The expectations for the approval of a bottom quoted in the XRP Stock Exchange (ETF) in the United States are increasing.
And a sample of this is that Google searches of “XRP ETF ”are at their historical maximum, suggesting that there is an enthusiasm never seen before for the arrival of these financial instruments to Wall Street.
The Google search engine, the most used globally, functions as a metric to measure the popularity of a currency, in this case XRP.
Now, how many chances are there to be released by a Ripple cryptocurrency fund? For Eric Balchunas and James Seyffart, Bloomberg Intelligence analysts, One of the next cryptocurrencies that your ETF will have is XRP.
“Our official probabilities of approval of the ETFs of Altcoins are out of discussion. LTC leads with 90 % possibilities, then Doge, followed by Sol and XRP,” Balchunas explained.
So far, the Grayscale, Bitwise, Canary Capital Group, 21Shares and Wisdomtree managers have submitted their corresponding requests before the United States Stock Exchange and Securities Commission (SEC), as Cryptonoticias reported.
The approval of these regulated products will give more visibility to the asset among more traditional investors, in addition to attracting greater liquidity to the Ripple Labs ecosystem.
Another issue to keep in mind is that ETF simplify the entry of corporate and business capitalsince its operation is very similar to the purchase of a traditional action.
