ETF analyst Nate Geracia spot-based company in the USA XRP He predicted that his ETF would be approved this year. Geraci’s claim caused great repercussions in the cryptocurrency world. Ripple $2.5 President Monica Long da XRP vs Bitcoin (BTC) 
$93,857.8 and Ethereum 
$3,240.3He claimed that after (ETH), the next cryptocurrency to receive spot ETF approval would be the cryptocurrency.
Ripple’s XRP and ETF Approval Process
Ripple’s XRP so far spot ETF received many applications for. WisdomTree, Bitwise, Canary Capital And 21Shares Giant companies such as apply in this field US Securities and Exchange CommissionHe did it to (SEC).
As a matter of fact, Ripple CEO Brad Garlinghouse stood out last year by frequently stating that the approval of such a product was inevitable.
On the other hand, giants such as BlackRock are not currently keen on spot ETF products for an altcoin such as XRP. Despite the success of the company with its Bitcoin-based ETF, it is not planned to offer an altcoin-based product such as XRP for now. Despite this, expectations for XRP to receive approval from the SEC are growing stronger.
Can Other Altcoins Overtake XRP?
Geraci also has several SEC solana He predicted that he would also approve the (SOL) based spot ETF. But Bloomberg analyst Eric Balchunasbefore XRP Litecoin 
$102.9 (LTC) or Hedera (HBAR)-based spot ETFs may be approved. Balchunas added that Ripple’s legal process with the SEC increased the uncertainties regarding XRP.
However, with a new cryptocurrency-friendly administration taking office, the SEC is expected to drop the Ripple case. However, such a decision cryptocurrency marketIt may not mean that the person will be given complete freedom. For this reason, the clarity required for XRP’s spot ETF approval has not yet been fully achieved.
In the cryptocurrency market, especially altcoin A spot for XRP in the market ETF Its approval is considered a major milestone. However, in this process where other altcoins are also increasing competition, the issue of approval remains unclear.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
