Some crypto market analysts have weighed in on what must happen before the Securities and Exchange Commission (SEC) can approve a Spot XRP ETF. Calls for this kind of investment fund have become louder since the Commission approved the Spot Bitcoin ETFs.

An XRP ETF Isn’t Feasible Until This Happens

Sharing his opinion with Cointelegraph, CoinShares’ head of product, Townsend Lansing has mentioned that an XRP ETF was unlikely until the SEC agreed that XRP wasn’t a security. Van Buren Capital general partner Scott Johnsson also told the media outlet that the likelihood of the Commission approving this kind of fund was “very slim.” 

In his opinion, Gary Gensler will need to be replaced before the SEC can approve an XRP ETF. CoinShares research analyst Max Shannon also thinks that it could take a long time before an XRP ETF is introduced, considering how long it took for Spot Bitcoin ETFs to be approved. 

Bloomberg analyst James Seyffart also recently commented on whether an XRP ETF could launch soon. Then, he stated that he didn’t see this happening this year. He further highlighted the SEC’s case against Ripple as one of the reasons for his position. He believes th

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Author: Scott Matherson

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