Xrp (Crypto: xrp) It has been exposed to quite a few potential catalysts this year, and there is a good likelihood that at least nine of these catalysts will happen almost at the same time. The odds are also good that if one of the catalysts will be played in their advantage, the others will follow.
But does that make the (possible) row of Domine actually a tokens worth buying for an investor who has not already been convinced of his potential?
Since March 12, nine asset management companies have delivered materials to the Securities Commission (SEC) Wanting to obtain an approve of offerings Fund that trades it on the stock market (ETF) holding xrp. The last job to handle the permission, Franklin Templeton, did so on March 11. Multiple companies can file applications later this year.
Each of the applications is the opportunity to increase the price of the XRP. The XRP-Holding ETFs, if ever approved, would bring a significantly higher trading volume in the chain. ETF issuers should buy and sell more tokens daily to ensure that their fund contains property. And more trading volumes would mean greater liquidity for those who want to effectively transport with large sums of money.
Therefore, if the ETF are approved, it would have made the XRP chain more attractive to large banks and other financial institutions Keep their property And they make international money transfers, as they would have a good chance of doing transport with a size they want without having to worry so much about moving the price of fundamental assets or otherwise disrupt the market function.
This is important, because Token is already conceived to like these players, and they are the most important users on board. Furthermore, if the sec says that it is acceptable to betray the XRP ETF, it would be a significant sign of legitimacy that, as a crypto currency, can always use.
Therefore, it is reasonable to say that the ETF who receives approval would support the investment thesis for the purchase of XRP, which is, namely, it is a token of election for financial institutions they need to be transmitted internationally at international level. And that would probably lead to the additional adoption of the use of token of at least a few of these institutions.
But is the possibility of ETF and a strong enough reason to buy token right now?
Xrp-Holding Etfs would be a bull catalyst. Nevertheless, the approval of these ETF would not do much to make the Token more dramatically attractive to investors who hesitant to invest in the Crypto currency, nor is it reasonable to expect ETF to send the price of XRP to a month immediately if it is completed.
