XRP Ledger’s Dual Utility Could Make It a Breakout ETF Play, Experts Argue

Experts believe that the XRP Ledger's dual functionality of supporting both payments and asset storage uniquely positions it as a strong candidate for a breakout ETF in the cryptocurrency market. Bitnomial CEO Luke Hoersten emphasized this at Ripple's Swell conference, highlighting the advantages of having a single ledger that manages both wealth transfer in XRP and payment solutions through RLUSD. With recent SEC regulations allowing for 'no-delay amendments,' which facilitate quicker ETF launches, such as those filed for XRP, analysts suggest that a spot XRP ETF could become available shortly, possibly by mid-November. Figures from Bitwise and Canary Capital assert that XRP's solid real-world utility and dedicated investor base may contribute to its ETF performing exceptionally well in the coming crypto investment cycle. However, experts caution that while an ETF could drive demand, it does not guarantee a price surge. Overall, XRP is viewed as a potentially significant player in the evolving regulated finance landscape of cryptocurrency.

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