With the CME XRP futures going live today, attention has again turned to the spot XRP ETFs, which are still pending regulatory approval. However, market expert Nate Geraci predicts that the US SEC will eventually approve these funds, stating that it is only a matter of time. XRP ETFs Only A Matter Of Time In an X post, the president of the ETF Store asserted that Spot XRP ETFs are only a matter of time, while noting that the CME-traded XRP futures are now live. He added that this development means there are CFTC-regulated contracts on XRP. A regulated futures market is significant and increases the likelihood of an XRP ETF approval due to the Grayscale case. In Grayscale’s case against the SEC, the court ruled that the futures and spot markets are similar. As such, the court argued that the SEC cannot reject a spot ETF application on the… Read More at Coingape.com
The post Expert Claims Spot XRP ETFs A ‘Matter Of Time’ As CME Futures Go Live appeared first on CoinGape.
