As 2024 kicks off with the groundbreaking approval of a Bitcoin spot ETF, crypto analyst Lark Davis, aka โCrypto Lark,โ predicts massive catalysts for the crypto industry this year. ๐โจ
๐ Milestone 2024: Bitcoin Spot ETF Approval
The United States Securities and Exchange Commission (SEC) recently approved the first US-listed exchange-traded fund (ETF) tracking Bitcoin, marking a significant breakthrough after a decade of struggle with the crypto industry. This monumental decision paves the way for transformative developments in the crypto space.
๐จ Crypto Lark Prediction: Ethereum Spot ETF by May 2024
Building on the optimism surrounding Bitcoin spot ETF approval, Crypto Lark speculates that Ethereum spot ETFs could receive approval by May 2024, coinciding with the SECโs first deadline. This anticipation follows the SECโs approval of ETH futures products, signaling a potential shift in how Ethereum is perceived, perhaps as not being a security.
๐ XRP ETF in the cards?
Crypto Lark goes even further, suggesting that an XRP ETF could be on the horizon. The reasoning behind this prediction lies in the landmark Ripple SEC lawsuit ruling, which determined that XRP is not a security. The industry is abuzz as the possibility of an XRP ETF becomes a talking point.
๐ค Whatโs next for crypto ETFs?
Following the launch of Bitcoin spot ETFs, Valkyrie Funds co-founder and chief investment officer Steve McClurg hinted at the potential of Ethereum or XRP exchange-traded funds. While the timing and sequence of these events remains uncertain, the crypto world is eagerly awaiting the next big ETF approval after Bitcoin.
๐ Stay informed, stay ahead of the curve! Follow@ElenaX to get real-time crypto information! ๐๐ก
See original
XRP ETF Predicted by Crypto Analyst as 2024 Aligns with Massive Catalysts
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
XRP
2.4845
+0.92%
Replies 0