Ripple looking for ETF, would it be the second one?

[Tipstar]

There have been news of Ripple looking for experts to go for XRP ETFs. Considering the centralized nature of Ripple ecosystem and organization, they can be more specific on meeting the demands for being listed as ETF. They also don't have the issues of POS or unlimited supply like Ethereum. They have in past been considered the 2nd most popular altcoin after Ethereum. Would they win over Ethereum this time to be the 2nd crypto based spot ETF available for trading in US market? Is it going to have a positive impact on the price of XRP? How likely are the chances, what do you think about it?

https://finbold.com/ripple-hiring-etf-expert-whats-next-for-xrp/

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[wheelz1200]

I've seen interest in an ethereum etf as well.  I think they are gonna slow roll any new etfs with altcoins.  Because they are so volatile I think they will wait to see how these bitcoin ones do first.  Getting a bitcoin one took years I can see the same trajectory to get other coins passed through SEC regulations.

[kentrolla]

They can easily get approval for ETF but the real question is who will trust them? How does it matter to us? As you have rightly mentioned we are aware of Ripple's centralization and unlimited supply and it had its peak back in 2017 since then it's in hibernation and has only caused loses to whoever have trusted in this project and invested. I don't think people would like to give it a chance once again and ETF approval may not have much impact of Ripple.

[Sophokles]

I don't think there will be any other ETF approval after ETH and if there is, it won't be that significant. There is a reason why ETH ETF approval has some kind of impact on the market. ETH has the dominance over all other altcoin and it has a massive ecosystem with all of its layer 2 and other multi-functional dapps that use ETH to run their systems. XRP doesn't have any upside potential like ETH does so if there is an application of XRP ETF then the impact will be short-term.

[The Cryptovator]

How do you believe the SEC will approve all altcoins? Even Ethereum is struggling to get approval but still delays dates. In this situation, don't expect any other altcoin to approve ETF. I believe the SEC will probably monitor the market for Bitcoin ETFs. If they feel it is positive for their citizens, they might approve the ETF. Otherwise, don't expect any new ETFs from the SEC. They delayed the ETF until March for ETH, and we have to wait to see the result. After ETH approval, we may see a real-time situation.

[sunsilk]

That might be the next rolling sequence for the altcoins if it's about the ETFs. We've seen go first for Bitcoin, next is with ETH but not yet approved and then delayed again.

And that's pretty interesting to see with XRP. Although, it's no longer a secret that it is centralized and it's for the regulations. It's likely that we may get the 3rd and then might be followed by any preferred altcoins again by these institutions.

I have no idea to myself if I'd be happy or not with this when we're mostly seeing institutions is like gonna be the dictator of these ETFs from the crypto market.

[xeqoRameshAxueamExaqana]

riple xrp since its inception until now has always been in trouble with sec. so if you submit the authorization is sec, of course it will be difficult and difficult to be accepted to get regulation and enter the market.

[Moreno233]

There have been news of Ripple looking for experts to go for XRP ETFs. Considering the centralized nature of Ripple ecosystem and organization, they can be more specific on meeting the demands for being listed as ETF. They also don't have the issues of POS or unlimited supply like Ethereum. They have in past been considered the 2nd most popular altcoin after Ethereum. Would they win over Ethereum this time to be the 2nd crypto based spot ETF available for trading in US market? Is it going to have a positive impact on the price of XRP? How likely are the chances, what do you think about it?

https://finbold.com/ripple-hiring-etf-expert-whats-next-for-xrp/

Such ETF will not make any single impact in the entire crypto market. This might just be an attempt at seeking attention, a way of cashing in on the wave of Bitcoin ETF and nothing more. I remember when Litecoin experienced halving, it never move the market one pip and I was disappointed; it also made me realize that most of these altcoins do not make much impact in the market. It has always been Bitcoin that will have an impactful fundamental.

Another instance was the launch of Ethereum 2.0 that was hyped and people thought will make any significant impact on the crypto market. We all know how that ended so I will not be surprised if this XRP ETF proposal end up as charade.

