The SEC-Ripple case is now coming to an end. Last week, Ripple CEO Brad Gralinghouse announced that the SEC would withdraw its objection, and yesterday Ripple withdrew its cross-objection.
Ultimately, the SEC-Ripple lawsuit will result in Ripple paying $50 million. The SEC will keep $50 million, and Ripple will get back $75 million of the $125 million fine it paid after the court ruling.
With the conclusion of the case, all eyes are now on the future of XRP and XRP ETF approval, with Polymarket data showing an 85% chance of an XRP ETF being approved by the end of 2025.
As the probability of approval for the XRP ETF increases, Ripple CEO has raised speculations that BlackRock may apply for an XRP ETF in a recent interview.
Garlinghouse was asked if they were collaborating with BlackRock to launch an XRP ETF. Although the famous CEO did not openly admit a collaboration with BlackRock, he did say, “We think it makes sense for the XRP community for the application to come,” adding to the speculation.
While BlackRock’s application for an XRP ETF is eagerly awaited, leading ETF analyst Nate Geraci claimed that both BlackRock and Fidelity will join the XRP ETF race.
ETF Store founder Nate Geraci stated that he is certain that the XRP ETF will be approved from the X account, and that approval is only a matter of time.
While Nate Geraci’s confidence in the XRP ETF approval stems from the end of the Ripple lawsuit, he argued that BlackRock and Fidelity will not ignore XRP becoming the third largest cryptocurrency and will eventually file an XRP ETF application.
“Ripple case is ending…
I think it’s only a matter of time before spot XRP ETF approval is received.
And yes, I expect BlackRock, Fidelity, etc. to all get involved.
XRP is currently the 3rd largest volatile crypto asset by market cap.
The largest ETF issuers will not ignore this.”
https://twitter.com/NateGeraci/status/1904765629640695867?ref_src=twsrc%5Etfw” rel=”nofollow noopener” target=”_blank
*This is not investment advice.
Continue Reading: SEC-Ripple Case Over: Will BlackRock File an XRP ETF Application? Are They Working with Ripple? Big Claim from ETF Analyst!
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Author: NixCoin
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