Thursday, July 24, 2025
No Result
View All Result
DOLLAR BITCOIN
Shop
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet
DOLLAR BITCOIN
No Result
View All Result
Home Market & Analysis

Valkyrie Exec Expects SEC To Approve XRP ETF, Can This Push Price To $100?

n70products by n70products
January 13, 2024
in Market & Analysis
0
Valkyrie Exec Expects SEC To Approve XRP ETF, Can This Push Price To $100?
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


With the arrival of Spot Bitcoin ETFs which have been authorised by the USA Securities and Alternate Fee (SEC) on Wednesday, crypto traders have shortly turned their consideration to the subsequent huge factor which is perhaps XRP ETFs. That is choosing up steam as Steve McClurg, Chief Funding Officer (CIO) for Valkyrie, has lent his voice to the trigger.

Valkyrie Exec Says XRP ETF Might Be Subsequent

In an interview with Bloomberg, McClurg reveals that with the approval of Spot Bitcoin ETFs, the expectation is that altcoins will quickly comply with the identical path. He explains that focus may very well be turned to Ethereum, which is at the moment the second-largest cryptocurrency within the house. McClurg figures that plenty of filings are going to be submitted for Ethereum ETFs after this.

Past the anticipated ETF filings for Ethereum, the Valkyrie CIO mentions that the likes of Ripple’s XRP may very well be the subsequent in line to get authorised for an ETF. “It wouldn’t shock me if we noticed Ripple or Ethereum spot ETFs on the market,” McClurg stated in the course of the interview.

Though McClurg confirmed optimism relating to a potential XRP ETF, he revealed that there was no indication of whether or not Valkyrie was going to get entangled in it or not. Valkyrie, who has been heavily involved in Bitcoin and Ethereum ETFs, has not proven any curiosity within the altcoin thus far.

Nevertheless, the CIO defined that crypto could be extremely unpredictable. Given this, it’s not possible to know the place the market will find yourself swinging and what asset managers will take an curiosity in subsequent.

XRP price chart from Tradingview.com (XRP ETF)

Token value resumes value rally | Supply: XRPUSD On Tradingview.com

ETF Talks For Altcoins Warmth Up

The discussions for a potential XRP ETF aren’t new, particularly because the arguments for Bitcoin Spot ETFs heated up. Consequently, crypto researcher, ABS, who’s a part of the 3T Warrior Academy gave a rundown of what the impact of a possible XRP ETF would be.

ABS explains that this might give rise to extra curiosity from institutional traders as they might simply achieve publicity to the asset with an ETF. Moreover, it will additionally propel XRP into the mainstream as advertising and marketing would take off. This might clearly improve curiosity world wide, and eventually, XRP ETF would give the crypto a liquidity life-off.

The impact that an ETF would have on the value of the asset could be gauged by what occurred in November when rumors emerged that BlackRock had applied for an XRP ETF. Because the rumor unfold, the XRP value surged quickly, earlier than correcting again downward as soon as the rumors have been dispelled.

However, this efficiency from the altcoin confirmed the readiness of the marketplace for an XRP ETF. Within the case of the altcoin’s price reaching as high as $100, it’s possible not occurring within the subsequent few years. Nevertheless, there isn’t a doubt that the approval of an XRP spot ETF would assist propel it quicker towards this purpose.

Disclaimer: The article is supplied for academic functions solely. It doesn’t symbolize the opinions of NewsBTC on whether or not to purchase, promote or maintain any investments and naturally investing carries dangers. You’re suggested to conduct your individual analysis earlier than making any funding choices. Use data supplied on this web site fully at your individual threat.



Source link

Tags: ApproveETFexecExpectsPricePushSECValkyrieXRP
Previous Post

Analyst Predicts 100% Rise Against Bitcoin

Next Post

I bought custom lenses for my Meta Quest 3, but not every eyeglass wearer needs them. Do you?

Next Post
I bought custom lenses for my Meta Quest 3, but not every eyeglass wearer needs them. Do you?

I bought custom lenses for my Meta Quest 3, but not every eyeglass wearer needs them. Do you?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Premium Content

Partially Completed Wave 5 Says There’s Still Room To Run

Partially Completed Wave 5 Says There’s Still Room To Run

May 10, 2025
MicroStrategy Stock Hits All-Time High As Bitcoin Breaks $67,000

MicroStrategy Stock Hits All-Time High As Bitcoin Breaks $67,000

October 28, 2024
President Trump Eliminates SAB 121, Allowing Banks To Custody Bitcoin and Crypto Assets

President Trump Eliminates SAB 121, Allowing Banks To Custody Bitcoin and Crypto Assets

January 24, 2025
Cardano (ADA) Under Pressure: Struggles to Reclaim Lost Ground

Cardano (ADA) Under Pressure: Struggles to Reclaim Lost Ground

January 14, 2025
Ethereum Net Taker Volume Signals Huge Selling Pressure – Can Bulls Hold Key Levels?

Ethereum Net Taker Volume Signals Huge Selling Pressure – Can Bulls Hold Key Levels?

March 14, 2025
Spot Bitcoin ETF Poses Existential Threat, Arthur Hayes Warns

Spot Bitcoin ETF Poses Existential Threat, Arthur Hayes Warns

December 25, 2023

Recent Posts

  • Trump’s AI Plan Eases Data Center Rules, Strips Federal DEI Guidelines
  • Buy a MacBook or iPad for school, get a free pair of AirPods – here’s how
  • Ethereum Price Stays Elevated—Bulls Eye Further Upside

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Blog
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

Recommended

Trump’s AI Plan Eases Data Center Rules, Strips Federal DEI Guidelines

Trump’s AI Plan Eases Data Center Rules, Strips Federal DEI Guidelines

July 24, 2025
Buy a MacBook or iPad for school, get a free pair of AirPods – here’s how

Buy a MacBook or iPad for school, get a free pair of AirPods – here’s how

July 24, 2025

© 2023 Dollar-Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet

© 2023 Dollar-Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
💵 Turn Every Dollar Into Crypto Rewards! Wirex lets you spend dollars or bitcoin — and get up to 8% back in crypto instantly. 💸 Exclusive offers dropping soon — stay tuned!
“Offers Launching Soon”
This is default text for notification bar
Learn more
Go to mobile version