[nelson4lov]

There's no way Ripple will get an ETF except the entire ETF process is rigged. Ripple hasn't had any major updates in recent times and although there's been a few updates on their github, it's only minor changes — and that's from only the part of the code that they have made publicly available. The only Crypto that currently comes close to getting an ETF is Ethereum and even at that, it'd be hard for Ethereum to get the chance so Ripple is just far off.

Maybe the Ripple team just wants to give traders and investors something to speculate about because it has been a very long time (since that legal against the SEC) that there's been something worthy of speculating about XRP and Solana has since displaced it.

[o48o]

There have been news of Ripple looking for experts to go for XRP ETFs. Considering the centralized nature of Ripple ecosystem and organization, they can be more specific on meeting the demands for being listed as ETF. They also don't have the issues of POS or unlimited supply like Ethereum. They have in past been considered the 2nd most popular altcoin after Ethereum. Would they win over Ethereum this time to be the 2nd crypto based spot ETF available for trading in US market? Is it going to have a positive impact on the price of XRP? How likely are the chances, what do you think about it?

https://finbold.com/ripple-hiring-etf-expert-whats-next-for-xrp/

I am not sure why it would immediately have positive effect if bitcoin didn't have positive effect. Sure there are more money moving, but there will be more people shorting as well. Traditional markets tend to stabilize prices too.

And while eth might have technically have unlimited supply, but inflation rate wasn't fast and burning rate slowed it significally. It might even go to negative at some point.
But what comes to XRP ETF changes. Sure, it might have a change, but i don't think this is going to be a race with a significant price. If XRP is accepted, it's going to be a signal that many others will too. So it's not really XRP what people see. They see altcoins gettin passed.

[Sophokles]

riple xrp since its inception until now has always been in trouble with sec. so if you submit the authorization is sec, of course it will be difficult and difficult to be accepted to get regulation and enter the market.

Didn't XRP already win that case? I don't think they will have any more trouble from the SEC, but this is not the problem for the approval of the XRP ETF. The trouble is its not yet clear that XRP is commodity or security in the eye of SEC. I don't think there will be any XRP ETF approval, as the SEC isn't aware of the overall effect of the crypto ETF yet. So the approval of Bitcoin and ETH ETF can pave the ground for approval for more crypto ETF projects, but it will take a long time to be true.

[tsaroz]

There have been news of Ripple looking for experts to go for XRP ETFs. Considering the centralized nature of Ripple ecosystem and organization, they can be more specific on meeting the demands for being listed as ETF. They also don't have the issues of POS or unlimited supply like Ethereum. They have in past been considered the 2nd most popular altcoin after Ethereum. Would they win over Ethereum this time to be the 2nd crypto based spot ETF available for trading in US market? Is it going to have a positive impact on the price of XRP? How likely are the chances, what do you think about it?

https://finbold.com/ripple-hiring-etf-expert-whats-next-for-xrp/

The listing of Bitcoin ETF was a huge deal as it was the first time traditional investors were able to include bitcoin to their portfolio without knowing and dealing about it's use.
It would come as no surprise for other crypto being accepted as ETF from SEC as the path have already been paved. Being 2nd or 3rd or 26th don't matter now. The most important thing is how much would the investor be willing to have the ETF on their portfolio. The more they get, the more are the tradeable coins frozen which would lead for easier price movement even for larger coins.

[batang_bitcoin]

It goes now as a pattern from these financial institutions on how they do it. Soon, we might see XLM comes next and the other top altcoins that are popular to these corporations that are interested in applying for an spot etf.  This is making the idea of more money flowing in to the market from all of these possible ETF applications.

[JeffBrad12]

I think it will be difficult path for XRP to take, after all we know how problematic this coin is that it caused the investors to get some uncertainty situation in regard of the coin as well as many losing trust.
i think the second approved ETF for cryptocurrency undeniably would still be ETH despite sec saying to delay this to Q2 of this year but I think its pretty obvious the state of ETH definitely gonna be approved by SEC it just matters of time.
meanwhile XRP, who's gonna file the ETF though i wonder if there's any big company thats willing because ETH and BTC have big companies behind it filing the ETF.
thats the reason they are approved in the first place those companies have histories of being approved of its ETF but with XRP im not so sure.

