Updated Timeline for XRP and Cardano ETF Approvals
Main Idea
Nate Geraci provides an updated timeline for the potential approval of XRP and Cardano ETFs in the U.S., highlighting regulatory progress and strong market demand as key factors.
Key Points
1. Nate Geraci, president of NovaDius Wealth Management, outlines a revised outlook for XRP and Cardano ETF approvals, noting regulatory progress and standardized listing rules as critical steps.
2. Major exchanges (NYSE, Nasdaq, CBOE) have submitted applications to the SEC for standardized cryptocurrency ETF rules, which could streamline approvals and reduce delays.
3. Over 75 cryptocurrency ETF applications are under SEC review, with Geraci suggesting that standardized rules could lead to multiple altcoin ETF approvals, including XRP and Cardano.
4. Market demand for crypto ETFs is strong, with $26 billion inflows in 2024 ($19B for Bitcoin ETFs, $7B for Ethereum ETFs), indicating investor interest in new products like XRP and Cardano ETFs.
5. Approval probabilities for Cardano and XRP ETFs in 2025 are estimated at 85% and 79%, respectively, with analysts predicting $3B-$8B in potential investments for XRP and Solana ETFs.
Description
Nate Geraci, president of NovaDius Wealth Management, has outlined a revised outlook for when exchange-traded funds (ETFs) based on XRP and Cardano could receive regulatory approval in the United States. His comments arrive as the year draws to a close and interest in the launch of additional cryptocurrency ETFs continues to grow. Regulatory Progress Sets the Stage for Approvals According to Geraci, the approval process for new altcoin ETFs could soon accelerate due to recent developments involv...
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