federal judge, Analisa Torres, XRP is not a security. That is a decisive point for any approval of an ETF.
Nevertheless, in response to questions from the If XRP Spot ETFs are actually allowed in the United States in 2025, JPMorgan analysts expect that up to $4 to $8 billion in new capital could flow into the Ripple funds in the first year of trading.
That's how big the chance is for an XRP ETF
On Monday, Bloomberg's ETF experts published their View post on Despite the ongoing lawsuit, Bloomberg analysts estimate a 65 percent chance for XRP Spot ETFs.Yet Ripple president Monica Long is even more optimistic. In an interview with Bloomberg, she stated: “I think we'll see more crypto ETFs from the US this year, and I expect XRP will probably be next after Bitcoin and Ether.” On the decentralized cryptocurrency prediction platform Polymarket, participants even estimated the chance of a Ripple ETF at 81 percent.
Four renowned asset managers, Bitwise, Canary Capital, 21Shares and WisdomTree, have applied for a Ripple ETF in recent months. The fact that XRP, as the third largest cryptocurrency, now has a market capitalization of more than 140 billion dollars significantly increases their chances. At the time of writing, the Ripple Coin is at $2.49, an increase of almost 20 percent since last Monday's major correction.
