On Thursday, asset manager Grayscale announced the striking news that it will be launching its own XRP Trust, rekindling hopes for an XRP exchange-traded fund (ETF) that had long seemed extinguished. Renowned crypto expert Blair Campbell shared her views on X on when we can expect the first XRP ETF.
According to Campbell, the first XRP ETF listed in the United States (US) could receive approval within four to eight months.
Trust vs. ETF: What’s the Difference?
It’s important to note that Grayscale’s XRP Trust is not an ETF. Trusts are intended for accredited investors only and are subject to less stringent regulations. They offer this group of investors a regulated way to benefit from XRP’s potential without having to purchase tokens outright.
ETFs, on the other hand, are generally seen as more bullish for the underlying assets because they are accessible to retail investors. However, the approval process for ETFs is stricter and more complex.
An XRP ETF is realistic
It’s no surprise that rumors of an XRP ETF are resurfacing. Grayscale previously converted Bitcoin (BTC) and Ethereum (ETH) Trusts into ETFs after the U.S. Securities and Exchange Commission (SEC) gave the green light.
Solana vs. XRP: Who Wins the Race to an ETF?
According to Campbell, it is notable that XRP, rather than Solana (SOL), will likely get its own ETF first. The approval process for a Solana ETF is facing several obstacles at the SEC, which has doubts about Solana’s classification as a security. XRP has since received more clarity on this, after Judge Analisa Torres ruled in July 2023 that the sale of XRP on exchanges does not fall under securities laws.
Source: https://newsbit.nl/ripple-etf-op-komst-expert-voorspelt-goedkeuring-binnen-4-8-maanden/
