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Cryptopotato

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US Ripple (XRP) ETF Approval Seems Closer After This Development: Details

  • The race to launch the first XRP exchange-traded fund (ETF) in the United States is heating up as Grayscale, Bitwise, and 21Shares compete for approval from the SEC.
  • The chances of an XRP ETF receiving approval in the US before the end of 2025 have risen to 81%, fueling optimism within the Ripple community.
  • Brazil's securities regulator recently approved the world's first spot XRP ETF, causing an increase in the price of XRP.
  • If approved, a spot XRP ETF in the US could have a significant impact on the cryptocurrency industry as it would introduce XRP to a wide range of institutional and retail investors.

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