Ripple CEO Brad Garlinghouse has expressed optimism about Canary Capital's recent filing with the U.S. Securities and Exchange Commission (SEC) for a spot XRP Exchange-Traded Fund (ETF). This development has sparked excitement within the XRP community.
Garlinghouse's statement, "It's happening again," suggests a renewed sense of momentum for XRP. The filing is a significant step towards increased adoption and legitimacy for the cryptocurrency.
What does this mean for XRP?
A spot XRP ETF would allow investors to directly invest in XRP, potentially leading to increased demand and price appreciation. This development could also pave the way for other cryptocurrencies to follow suit.
Market Reaction
The news has sent shockwaves through the crypto market, with XRP enthusiasts and investors eagerly anticipating the SEC's decision. A positive outcome could have far-reaching implications for the broader cryptocurrency market.
Stay Up-to-Date
For the latest developments on Canary Capital's filing and XRP's progress, follow reputable crypto news sources.
Sources:
- The Crypto Basic: Ripple CEO Says "It's Happening Again" for XRP
- SEC filing: Canary Capital Spot XRP ETF
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