Ripple and the US Securities and Exchange Commission (SEC) finally reached a settlement in their long-running legal battle, which began in 2020. With the lawsuit now over, there is a huge possibility that a Spot XRP ETF could launch soon, a development that will lead to an increased demand for ETFSwap (ETFS).
Ripple And SEC Settlement To Lead To A Spot XRP ETF
The Ripple and SEC settlement is expected to lead to the launch of a Spot XRP ETF. Bloomberg analyst James Seyffart had earlier this year suggested that a Spot XRP ETF would only launch when the legal battle between Ripple and the SEC ended. With the lawsuit over following Judge Analisa Torres’ judgment, fund issuers will be more confident about applying with the SEC to offer a Spot XRP ETF.
Before now, it was believed that the SEC would unlikely approve a Spot XRP ETF because of the lawsuit against Ripple. However, the court’s ruling has laid to bed any concerns that fund issuers might have about offering a Spot XRP ETF. During the settlement between Ripple and the SEC, Judge Torres reiterated that the altcoin isn’t a security. As such, the SEC can’t claim that the altcoin is a security to reject any potential application for a Spot XRP ETF.
ETFSwap (ETFS) To Benefit From This News
ETFSwap (ETFS) will benefit massively from the launch of a Spot XRP ETF as it will enjoy an increased demand thanks to those looking to invest in the fund through the ETFSwap platform. The decentralized investment platform offers an easier and more straightforward way for investors to invest in these exchange-traded funds (ETFS) by tokenizing them and bringing them on-chain.
As such, when the Spot XRP ETF launches, the trading platform will witness an influx of investors looking to gain exposure to Ripple (XRP) through the tokenized fund. The ETFSwap (ETFS) tokens that these investors have purchased will come in handy as this is what they will convert to the XRP ETF.
Meanwhile, investors do not have to worry about whether a potential XRP ETF will have staking plans since they can still stake their Ripple (XRP) tokens on the ETFSwap platform and earn mouth-watering yields. The trading platform also offers staking for its native ETFS token, with holders earning up to 80% annual percentage yield (APY) on their staked tokens.
ETFSwap (ETFS) offers other exciting ETF trading opportunities. For one, traders can open long and short positions on their preferred ETF and use up to 50x leverage to maximize their gains. Investors can also hold derivative contracts of these ETFs to hedge against their investments in these assets.
Meanwhile, the decentralized trading platform offers 24/7 access to these traditional assets, allowing users to buy, sell, and trade them anytime. This ensures that investors can actively monitor their portfolios and apply the necessary risk management, including selling off their assets to prevent further loss.
ETFSwap (ETFS) boasts an automated portfolio management feature that includes automatic rebalancing, ensuring that an investor’s portfolio always aligns with their risk appetite and investment goals. Additionally, the trading platform has artificial intelligence (AI) tools that provide accurate ETF recommendations and help traders execute more successful trades.
The DeFi platform is well-primed for long-term success as it steals a huge chunk of the market from centralized trading platforms. ETFSwap (ETFS) also has an experienced team that has shown that it has what it takes to take the platform to unprecedented heights. It is worth mentioning that the team was recently verified and certified by Solidproof.
Conclusion
Ahead of the potential launch of a Spot XRP ETF, investors are already accumulating as much ETFSwap (ETFS) as possible. Analysts predict that the launch of this ETF is another factor that could easily cause the crypto token to enjoy a 100x price gain from its current price of
$0.01831.
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