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Chad

<ul>
 <li>The XRP community foresees a surge in value with the introduction of an XRP ETF.</li>
 <li>Steingraber details steps for an XRP ETF to create scarcity and attract diverse investors.</li>
 <li>Long-term institutional commitment to XRP ETF shares may drive sustained value growth.</li>
</ul>
The anticipation of an XRP Exchange-Traded Fund (ETF) has stirred discussions within the crypto sphere. Chad Steingraber, a professional game designer, <a href="https://x.com/ChadSteingraber/status/1741133616745254920?s=20" rel="noopener noreferrer nofollow">outlined</a> a step-by-step perspective on how an XRP spot ETF could lead to a significant surge in XRP’s value.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/UGRgP52BCP1GmGAZ99m9J3u15r5YLjFI2bdM_e44Iud3YAxfNOIe4bk3-pephYSFsMEp0lyXB3yrd7zGKeJzVOwhB-FmOQpEsmcIxZ2l26jIEdWOeqq4Qctn6uSH-n_5za_NUy7rFLk-3kIcH_MWJCU" alt="">
</figure>
Source: Chad Steingraber
According to Steingraber’s analysis, the introduction of an ETF would entail the purchase of XRP directly from public exchanges. Unlike futures ETFs, where assets aren’t physically held, a spot ETF would necessitate committing funds to acquire the actual underlying asset, creating a pivotal distinction in this scenario.
Post-purchase, Steingraber highlighted that the ETF would lock up the acquired XRP tokens, typically under custodianship, while issuing derivative shares. This strategy aims to attract a diverse array of investors, ranging from institutional players to the broader public.
Moreover, Steingraber speculated that the public acquisition and subsequent locking of XRP would generate scarcity in its supply, potentially leading to increased demand from both the ETF and the broader market. A key point of emphasis was the caliber of investors likely to engage with XRP ETF shares. Steingraber suggested that institutions and even governmental entities might allocate funds to this investment vehicle.
Furthermore, the visionary outlook anticipated a sustained interest from long-term investors, potentially fostering a market environment where reduced supply and heightened interest converge to steer XRP’s value on a compelling upward trajectory. The market sentiment surrounding the potential announcement of a genuine XRP ETF was underscored as a potential catalyst for XRP’s surge, citing previous instances where news of related developments triggered notable price movements within minutes.
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The post <a href="https://cryptonewsland.com/xrps-meteoric-rise-how-an-etf-could-propel-price/" rel="noopener noreferrer nofollow">XRP’s Meteoric Rise: How an ETF Could Propel Price</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

XRP’s Meteoric Rise: How an ETF Could Propel Price

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