"Ripple Appeal Withdrawal Opens Possibility For XRP ETF… BlackRock May Also Take Interest"

Nate Geraci, the CEO of the American ETF specialized company ETF Store, evaluated that Ripple's withdrawal from the appeal to the United States Securities and Exchange Commission (SEC) has given a ‘green light’ to the launch of the XRP Spot ETF.

On the 28th (local time), he mentioned on his social media that “Ripple has significantly resolved the regulatory uncertainty regarding XRP by ending the appeal process with the SEC,” and “The legal foundation necessary for the launch of the XRP Spot ETF is now in place.”

Geraci added, “If the lawsuit issue is neatly resolved, major asset management companies like BlackRock also have room to enter the XRP Spot ETF market.”

The legal dispute between the SEC and Ripple has been an obstacle to the promotion of the XRP ETF so far, and with the recent withdrawal of the appeal, the case has been officially concluded, increasing the likelihood that related discussions will rapidly gain momentum. In the market, expectations are also rising that XRP could emerge as the next candidate following the Bitcoin and Ethereum Spot ETFs.