15.02.2025 12:43
Okay, here's a rewritten version of the news article in English, incorporating variety in sentence structure and richer language, while ensuring all key details are preserved:
**Ripple CEO Hails SEC's ETF Acknowledgment as 'Inevitable'**
Following the U.S. Securities and Exchange Commission's indication that it will assess submissions for spot XRP exchange-traded funds (ETFs), Ripple's CEO, Brad Garlinghouse, has expressed his satisfaction, characterizing the move as an unavoidable outcome. The SEC's decision has ignited a wave of anticipation among XRP enthusiasts, many of whom interpret this step as a promising precursor to an eventual approval.
The SEC's recent acknowledgment of Grayscale's application for a spot XRP ETF, submitted via a 19b-4 form through NYSE Arca, marks a significant turning point for Ripple's digital asset. By publishing the filing, the SEC has initiated a public comment period, inviting stakeholders to submit their views within a 21-day window following the proposal's official publication in the Federal Register. Furthermore, a similar filing from asset manager 21Shares for an XRP ETF has also been acknowledged by the regulatory body. This 19b-4 filing represents the penultimate step in the procedure for introducing a spot crypto ETF.
Should these proposals gain approval, it would serve as a substantial endorsement of XRP as a viable investment vehicle, potentially leading to increased involvement from institutional investors and a corresponding surge in market activity. Moreover, the introduction of an XRP ETF could potentially trigger a significant price increase for the altcoin. At the time of this report, XRP was trading at $2.80, marking a 2.9% increase over the preceding 24 hours, thereby positioning it among the top-performing cryptocurrencies within the top 10 based on market capitalization. CoinGecko currently ranks XRP as the third-largest cryptocurrency in terms of market valuation.
Garlinghouse voiced his opinion on the SEC's acceptance of the XRP ETF applications, asserting that this development was "inevitable," even though dissenting opinions had previously been voiced. Despite regulatory uncertainties surrounding the digital asset, he has consistently been predicting the approval of an American spot XRP ETF.
