Attorney Jeremy Hogan Predicts XRP Lawsuit Likely to Settle Before ETF Approval
Since Bitcoin and Ethereum lead the charge with a blob ETF, XRP may be the next cryptocurrency to follow. As institutional interests increase and more asset managers submit ETF applications, the buzz around XRP ETFs is intensifying. The emergence of new SEC leadership may impact the approval process.
Although no official timetable has been set, there are rumors that XRP’s ETF can be approved by the end of 2024 or early 2025, especially with SEC chairman Paul Atkins, a Crypto-friendly SEC chairman under the Trump administration ). His return could pave the way for a more favorable regulatory environment for digital assets.
The XRP ETF’s timeline depends on regulatory factors, especially the position of the SEC under its new leadership. While some hope to launch in 2024, others speculate that the approval may be available in early 2025. However, attorney Jeremy Hogan suggested that ongoing legal cases involving XRP could be resolved before the SEC approves any ETF. He also wrote: “Not because it has to be done in that order, but because the ETF only takes longer to dot i and cross T.”
After years of regulatory disputes, XRP’s massive market capitalization and legal prospects have shifted, making it a strong candidate for ETF approval. Major companies such as Bitwise, Canary Capital, 21shares and Wisdomtree have filed applications to the XRP ETF in recent months, indicating that institutional optimism is growing.
Historically, the approval of ETFs has led to price rally, and the price of Bitcoin rose after its futures ETF was launched. Experts predict that XRP ETFs may inspire a similar surge in demand, bringing new liquidity and potentially increasing the value of XRP.
