Sorry XRP Army: Spot XRP ETF 'won't happen anytime soon,' analysts say

He took THE SECOND more that ten years has approve A place Bitcoin ETFs, while XRP AND F would be confront even more obstacles that Bitcoin did, analysts say Cointelegraph.

Speaking has Cointelegraph, analysts say that A in progress case Since THE Securities And Exchange Commission against Ripple And THE lack of A approved XRP eventually ETFs product would be seriously hurt THE odds of A place XRP ETFs approval.

CoinShares' head of product, Townsend Lansing, explain that A XRP ETFs won't be feasible unless THE SECOND was strength has Or agreed has grant that XRP East not A security.

In July, THE judge In THE DRY suit against Ripple governed that XRP as A token is not it A security but he East When sold has institutional buyers. THE struggle between THE two East in progress And A trial In THE case East program For April 23.

Van Buren Capital general partner Scott Johnson said he Also see THE probability as "very thin" And would be likely require new direction has THE SECOND. Others, such as Coin Shares research analyst Max. Shannon, sharp out he took on A decade has approve A place Bitcoin ETF.

Earlier This month, Bloomberg ETFs analyst James Seyffart sharing little trust In A imminent XRP ETFs. In A interview with Thought Cryptocurrencies Tony Edward on Jan. 11, Seyffart said THE ETFs was A "remote possibility" And doesn't think he would be arrive This year given THE DRY in progress case against Ripple.

Seyffart Also note that, contrary to Bitcoin And Ethereum, there are Currently No approved XRP eventually ETFs...