{"id":26238,"date":"2024-08-08T23:30:41","date_gmt":"2024-08-08T20:30:41","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=26238"},"modified":"2024-08-08T16:41:25","modified_gmt":"2024-08-08T13:41:25","slug":"ripple-sec-case-settled-xrp-etf-rates-rise","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/ripple-sec-case-settled-xrp-etf-rates-rise\/","title":{"rendered":"Ripple SEC Case Settled, XRP ETF Rates Rise"},"content":{"rendered":"<p>The likelihood of XRP ETF applications this year has increased due to the significant legal clarity gained for the token following the conclusion of the Ripple SEC case.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/ripple-sec-case-settled-xrp-etf-rates-rise\/#Ripple_SEC_Case_Resolution_and_Impact\" title=\"Ripple SEC Case Resolution and Impact\">Ripple SEC Case Resolution and Impact<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/ripple-sec-case-settled-xrp-etf-rates-rise\/#Increasing_Speculation_About_XRP_ETF_Approval\" title=\"Increasing Speculation About XRP ETF Approval\">Increasing Speculation About XRP ETF Approval<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/ripple-sec-case-settled-xrp-etf-rates-rise\/#Analyst_Estimates_and_Market_Outlook\" title=\"Analyst Estimates and Market Outlook\">Analyst Estimates and Market Outlook<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Ripple_SEC_Case_Resolution_and_Impact\"><\/span>Ripple SEC Case Resolution and Impact<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The long-running legal dispute between Ripple Labs Inc. and the U.S. Securities and Exchange Commission (SEC) has ended with a final decision on the settlements. This decision could potentially pave the way for the approval of a spot XRP ETF. While Ripple Labs faces a significant fine, the lawsuit provides significant legal clarity for its native token, XRP.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Increasing_Speculation_About_XRP_ETF_Approval\"><\/span>Increasing Speculation About XRP ETF Approval<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The outcome of the case has fueled speculation about the possible approval of an XRP ETF. Bitinning founder Kashif Raza expressed optimism on X (formerly Twitter) about the future of XRP in the ETF market. He said:<\/p>\n<p>\u201cSales of XRP to institutions violated securities laws. Pay a $125 million fine. Sales of XRP to retail did not violate securities laws. Relief to the XRP community\u2026 Expect XRP ETF applications soon.\u201d<\/p>\n<p><a href=\"https:\/\/coinengineer.net\/blog\/ripple-vs-sec-case-has-been-partially-ended\/\"><em>You may also be interested in: Ripple SEC Lawsuit Has Been Partially Ended<\/em><\/a><\/p>\n<p>ETF Store President Nate Geraci echoed this sentiment by asking the question \u201cWhat about XRP ETF?\u201d regarding X. He emphasized the importance of Judge Torres\u2019 decision, emphasizing that Ripple\u2019s programmatic sales of XRP to retail customers through exchanges did not violate federal securities laws.<\/p>\n<p>This decision provides XRP with legal clarity that many other altcoins lack, thus increasing the chances of an XRP ETF application. Earlier this year, after the SEC approved Spot Ethereum ETFs, analysts began speculating about the possibility of ETFs for other altcoins, including XRP. Geoffrey Kendrick, an analyst at Standard Chartered Bank, was quite outspoken about this possibility.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Analyst_Estimates_and_Market_Outlook\"><\/span>Analyst Estimates and Market Outlook<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Geoffrey Kendrick, head of forex and digital assets research at Standard Chartered Bank, offered an optimistic view on the situation. \u201cAs the market looks ahead, it is unlikely that this development will happen in 2024. This is because such an ETF approval would involve several steps. So even if an application is made immediately, the decision could be delayed until next year,\u201d he said.<\/p>\n<p>Kendrick also suggested that the approval of the Ether Spot ETFs shows that the SEC does not view ETH as a security. This logic could also apply to other altcoins such as XRP and Solana, with the possibility of an ETF launch by 2025. Supporting his prediction, VanEck and 21Shares filed for spot Solana ETFs last month.<\/p>\n<p>The end of the Ripple SEC lawsuit has not only provided regulatory clarity for XRP but also increased the possibility of XRP ETF applications. While the market speculates on the potential of these ETFs, the regulatory landscape for cryptocurrency ETFs could see significant improvements in the next few years.<\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The likelihood of XRP ETF applications this year has increased due to the significant legal clarity gained for the token following the conclusion of the Ripple SEC case. Ripple SEC Case Resolution and Impact The long-running legal dispute between Ripple Labs Inc. and the U.S. Securities and Exchange Commission (SEC) has ended with a final<\/p>\n","protected":false},"author":6,"featured_media":12931,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[509,7539,39,506,7747,7748],"class_list":["post-26238","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-ripple","tag-ripple-sec-case","tag-sec","tag-xrp","tag-xrp-sec","tag-xrp-sec-case"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ripple SEC Case Settled, XRP ETF Rates Rise - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/ripple-sec-case-settled-xrp-etf-rates-rise\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ripple SEC Case Settled, XRP ETF Rates Rise - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"The likelihood of XRP ETF applications this year has increased due to the significant legal clarity gained for the token following the conclusion of the Ripple SEC case. 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