Despite the rumors that the SEC has approved an ETF XRP Spot, this is inaccurate. The only new development concerns the leverage of Proshares and the XRP FET, which will start to negotiate on April 30.
We do not know how much these false claims had an impact on the price of XRP today, but they caused a lot of agitation. The false news of crypto has been recently decorated, which could have a negative impact on the confidence of investors.
An ETF XRP US Spot is not yet there
The cryptography industry is full of enthusiasm for an XRP ETF, especially since we started to negotiate in Brazil last week.
However, there is no shortage of excessive people who can arouse and circulate optimistic rumors. The new ETF eventually of proshares has gained approval, but that has no impact on an ETF Spot:
Bitcoin, the first crypto-centric ETF category, obtained an FNB in the long term before a spot. In some respects, the secure approval of an XRP ETF is a positive sign.
The Commission has an imminent deadline to reject or confirm these proposals, and experts believe that approval is very likely. Unfortunately, this does not change reality today.
The price of XRP has been zigzaging in the last 24 hours, with notable withdrawals. It is not fair to pretend that ETF media threshing is the source of all XRP movements; Several circumstances can contribute to the situation.
However, rumors recently had a demonstrable impact on cryptographic markets, even when they are completely false. These blurred claims may have affected XRP.
Confusion does not help to build a stable industry. Even if the false rumors ETF temporarily increases XRP’s performance, this is not a long -term health sign for ecosystems. Disinformation can considerably damage public confidence, especially among retail investors.
For example, Eleanor Terrett commented on these rumors, saying that she “was really fed up with all the big warriors on the keyboard of this community”.
Apparently, she received online hostility for trying to clarify the news decision although it is both correct and a respected source of pro-Crypto journalistic coverage.
ETF Spot vs Futures ETF – What are the differences?
The FNB Spot directly hold XRP tokens, offering investors an exhibition to the real cryptocurrency. These ETFs aim to reflect the market price in real time of XRP. There is therefore a simple correlation between the value of the fund and the cash price of the token.
Currently, ETF SPOT XRP are not approved in the United States. Business applications like Grayscale and Bitwise are under dry examination.
Meanwhile, LEV effect FNB do not hold XRP directly. Instead, they invest in term contracts that speculate on the future price of XRP.
Due to the daily reset of the lever effect, these ETFs may undergo significant volatility and may not be suitable for long -term outfit.
Even if these rumors ETF XRP came from a real misunderstanding, they are always dangerous. In the future, the community must be careful to check its sources and act in good faith to maintain public confidence.
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