According to the businessman, the broadcast takes third place in the list, despite the fact that it is the second largest altcoin in market capitalization. Exchange funds based on the XRP can fix the influx of capital at least $ 5 billion in the first month, thereby surpassing ETH-ETF.
He noted that the XRP -based ETF has every chance of getting the US Securities and Exchange Commission (SEC), since Coinbase crypto -rope already offers futures on XRP.
The Chicago Merchant Exchange (CME) also offers regulated futures products on XRP, which has become one of the main reasons why the previous SEC leadership approved ETF on Bitcoin and ether, the entrepreneur emphasized.
At the same time, he admitted that the macroeconomic factors and the current state of the economy will affect the effectiveness of these funds after their launch. Nevertheless, the XRP spare funds, like cryptocurrency itself, have a significant potential for further growth.
Earlier, TEUCRIUM CEO Sal Gilbertie said on the air of the Paul Barron Show program that the international system of banking transfers SWIFT is close to collapse – it can replace the Ripple payment decision and the XRP coin manufactured by the company.
Source: Bits
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