A Sign of Spot ETF Approval Coming Soon?
The post A Sign of Spot ETF Approval Coming Soon? appeared on BitcoinEthereumNews.com.
An expert has predicted that the approval of the first-ever XRP futures exchange-traded fund (ETF) will pave the way for a spot ETF. He believes this could potentially channel $100 billion into XRP (XRP). This prediction comes after the US Securities and Exchange Commission (SEC) approved ProShares’ XRP futures ETF. XRP Futures ETF Approved: Is a Spot ETF Next? According to the official filing, ProShares will launch three futures-based ETFs: the Ultra XRP ETF, the Short XRP ETF, and the Ultra Short XRP ETF. These will begin trading on April 30. This development follows the launch of Teucrium’s 2x Long Daily XRP ETF in early April. While not a spot ETF, the approval has sparked optimism among XRP investors. Industry expert Armando Pantoja forecasts the move could lead to substantial capital inflow into the altcoin. “A spot XRP ETF could be next, unlocking real demand and sending prices soaring. $100 billion+ could soon flood into XRP,” he wrote. Pantoja stressed that the approval marks a significant turning point for cryptocurrency, as it now attracts substantial attention from Wall Street and institutional investors. With this move, XRP gains a regulated and accessible avenue for major financial players to engage with the asset. This development broadens XRP’s investor base. Furthermore, it affirms its mainstream legitimacy, positioning it within what he called the “elite league” of financial assets. The analyst also drew parallels between XRP and the trajectories of Bitcoin (BTC) and Ethereum (ETH). He noted that futures ETFs were approved first for both cryptocurrencies, followed by spot ETFs. For instance, Bitcoin’s spot ETF was approved in 2024, three years after ProShares launched the first Bitcoin futures ETF in 2021. Now, XRP seems to be following the same path. Pantoja predicted that the approval of a spot XRP ETF could have a major…
