XRP ETF Hurdles, Analyst Reveals Key Conditions For Approv

Central to Seyffart’s argument is the prerequisite of an underlying asset. He underscores that an ETF demands a robust asset to anchor its value, and in this case, Ripple’s potential presence on the derivative exchange would bridge this requirement. Seyffart dispels hopes of a Ripple spot ETF gaining traction within the crypto community.

Seyffart’s Analysis Of SEC And XRP ETF

This revelation comes from Seyffart’s earlier observation that the Securities and Exchange Commission (SEC) remains restrained from endorsing a Ripple ETF. Seyffart anchors his stance on the present regulatory infrastructure’s inadequacy to accommodate the nuances of an ETF, a point further emphasized during the podcast.

Seyffart applies a broader lens to the issue, highlighting a persistent tussle that can only be resolved through legislative intervention. He asserts that the regulatory uncertainty will persist unless the US Congress enacts cryptocurrency-specific laws, causing an impasse.

The crux of Seyffart’s proposition lies in regulatory clarity. He contends that well-defined laws about cryptocurrencies would streamline listing Ripple futures on exchanges like CME, paving a more straightforward path toward ultimate SEC ETF approval.

In an intriguing twist, Seyffart brings an unexpected perspective – the demand for an XRP ETF remains minimal. With market interest largely absent, Seyffart notes that ETF issuers lack the impetus to initiate moves toward an XRP ETF.

In essence, Seyffart’s insights provide a comprehensive panorama of the multifaceted aspects that govern the prospects of an XRP ETF. Regulatory amendments, market demand, and strategic steps must converge to transform this prospect from the drawing board to the trading floor.

Related Reading:| Ripple Wins Legal Battle Against a16z Over XRP Status