The US Securities and Stock Exchange Commission (SEC) added the application for the XRP Stock Exchange Investment Fund (ETF) by Grayscale to the Federal Register. This development shows that the application is officially included in the examination process. It is stated that the investigation process may last 240 days, while the opinions of investors and market experts will be taken.
Grayscale’s XRP ETF application is evaluated
The SEC included Grayscale’s XRP ETF application in the official review process. In the first place, the public interpretation process will continue for 21 days. Investors and market experts will be able to express opinions on possible effects.
During the evaluation phase of the application, issues such as market risk, investor protection mechanisms and legal compliance will be examined. In particular, the prominent regulatory concerns in the previous ETF decisions will be a critical element for this application. Although SEC’s attitude towards crypto currency ETFs recently has become more moderate, uncertainties on the legal status of XRP may affect the process.
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The SEC is not limited to Grayscale’s application, but also evaluates other XRP ETF applications by Coinshares, Canary and Wisdomtree. This shows that a wider examination process for regulation processes throughout the market is functioning.
XRP price and market expectations
The inclusion of the XRP ETF application in the official process created a positive expectation in the crypto currency market. Analysts predict that a larger rise movement may begin, especially if the $ 3 level is exceeded. Looking at the previous price movements of XRP, it is seen that investors pay attention to the psychological resistance points.
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$2.69 The proceedings between the proceedings are among the factors that directly affect XRP price movements. Investors believe that if legal uncertainties are removed, XRP can gain a stronger momentum. On the other hand, some market analysts say they observed sudden rise and harsh decreases in previous price movements of XRP. For this reason, investors continue to focus on technical levels and market trends.
Azura CEO Jackson Denka emphasizes that the long -term sustainability of XRP is only possible with real adoption and development of Blockchain technology. While market players closely follow the developments in the ETF process, investor sensitivity and regulation processes will play a critical role in pricing.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
