#xrp XRP ETF Rejected? #xrpripplenews #ripple

URGENT NEWS for XRP Holders about XRP ETF!! The exchanges and speculations around crypto ETFs continue to attract the attention of investors. The recent approval by the SEC of eight Ethereum ETFs has reignited the debate on the possibility of an ETF for other cryptocurrencies such as Ripple’s XRP and Solana’s SOL. While this is a positive development, challenges remain for some cryptos.The challenging path to an XRP ETF: Matthew Sigel, head of digital asset research at VanEck, recently discussed the prospects of an XRP ETF during an appearance on the Thinking Crypto podcast. According to Sigel, the creation of an ETF requires the approval of several stakeholders: the regulator must approve the underlying asset, the issuer must have confidence in the value of the asset, and there must be support from counterparties such as exchanges, market makers, and custodians. Currently, XRP does not meet these criteria due to a lack of client demand and internal conviction. Matthew Sigel emphasized the importance of these elements by stating that without strong support from key market players and clear demand from investors, the establishment of an XRP ETF remains unlikely in the short term. These obstacles thus hinder the possibility of regulatory approval for XRP.
#xrpcoin #etf #xrpcommunity

Видео #xrp XRP ETF Rejected? #xrpripplenews #ripple канала Budget Buddy