Finance author Linda P. Jones has disputed claims that demand for XRP Spot Trade Traded Funds (ETFs) can be minimal if the U.S. Securities and Trade Fee (SEC) approves them.
Jones, who has in depth expertise within the monetary sector, argues that monetary companies are submitting for XRP ETFs with the SEC exactly as a result of they anticipate sturdy demand. He stated that XRP is the biggest U.S.-based cryptocurrency and will even profit from preferential tax remedy sooner or later.
Drawing on his profession at a serious Wall Avenue agency, Jones defined that new monetary merchandise like ETFs are launched solely when companies anticipate to draw capital and make income:
“A brand new monetary product like an ETF is launched with the expectation that it’ll increase cash and improve the agency’s profitability by incomes commissions. The concept there is no such thing as a demand for XRP or that it’ll not be bought is ridiculous.”
Jones additionally famous that till now, traders have had restricted choices within the crypto ETF house, with solely Bitcoin (BTC) and Ethereum (ETH) ETFs. Jones believes traders will naturally diversify their holdings to incorporate XRP, particularly if potential tax incentives emerge. Moreover, Jones pointed to President Donald Trump’s current point out of XRP as a part of his “Digital Asset Inventory,” an element that might improve legitimacy and investor curiosity.
*This isn’t funding recommendation.
