{"id":569117,"date":"2024-01-11T23:00:01","date_gmt":"2024-01-11T23:00:01","guid":{"rendered":"https:\/\/wncen.com\/?p=569117"},"modified":"2024-06-11T08:13:49","modified_gmt":"2024-06-11T08:13:49","slug":"valkyrie-exec-xrp-etf-price-100","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/valkyrie-exec-xrp-etf-price-100\/","title":{"rendered":"Valkyrie Exec Expects SEC To Approve XRP ETF, Can This Push Price To $100?"},"content":{"rendered":"

With the advent of Spot Bitcoin ETFs which were approved by the United States Securities and Exchange Commission (SEC) on Wednesday, crypto investors have quickly turned their attention to the next big thing which might be XRP ETFs<\/a>. This is picking up steam as Steve McClurg, Chief Investment Officer (CIO) for Valkyrie<\/a>, has lent his voice to the cause.<\/p>\n

Valkyrie Exec Says XRP ETF Could Be Next<\/h2>\n

In an interview<\/a> with Bloomberg, McClurg reveals that with the approval of Spot Bitcoin ETFs, the expectation is that altcoins will soon follow the same path. He explains that attention could be turned to Ethereum, which is currently the second-largest cryptocurrency in the space. McClurg figures that a lot of filings are going to be submitted for Ethereum ETFs<\/a> after this.<\/p>\n

Related Reading: Coinbase Expects A Repeat Of 2018-2022 Bitcoin Cycle, What This Means For Crypto<\/a><\/div>\n

Beyond the expected ETF filings for Ethereum, the Valkyrie CIO mentions that the likes of Ripple\u2019s XRP could be the next in line to get approved for an ETF. \u201cIt wouldn\u2019t surprise me if we saw Ripple or Ethereum spot ETFs out there,\u201d McClurg said during the interview.<\/p>\n

Although McClurg showed optimism regarding a possible XRP ETF, he revealed that there was no indication of whether Valkyrie was going to get involved in it or not. Valkyrie<\/a>, who has been heavily involved in Bitcoin and Ethereum ETFs<\/a>, has not shown any interest in the altcoin so far.<\/p>\n

However, the CIO explained that crypto can be incredibly unpredictable. Given this, it is impossible to know where the market will end up swinging and what asset managers will take an interest in next.<\/p>\n

