XRP, Solana, Cardano ETFs Are Coming! Ripple CEO Predicts Greenlight in 2024

Recent developments for ether ETFs have been surprising, with key filings receiving preliminary approval from the SEC. Final approval is still needed before these ETFs can begin trading. Earlier, Coinpedia reported that Cathie Wood, CEO of ARK Invest, credited the approval to the growing political importance of cryptocurrency.

A Market Surge on the Horizon?

Garlinghouse’s predictions do not stop at ETF approvals. He also expects a significant increase in the overall value of the cryptocurrency market. The Ripple CEO also predicted crypto value would double by the end of 2024, reaching $5 trillion in market cap.

Such a surge would highlight the increasing adoption and investment in cryptocurrencies, making them a key asset class in the global financial system.

The Big Question: Will the SEC Approve in 2024?

The recent approval of Bitcoin and Ethereum ETFs has set a precedent, suggesting that other cryptocurrencies might soon follow. However, the SEC’s strict regulatory framework means that the approval process for XRP, Solana, and Cardano ETFs might still face several challenges.

If the SEC does approve these ETFs, it could have significant implications for the crypto market. This move could further legitimize digital assets and speed up their adoption, making 2024 a potentially transformative year for cryptocurrencies.

Is the SEC finally warming up to crypto ETFs? Weigh in on the discussion.

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