It took the SEC more than ten years to approve a spot Bitcoin ETF, while XRP ETFs would face even more hurdles than Bitcoin did, analysts tell Cointelegraph.
While there’s a chance that exchange-traded fund (ETF) issuers are looking to offer a spot XRP (XRP) ETF, investors shouldn’t hold their breath for regulator approval “anytime soon,” according to analysts.
Speaking to Cointelegraph, analysts say that an ongoing case from the Securities and Exchange Commission against Ripple and the lack of an approved XRP futures ETF product would severely hurt the chances of a spot XRP ETF approval.
CoinShares’ head of product, Townsend Lansing, explained that an XRP ETF won’t be feasible unless the SEC was forced to or agreed to concede that XRP is not a security.