\"XRP<\/p>\n

Token price resumes price rally | Source: XRPUSD On Tradingview.com<\/a><\/pre>\n
ETF Talks For Altcoins Heat Up<\/h2>\n
The discussions for a possible XRP ETF are not new, especially as the arguments for Bitcoin Spot ETFs heated up. As a result, crypto researcher, ABS, who is part of the 3T Warrior Academy gave a rundown of what the impact of a possible XRP ETF would be<\/a>.<\/p>\n
ABS explains that this could give rise to more interest from institutional investors as they could easily gain exposure to the asset with an ETF. Additionally, it would also propel XRP into the mainstream as marketing would take off. This would obviously increase interest around the world, and finally, XRP ETF would give the crypto a liquidity life-off.<\/p>\n
Related Reading: Crypto Analyst Identifies XRP Bear Flag To Trigger A Massive Crash To $0.07<\/a><\/div>\n
The effect that an ETF would have on the price of the asset can be gauged by what happened in November when rumors emerged that BlackRock had applied for an XRP ETF<\/a>. As the rumor spread, the XRP price surged rapidly, before correcting back downward once the rumors were dispelled.<\/p>\n
Nevertheless, this performance from the altcoin showed the readiness of the market for an XRP ETF. In the case of the altcoin\u2019s price<\/a> reaching as high as $100<\/a>, it is likely not happening in the next few years. However, there is no doubt that the approval of an XRP spot ETF would help propel it faster toward this goal.<\/p>\n
Follow Best Owie on X (formerly Twitter)<\/a> for market insights, updates, and the occasional funny tweet\u2026 Featured image from Coinmarketcap, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
With the advent of Spot Bitcoin ETFs which were approved by the United States Securities and Exchange Commission (SEC) on Wednesday, crypto investors have quickly turned their attention to the next big thing which might be XRP ETFs. This is picking up steam as Steve McClurg, Chief Investment Officer (CIO) for Valkyrie, has lent his voice to the cause. Valkyrie Exec Says XRP ETF Could Be Next In an interview with Bloomberg, McClurg reveals that with the approval of Spot Bitcoin ETFs, the expectation is that altcoins will soon follow the same path. He explains that attention could be turned to Ethereum, which is currently the second-largest cryptocurrency in the space. McClurg figures that a lot of filings are going to be submitted for Ethereum ETFs after this. Related Reading: Coinbase Expects A Repeat Of 2018-2022 Bitcoin Cycle, What This Means For Crypto Beyond the expected ETF filings for Ethereum, the Valkyrie CIO mentions that the likes of Ripple\u2019s XRP could be the next in line to get approved for an ETF. \u201cIt wouldn\u2019t surprise me if we saw Ripple or Ethereum spot ETFs out there,\u201d McClurg said during the interview. Although McClurg showed optimism regarding a possible XRP ETF, he revealed that there was no indication of whether Valkyrie was going to get involved in it or not. Valkyrie, who has been heavily involved in Bitcoin and Ethereum ETFs, has not shown any interest in the altcoin so far. However, the CIO explained that crypto can be incredibly unpredictable. Given this, it is impossible to know where the market will end up swinging and what asset managers will take an interest in next. Token price resumes price rally | Source: XRPUSD On Tradingview.com ETF Talks For Altcoins Heat Up The discussions for a possible XRP ETF are not new, especially as the arguments for Bitcoin Spot ETFs heated up. As a result, crypto researcher, ABS, who is part of the 3T Warrior Academy gave a rundown of what the impact of a possible XRP ETF would be. ABS explains that this could give rise to more interest from institutional investors as they could easily gain exposure to the asset with an ETF. Additionally, it would also propel XRP into the mainstream as marketing would take off. This would obviously increase interest around the world, and finally, XRP ETF would give the crypto a liquidity life-off. Related Reading: Crypto Analyst Identifies XRP Bear Flag To Trigger A Massive Crash To $0.07 The effect that an ETF would have on the price of the asset can be gauged by what happened in November when rumors emerged that BlackRock had applied for an XRP ETF. As the rumor spread, the XRP price surged rapidly, before correcting back downward once the rumors were dispelled. Nevertheless, this performance from the altcoin showed the readiness of the market for an XRP ETF. In the case of the altcoin\u2019s price reaching as high as $100, it is likely not happening in the next few years. However, there is no doubt that the approval of an XRP spot ETF would help propel it faster toward this goal. Follow Best Owie on X (formerly Twitter) for market insights, updates, and the occasional funny tweet\u2026 Featured image from Coinmarketcap, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":569122,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[1944,89193,3680,86945,17209,4531,89143,83637,13172,10972,78763],"class_list":["post-569117","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-etf","tag-etf-news","tag-ripple","tag-ripple-ceo","tag-ripple-news","tag-xrp","tag-xrp-etf","tag-xrp-news","tag-xrp-price","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nValkyrie Exec Expects SEC To Approve XRP ETF, Can This Push Price To $100?<\/title>\n<meta name=\"description\" content=\"Crypto investors have quickly turned their 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Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/wncen.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Valkyrie Exec Expects SEC To Approve XRP ETF, Can This Push Price To $100?","url":"http:\/\/wncen.com\/news\/ripple\/valkyrie-exec-xrp-etf-price-100\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple\/valkyrie-exec-xrp-etf-price-100\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/XRP-price-Small.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/XRP-price-Small.jpeg?fit=320%2C240"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["etf","etf news","ripple","ripple ceo","ripple news","xrp","xrp etf","xrp news","xrp price","xrpusd","xrpusdt"],"dateCreated":"2024-01-11T23:00:01Z","datePublished":"2024-01-11T23:00:01Z","dateModified":"2024-06-11T08:13:49Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Valkyrie Exec Expects SEC To Approve XRP ETF, Can This Push Price To $100?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/valkyrie-exec-xrp-etf-price-100\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/valkyrie-exec-xrp-etf-price-100\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/XRP-price-Small.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/XRP-price-Small.jpeg?fit=320%2C240\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"etf\",\"etf news\",\"ripple\",\"ripple ceo\",\"ripple news\",\"xrp\",\"xrp etf\",\"xrp news\",\"xrp price\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2024-01-11T23:00:01Z\",\"datePublished\":\"2024-01-11T23:00:01Z\",\"dateModified\":\"2024-06-11T08:13:49Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/XRP-price-Small.jpeg?fit=320%2C240","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/569117"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=569117"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/569117\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/569122"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=569117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=569117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=569117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}