A prominent figure in the XRP community, @XRPcryptowolf, has gone to X/Twitter to discuss the timing of the XRP ETF launch and what he believes will be the spark for the next XRP bull run.
Following the SEC’s approval of the spot Bitcoin exchange-traded fund in mid-January, the cryptocurrency community started to look forward to the introduction of an Ethereum-based spot ETF. Some even started discussing the possibility of an XRP spot ETF.
Nevertheless, it appears that neither will be released anytime soon.
Ethereum spot ETF verdict delayed; no XRP ETF expected this year
The SEC regulator postponed last week’s judgement regarding Ethereum ETFs on the spot for the massive BlackRock and Grayscale companies. The latter plans to do the same with Ethereum Trust as it just did with Bitcoin Trust, turning it into a spot-based ETF.
According to the aforementioned Twitter user @XRPcryptowolf, who has 319,500 followers on this well-known platform, it seems improbable that an XRP ETF would be authorised this year for the cryptocurrency community. Furthermore, not even Ripple Labs, the authorised market distributor of XRP, has submitted an application for it.
https://x.com/XRPcryptowolf/status/1751928892233765083?s=20
The well-known member of the XRP community remarked that an XRP ETF being released this year “would be way too soon,” pointing out that it took the Bitcoin ETF several years to receive regulatory permission. For many years, Grayscale has been attempting to achieve that. As a result, according to @XRPcryptowolf, there will most likely be another catalyst for the anticipated XRP bull run that the community anticipates happening shortly.
Ripple transfers millions of XRP to exchange
The cryptocurrency tracker Whale Alert has revealed that a substantial amount of XRP was moved from an unknown wallet to the well-known exchange Bitstamp earlier today.
A total of 27,700,000 XRP, valued at $14,482,315, were deposited. Most commenters on the page think this is a whiny whale selling their XRP hoard out of impatience and with “paper hands.”
https://x.com/whale_alert/status/1751702263339294966?s=20
Nonetheless, the sender address is connected to Ripple, according to the transfer information made public by the Bithomp site. Although the motives for this XRP transfer are yet unknown, they occur on a weekly basis. Frequently, a comparable quantity of XRP is sent to Bitso, a sizable cryptocurrency exchange located in Mexico.
