President of The ETF Store believes that the market is not yet prepared for an XRP ETF

Nate Geraci, the head of The ETF Store, recently discussed the potential for an XRP spot exchange-traded fund (ETF) in the market.
During a conversation with Tony Edward on the Thinking Crypto podcast, Geraci expressed his views on the possibility of a Solana or XRP ETF emerging by 2025 and evaluated the likelihood of these cryptocurrency investment products hitting the market.
Geraci pointed out that the introduction of an XRP ETF would require certain milestones to be met. Firstly, it would have to go through a similar approval process as Bitcoin and Ethereum, where their futures are listed on a platform regulated by the Commodity Futures Trading Commission (CFTC).
For example, Geraci mentioned that Solana or XRP futures would need to be traded on the Chicago Mercantile Exchange (CME). Additionally, he highlighted that the U.S. Securities and Exchange Commission (SEC) would require a proven track record and trading history of an ETF listed for XRP.
In essence, Geraci explained that an XRP futures ETF would need to be established first before a spot ETF for XRP could be introduced to the market. Therefore, he predicted that it could take several years for these developments to materialize.
Other ETF experts, including Bloomberg’s James Seyffart, have echoed similar sentiments. Seyffart suggested that the earliest timeline for other crypto ETFs following Ethereum is in 2026.
On the other hand, the co-founder of The ETF Institute proposed an alternative approach for an XRP ETF, which he believed would be faster and more straightforward. He recommended the creation of a clear regulatory framework for cryptocurrencies by the U.S. Congress.
Geraci emphasized the importance of defining securities and commodities within this framework and assigning oversight responsibilities. He mentioned that with such regulations in place, other crypto ETFs could enter the market sooner. However, he expressed doubt about Congress passing these regulations, particularly in an election year.
In conclusion, Geraci expressed his skepticism about the immediate launch of Solana or XRP ETFs, stating, “That’s a long way of saying I don’t expect to see Solana or XRP ETFs come to market anytime soon.”
While Ripple’s CEO, Brad Garlinghouse, believes that an XRP ETF could potentially debut as early as next year, he remains open to the idea, acknowledging the uncertainty surrounding the timeline.
Please note that this article is for informational purposes only and should not be considered financial advice. The opinions expressed are solely those of the author and do not necessarily reflect The Crypto Basic’s stance. Readers are advised to conduct thorough research before making any investment decisions. The Crypto Basic bears no responsibility for any financial losses incurred.