{"id":562522,"date":"2024-08-08T15:24:37","date_gmt":"2024-08-08T15:24:37","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=562522"},"modified":"2024-08-08T15:20:29","modified_gmt":"2024-08-08T15:20:29","slug":"xrp-etf-speculation-ramps-up-after-sec-lawsuit-is-settled","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/xrp-etf-speculation-ramps-up-after-sec-lawsuit-is-settled","title":{"rendered":"XRP ETF Speculation Ramps Up After SEC Lawsuit Is Settled"},"content":{"rendered":"

Speculation over the possible approval of an XRP ETF (exchange-traded fund) is on the <\/span>rise after a court ruling yesterday on a years-long court battle between Ripple Labs and the Secu<\/span>rities and Exchange Commission (<\/span>SEC<\/span><\/a>).<\/span><\/p>\n

A New York federal judge ordered Ripple Labs to pay a $125 million penalty in the case. Despite this, Ripple executives, along with several <\/span>experts<\/span><\/a>, are labeling the recent development a victory for Ripple given the SEC initially requested a $2 billion settlement. <\/span><\/p>\n

\"Is<\/p>\n

Nate Geraci Asks “Wen XRP ETF?”<\/span><\/h2>\n

The Judge presiding over the case said that Ripple’s programmatic sales of XRP to retail clients through exchanges did not violate federal securities laws. That prompted <\/span>ETF Store President Nate Geraci to include a snippet of the judge’s statement in a post on X<\/a> with the caption “Wen XRP ETF?”<\/span><\/p>\n

Pseudonymous X user JackTheRippler echoed a similar sentiment. “Ripple IPO and XRP ETF are guaranteed now,” he said in a post on X today.<\/span><\/p>\n

Following the settlement, the price of XRP <\/span>soared<\/span><\/a> over 18% in the last 24 hours to trade at $0.6135 as of 9:00 a.m. EST.<\/span><\/p>\n

An ETF Based On XRP “Makes Sense,” Says Brad Garlinghouse<\/span><\/h2>\n

Prior to Ripple Labs being ordered to pay a $125 million penalty, analysts were already speculating whether an XRP ETF would be the next product to launch after similar investment products based on Ethereum were listed in July. <\/span><\/p>\n

With greater legal clarity now, the token might have an edge over other altcoins.<\/span><\/p>\n

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🚨 BREAKING: RIPPLE & BLACKROCK CREATING $XRP<\/a> ETF !?! CEO DROPS A BOMBSHELL ON BLOOMBERG CRYPTO🚨📈<\/p>\n

Ripple CEO, Brad Garlinghouse, hints at a game-changing connection between BlackRock and Ripple launching an XRP ETF in the USA 🇺🇸 … <\/p>\n

Stating: “I think it makes sense for the… pic.twitter.com\/MyC6R2Ld78<\/a><\/p>\n

— Good Morning Crypto (@AbsGMCrypto) February 20, 2024<\/a><\/p><\/blockquote>\n