[Hispo]

To me Ethereum has more chances than XRP to get their own EFT in the market, to be honest. The company behind the coin has already been touched by regulators for alledgely being an unregistered security, those sorts of precedents are only going to make things harder for XRP to get what they want. On the other hand, Ethereum is more decentralized and has more chances to be viewed as a commodity or value than XRP does. Even after the big transition from Proof of Work to Proof of Stake, I believe ETH continues to be decentralized enough to get it before XRP. Just my personal perception of course.

It seems we are getting into a period of time when Bitcoin and alternative currencies are punish harder to reach the general public, though traditional markets and mechanisms, time will tell how effective this will be for this kind of assets to get mainstream.
Keeping in mind of many ridiculous things have happened in the lastest years within the world of cryptocurrency, I would not be surprised if Dogecoin got their EFT before other projects, which are considered to be more serious and relevant when comes to technological innovation.

[malcovi2]

It's crazy to think that there will be even an ETF application for ripple at this time when SEC has been suing XRP and still actively pursuing to Ripple in court. In my opinion there will be no ETF for Ripple unless Gary Gensler would be replaced as the chair of SEC.

[GreatArkansas]

With all that happened recently in XRP, like some regulations issue. I don't think they will get ETF approval as soon as possible.
For me, if they will get approved, for sure it will be in the future, there are other altcoins that is worth to get ETF approval first before this XRP.

[pinggoki]

How do you believe the SEC will approve all altcoins? Even Ethereum is struggling to get approval but still delays dates. In this situation, don't expect any other altcoin to approve ETF. I believe the SEC will probably monitor the market for Bitcoin ETFs. If they feel it is positive for their citizens, they might approve the ETF. Otherwise, don't expect any new ETFs from the SEC. They delayed the ETF until March for ETH, and we have to wait to see the result. After ETH approval, we may see a real-time situation.

It's so unlikely because look at what happened with bitcoin, the submission of the companies that want to do bitcoin ETF was taking so long and at the same time it was grueling especially when the decisions have been deliberated and those decisions were full of delays and declining and appeals and that took a long time, now consider that when it comes to altcoin ETFs that so full of shitcoins that's unlikely to even go up or even maintain it's growth like bitcoin, I do hope though that we get to see an ETH ETF but it shouldn't be something that I should obsess over too much, there's process and it's good that we let it flow.

[btc78]

The ethereum etf has already been delayed by the sec it took them a long time to get bitcoin approved even though bitcoin has proved itself to be trustworthy enough so it does not come as a shock that the sec is delaying ethereum etf despite being only second to bitcoin

If both bitcoin and ethereum takes very long time to be approved, what more for altcoins? Even if altcoins such as ripple are well-known and established in the community the sec still wants to make sure and observe how bitcoin etf will perform before getting in on different altcoins they would still want to maintain credibility after all

There is always a possibility but it would not be that soon

[Promocodeudo]

The ethereum etf has already been delayed by the sec it took them a long time to get bitcoin approved even though bitcoin has proved itself to be trustworthy enough so it does not come as a shock that the sec is delaying ethereum etf despite being only second to bitcoin

If both bitcoin and ethereum takes very long time to be approved, what more for altcoins? Even if altcoins such as ripple are well-known and established in the community the sec still wants to make sure and observe how bitcoin etf will perform before getting in on different altcoins they would still want to maintain credibility after all

There is always a possibility but it would not be that soon

Yeah it took sec to get the approval of Bitcoin etf as you said, looking at the circumstances that prompted this delay, do you see the approval of ethereum taking place soon, to me nothing is impossible but is not as easy as it sound, their are process involved in etf approval despite that bitcoin is rated as best among all other crypto it took time to get it things done this way and again if you look at the approval itself people taught that after etf approval bitcoin will pump very high but since then the price has been fluctuating as usual, this is to say that the approval of ethereum has more time to come.