It is expected to announce the final decision of SEC in October XRP ETF applications continue to feed the excitement in Altcoin. Dom Kwok, the founding partner of Easya, made remarkable determinations, claiming that the biggest fund entry of history to the crypto currency market if the stock market investment products are approved.
EYE FOR ETF CPU In October
Kwok, Paul Barron PodcastIn his assessment in his assessment, he stressed that XRP has one of the largest investor bases on a global scale. According to him, XRP only Bitcoin in terms of liquidity 
$112,611.17 and Ethereum 
$4,494.23behind. Bitcoin and Ethereum’s high prices make access to individual investors difficult, while XRP’s lower price of new investors ETF He emphasized that he could stand out as an attractive option he can log in to the market.
Kwok also crypto currency He added that many people who do not directly participate in their investments see ETF products as an entry gate to the market. Reminding that only 7 percent of the population holds crypto money around the world, Kwok said that the role of ETFs to increase this rate is critical. ETF analyst Nate Geraci Similarly, XRP ETF‘s will be evaluated in a 60 -day calendar for approval and expects the final decision to be announced in October.
Currently SEC, 21shares, Grayscale, Bitwise, Coinshares And Canary Capital Decisions for the applications made by companies such as postponed to October and the investigation process continues. On 19 October and 24 October Wisdomtree and other ETF applications are expected to announce final decisions. In all Spot XRP ETFs except Franklin Templeton, the decision will come on this calendar.
Future expectations for XRP
Experts predict billions of dollars of entry into the products if the ETFs are approved and opened to transactions. There are three applications for Bitcoin for SECO approval, while more than it is waiting for XRP. Approval for ETFs altcoinis expected to increase the transaction volume. According to some experts, intensive application traffic is an indication of the magnitude of the interest of investor interest.
CME XRP Term TransactionsThe open position (OI) volume exceeded $ 1 billion in a short time. The fact that it reaches this level in just three months reveals that the interest in the market has increased rapidly. In addition, futures -based XRP ETFs have already had more than $ 800 million funds entry. The existing table points out that if the Spot ETFs receive approval, the accumulated request will rapidly turn to Altcoin.
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.
