The cryptocurrency XRP may launch an exchange-traded fund (ETF) this year and the application could be submitted as early as the next few months. Cryptocurrency expert Ben Armstrong hinted at the forthcoming XRP ETF in a video, stating that the application for the ETF could be submitted in April based on insider information and that the SEC's lawsuit against Ripple is also planned to end. Armstrong further stated that BlackRock, the world's largest asset management company and a leading manager of Bitcoin ETFs, will be the first to launch an XRP ETF.
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XRP ETF application could be filed in April and could launch before year-end
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Why is XRP price up today?
Key factors driving XRP's price upward today are hopes of spot XRP exchange-traded funds in the U.S. and increased accumulation by whales.
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