XRP ETF filing by Bitwise has sparked crypto community reaction as pundits suggest possible approval after US elections
The update hasn’t stirred much for XRP price amid rising geopolitical tensions.Per theETF, was incorporated on the 30th of September.ETF experts have confirmed the application’s authenticity but noted that it doesn’t effectively mean filing with the U.S. Securities and Exchange Commission .Community reacts to XRP ETF application
For context, most market observers and insiders believe that more regulatory clarity on the sector will emerge after the U.S. elections. “Point being that XRP ETF probably coming at some point…Bitwise just early. Politics clearly matter here in short-term, but I think this is all inevitable over time.”Ripple Labs, the firm behind the XRP token, has been in a legal battle with the SEC since 2020, which has become the most tracked crypto lawsuit.
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