The US SEC needs to make a decision on the XRP ETF applications from Grayscale and other 5 companies before mid-October. JPMorgan predicts that there may be an inflow of $8 billion in the first year
PANews reported on March 8th, according to DL News, that the U.S. Securities and Exchange Commission (SEC) is reviewing five XRP ETF applications submitted by 21Shares, Grayscale, CoinShares, WisdomTree and Canary Capital. They must make a decision on these applications before mid-October this year. Since Trump had previously announced that he might include XRP in the US crypto strategic reserve, Jonathan de Wet, Chief Investment Officer of cryptocurrency trading company Zerocap believes this move will help resolve some key regulatory issues thereby enhancing the feasibility of approval for XRP ETFs. Analysts at JPMorgan Chase predict that XRP ETF could attract $8 billion in investment inflows in its first year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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