XRP is in the news again and there is an important date – 17 June. On this day, the financial watchdog of the US government, the SEC, will make a decision about a new XRP spot ETF. Many analysts believe that this can help the price of XRP push higher.
What happens on June 17?
Recently, several large companies such as Franklin Templeton, Grayscale and 21Shares asked the SEC to give permission to launch XRP ETFs. An ETF is a kind of investment fund that makes it easier for ordinary people and large investors to buy and sell assets such as XRP.
The SEC has three options on June 17 – it can approve the ETF, reject or postpone the decision until a later date. Most experts think that it might be delayed again, but some believe that this time there is a better chance of approval due to recent changes in the leadership of the SEC.
Buy large investors XRP
At the same time, large investors, often called well -being, started buying a lot of XRP. A Chinese company called Webus plans to set up a BIG XRP fund worth $ 300 million. Another company, Hyperscale Data, is planning to buy XRP for $ 10 million to build a crypto credit platform for public companies in the US. This shows that large companies and investors believe in the future of XRP.
More good news for XRP
There is also other positive news for XRP. The Nasdaq Stock Exchange is planning to add XRP to its crypto index later this year. Rumors say that the world’s largest investment company, BlackRock, is also interested in launching an XRP ETF.
With all this – possible ETF approvals, whale purchase and new projects – many experts wonder if XRP could soon break his old price record. It can happen before June 17 or later this year if these plans continue.
At the time of writing, XRP acts at $ 2.24 and has fallen by more than 3% in the last 24 hours.