XRP ETF approval could transform crypto markets, with legal battles and regulatory shifts determining its fate by mid-2025, says Jeremy Hogan. The possible approval of an Exchange-Traded Fund (ETF) based on XRP has attracted considerable interest in the changing regulatory environment for cryptocurrencies.
Jeremy Hogan, a pro-XRP lawyer, has offered insights into the potential timing for such an approval, speculating that it would take place by the middle of 2025. This prediction is strongly related to general regulatory trends and the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC).
XRP ETF Approval
The SEC filed a complaint against Ripple Labs in December 2020, claiming that the business sold XRP in unregistered securities offerings. This legal dispute has shaped XRP's regulatory landscape and has important ramifications for its future, including the possibility of an ETF being approved.
Attorney Fred Rispoli has provided a thorough schedule for the appeals process in the SEC v. Ripple lawsuit. Rispoli stated that the SEC's appeal brief is anticipated to be submitted by December 2, 2024, but a 30-day extension might stretch it to early January 2025. It is expected that Ripple will submit a cross-appeal at around the same time.
If extensions are granted, opposition papers would probably be required by March 2025 after opening briefs are submitted. A final decision from the Second Circuit Court of Appeals is anticipated no earlier than January 2026, and oral arguments may then be planned for September to October 2025.
XRP ETF Prediction
Jeremy Hogan has underlined that the outcome of the SEC's appeal will have a significant impact on when an XRP ETF is approved. According to him, it typically takes six to twelve months for an ETF to be approved. Accordingly, a decision on an XRP ETF application might be anticipated by mid-2025 if the SEC's appeal goes as planned. Hogan says, "We are probably looking at some time next summer, assuming things go as expected with the appeal."
XRP ETF Momentum
Legal professionals are not the only ones who are interested in XRP-based ETFs. Bitwise Asset Management submitted a request to the SEC in October 2024 to introduce an XRP ETF. The application shows Bitwise's faith in XRP's potential while acknowledging the SEC's action against Ripple as a major risk factor.
According to Bitwise's Chief Investment Officer, Matt Hougan, the company's submission shows that it believes there is a reasonable chance of acceptance. He emphasized the technological underpinnings and robust community backing of XRP as important elements propelling the application.
Other companies, such as Canary Capital and 21Shares, have also applied for XRP-based ETFs, following Bitwise's example. The increasing legitimacy of XRP from the perspective of conventional financial institutions is highlighted by this expanding institutional interest.
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XRP ETF Effect
Investors and the larger cryptocurrency market would be significantly impacted if an XRP ETF were approved. An ETF provides investors with a controlled and convenient way to get exposed to XRP without having to buy and hold the cryptocurrency directly. For XRP, this may result in more liquidity and market stability.
In the past, the introduction of ETFs based on cryptocurrencies has benefited the underlying assets. For example, ETH's value and use skyrocketed once Ethereum ETFs were approved. Similar results may be expected for XRP, which might see a large price increase and increased interest from institutional and individual investors.
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Final Thoughts
According to Jeremy Hogan, the approval of an XRP ETF in the middle of 2025 is dependent on several variables, chief among them the outcome of the SEC's appeal in the Ripple case and any changes in the regulatory landscape. Although there are several obstacles in the way of approval, there is cause for cautious optimism due to the rising institutional interest and possible regulatory adjustments. To navigate the changing environment of XRP-based investment opportunities, investors and market players should keep a careful eye on regulatory signals and legal developments.
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