The major American cryptographic exchange, Kraken, has finally acknowledged the permanent patience of XRP holders in the recent movements of XRP ETF.
Following the submission of the GraysCale Investment to convert XRP Trust into a spot Excounded Trade Fund (ETF), Kraken took X to praise XRP supporters.
Kraken responds when GraysCale tries to launch XRP ETF
In the post, kraken Acknowledged The patience of XRP holders share the image of a dog that relaxes in the sun in a calm environment. The exchange suggested that long -term XRP investors are finally approaching the release of ETF.
This post attacked the chord with the XRP community. XRP lawyers and former Massachusetts Senate, John Deton, said that long -term holders who had been waiting for seven to eight years had a optimistic moment.
People have been detained for 7-8 years. They are worth some sunshine. https://t.co/e8hu24xyfh
-John EDETON1 (@Johnedeaton1) January 30, 2025
In particular, GraysCale’s recent filing represents a large Mile Stone of XRP. As It has been reported NYSE ARCA introduced by Crypto Basic on January 30th this morning. Submission The US SEC is trying to convert the GRAYSCALE XRP Trust into a spot ETF.
The timing of these developments match the remarkable changes in SEC leadership. The new encryption SEC led to the speculation that submission of XRP ETF could be promptly approved during hold.
XRPETF approached?
In addition to optimism, Chicago Marcantile Exchange (CME) Carefully triggered Discussion on potential release of XRP futures contract. CME’s website betting page briefly displays information that suggests that XRP and SOLANA (SOL) futures contracts are scheduled to be released on February 10.
CME later responded to the case and posted information unintentionally on the test version of the website. The company has revealed that the beta environment contains a variety of place holder content and confirmed that it did not make an official decision on the launch of the XRP or Solana futures agreement.
Despite clarification, this case promoted speculation in the community. Bloomberg ETF analyst James Seifato is mentioned I mentioned earlier The introduction of futures contracts must be the release of ETF, as it is observed in Bitcoin and Ethereum.
In particular, the momentum of XRP ETF has been built since the fourth quarter of 2024. October 2024, Bitwise Submission S-1 registration statement with SEC.
Suit, 21 share Submission In November 2024, submit the core of XRP Trust and Wisdomtree input Conflictive struggle His own Application for December 2024.
At the same time, the legal atmosphere around the XRP has a great development. The long -term litigation between Ripple Labs and SEC is the focus of the cryptographic industry. Appeal Phase。
In particular, in this case, the XRP itself has been established, so no objection to XRP security status. It is presumed that a new SEC leadership is introduced, which may remove the prolonged legal uncertainty via XRP.
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