There are ongoing conversations about how XRP might finally get a shot at a U.S.-based ETF, which got me thinking: would it really make a difference for XRP?
Of course, Ripple's CEO-Brad Garlinghouse, looks pretty sure, even though Ripple has been in that legal fight with the SEC for what feels like an eternity. It is tough, but they have that whole "eventually" mindset going.
The thing is, Grayscale's push to convert its fund includes Bitcoin and Ethereum, which are already converted, so it does seem plausible that XRP would join their ranks. But "plausible" is not the same as "guaranteed." People are excited, but that does not eradicate the challenges. The SEC has not exactly been friendly to XRP for some time, and we all know how fast regulations can flip. And even if this happens, it might not be the golden ticket everyone's hoping for.
Then, of course, there's Canary Capital with their Litecoin ETF.
Litecoin is stable, but it's number 26 in market cap. If Canary is banking on institutional investors swooping in, then perhaps there is a case for them.
But, much as one would like to believe in it, cryptos such as Litecoin or even XRP getting their own ETFs does not quite suggest overnight success. Regulation is still messy, and though optimism can be felt, it's hard to get fully on board until the ink is dry.
Just My Opinions