tl;dr
: XRP, the sixth-largest cryptocurrency, may see the launch of an exchange-traded fund (ETF) this year, with a possible application coming in April. Crypto influencer Ben Armstrong hinted at this development, pointing to Blackrock as the asset manager spearheading the ETF launch. The speculation aro...
Summary: XRP, the sixth-largest cryptocurrency, may see the launch of an exchange-traded fund (ETF) this year, with a possible application coming in April. Crypto influencer Ben Armstrong hinted at this development, pointing to Blackrock as the asset manager spearheading the ETF launch. The speculation around an XRP ETF has grown after Grayscale readded the digital asset to its Digital Large Cap Fund, but despite this, XRP continues to stagnate in the market.
An XRP ETF application will likely come in April, with a possible launch before the year closes. Crypto influencer Ben Armstrong said Blackrock will spearhead the ETF launch. Grayscale’s re-inclusion of the XRP in its Fund stoked the ETF speculations.
The sixth-largest cryptocurrency by market capitalization, XRP, may likely see the launch of an exchange-traded fund (ETF) this year and an application as early as the next few months. In a development that will undoubtedly excite XRP community members, crypto influencer Ben Armstrong hinted in a video about the upcoming XRP ETF. Armstrong, acting on insider information, said an application for the said ETF may come in April, the same time as the SEC v Ripple lawsuit is scheduled to close.
Keep the reader engaged with the details and let them know what to expect. Importantly, they emphasized that XRP is the only altcoin with legal clarity following a court’s ruling last year that declared the digital asset a non-security. So, they emphasize again for the importance of the information they just shared and its potential impact. Meanwhile, despite a resurgence in cryptocurrency prices, XRP continues to stagnate. The digital asset has struggled to replicate the sporadic rise holders expected following Judge Analisa Torres’s ruling. Sharks. According to Bitcoin.com data, XRP is currently trading at $0.56 USD after a 1.26% rise within the past 30 days. However, it has also decreased in percentage within the past weeks. Maybe invite the audience to gain some potential investment with that information or look out for the possibility to gain royalties.
Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.