Equity Fund Founder Reveals Why XRP ETF Is Anticipated, Theres Value There
The XRP ETFs have become one of the most anticipated filings in the crypto space, with over 10 already crossing the desk of the Securities and Exchange Commission (SEC). While expectations were that the regulator would approve XRP ETFs for trading at the start of May, the decision has been postponed once again. What this has done is increase expectations for these exchange-traded funds, with most of the market patiently waiting for when the green light will come.
Why Investors Are Anticipating XRP ETFs
There are numerous reasons for why investors are anticipating the XRP ETFs. Some of these include easier access to investing in the altcoin by institutions without them having to buy XRP directly, as well as increased demand as the cryptocurrency goes mainstream. All of this is expected to culminate in the rising value of the token and possibly be the catalyst that helps the XRP price break toward a new all-time high.
Dan Tapiero, the founder of 10T Holdings, a US-based equity firm, has also come forward to explain why the XRP ETFs are being anticipated. In an interview with CoinDesk, the founder starts out by lauding XRPs resilience so far, as it has managed to survive over the years. The altcoin has been through low market participation due to the SECs lawsuit spanning over four years, and has managed to come out and maintain its position as one of the most valuable cryptocurrencies.
Speaking about the crypto firm itself, Ripple, Tapiero explains that it has managed to turn itself into a conglomerate of assets in the ecosystem. Given this, the private equity founder believes that theres value there, and as such, there are investors who are anticipating the launch of the XRP ETFs.
Another reason why these XRP ETFs are being anticipated is because its made in America now. This refers to the inclusion of XRP in Donald Trumps strategic crypto reserve, alongside the likes of Bitcoin, Ethereum, Solana, and Cardano. Additionally, Ripples founder, Brad Garlinghouse, continues to work with President Donald Trump, feeding the narrative of XRP being Made in America.
Pushing The XRP Price To New Highs
The launch of the XRP ETFs is expected to be incredibly bullish for the XRP price, and the basis of this has been the reaction of BTC and ETH to the launch of the Spot Bitcoin and Ethereum ETFs. Before the launch of the Spot Bitcoin ETFs, the BTC price was trading below $50,000. However, in the months following the approval, Bitcoin rose by more than 100% to reach new all-time highs above $100,000.
If the XRP ETFs are approved this year and follow this pattern, then it is expected that the XRP price will cross $4 this year, beating its 2017 high of $3.8. The influx of institutional funds would make an impact, especially given Ripples mission to make XRP the digital asset of choice for institutions and banks.
Read more: https://www.newsbtc.com/analysis/xrp/xrp-etf-theres-value-there/
Text source: NewsBTC
