- Will there be ETF XRP demand?
- Blackrock and Fidelity remain on the sidelines
Cryptocurrency analyst and observer of the Adriano Feria industry has provided Those funds quoted in spots exchange will mark “the beginning of the end” for the token XRP linked to wave.
Fair is convinced that the launch of these products will reveal that there is no real institutional demand for XRP.
Will there be ETF XRP demand?
Some analysts are optimistic about the future performance of the ETF XRP still to be approved based on the success of the regulated future of CME Group that track the price of the token linked to waves.
As reported by U.TODAY, they are derivatives that trade with Behemoth’s fastest contract to exceed $ 1 billion in open interests (OI).
During a recent one interviewThe CEO of Canary Capital, Steven McClurg, predicted that the ETF XRP could attract $ 5 billion in tickets during the first month. He argues that XRP is the second best known cryptocurrency in Wall Street circles (only behind Bitcoin).
Blackrock and Fidelity remain on the sidelines
According to reports, Blackrock has confirmed that it has no intention of launching an XRP ETF, which could be a potentially worrying signal for the Token.
The Ishares Bitcoin Trust ETF (BTC) and the ETF of Ishares Ethereum Trust (ETHA) represent the lion part of all entries recorded by the ETF of Bitcoin and Ethereum.
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Fidelity, the second largest player in the ETF sector of cryptocurrencies, has also refrained from requesting an ETF XRP despite requesting one based on Solana.
Even so, there are a total of 15 ETF XRP applications pending a series of smaller players.
