Discussions are ongoing for XRP ETFs waiting in front of the SEC. Bloomberg’s senior ETF analyst Eric Balchunas, X He clarified the request for XRP ETFs from his account. Balchunas never says “there is no demand for XRP” but Bitcoin 
$111,061.76He stressed that the demand fell naturally as it gets away from. Therefore, compared to Bitcoin ETFs XRP He underlined that the ETFs expect more limited interest. Nate Geraci believes that demand for ETFs may be much higher than expected.
Is the demand for XRP ETFs ignored?
XRP ETFThe demand for a request for their demand was moved to the agenda after the remarkable data released by Chicago -based CME Group. The company reported that the regulated XRP futures transactions product reached $ 1 billion open position (OI) before four months expired. 1 billion dollars of OI performance of the fastest rising term transaction contract brought the record. In addition, futures -based XRP ETFs have exceeded 800 million transactions in a short time.
Head of Novadius Wealth Management Nate Geraci He said the data should not be ignored. According to Geraci, the request for XRP ETFs may be stronger than market experts. The transaction volume caught in the term in a short time indicates that investor interest may increase rapidly. Because ETF When the approval is released, the real request can be much higher than expected.
The probability of approval is seen
Bloomberg analysts had previously announced that the possibility of approved XRP ETFs by the end of the year was extremely high. In this respect, explanations directly affect the direction of the price and the expectations for XRP. Another data that attracts attention among market participants is the leading prediction market platform. Polymarketis seen in. Polymarket users see the possibility of approval for products this year as 82 percent.
$[mcrypto coin=”XRP” currency=”USD”] – Possibility of XRP ETF approvalTherefore, despite the cautious approach of analysts, both term transactions and market data show that XRP ETFs have a strong potential. With the arrival of the table approval, investor strengthens the possibility that the interest of the investor will also turn to crypto currencies outside Bitcoin. The results of the process are closely monitored in terms of the diversification strategies of corporate investors.
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.
