Ripple, whose native token is XRP, recently posted a job opening at the company suggesting it is preparing for potential involvement in the exchange-traded funds (ETFs) sector. Recently, the community expressed optimism about a possible launch of a spot XRP ETF.
On its website, Ripple announced its search for a Senior Business Development Manager who focuses on decentralized institutional finance (DeFi). The company described, among the role’s responsibilities, leadership with ETF initiatives related to cryptocurrencies.
According to the website, the company is looking for a professional to “drive cryptocurrency-related ETF initiatives with internal trading teams and relevant partners.”
Will XRP be the next Spot ETF?
The US Securities and Exchange Commission (SEC) approved 11 spot Bitcoin ETFs on January 10, a milestone for the crypto universe that opens the door for other cryptocurrencies to follow suit. After approval, the crypto community began speculation about funds based on two other cryptocurrencies, namely: Ethereum (ETH) and XRP.
A wave of excitement sweeps through the XRP community with growing expectations that Ripple’s XRP could be the next big player in the world of spot ETFs. This move brought a glimmer of hope to the community about an XRP ETF in sight.
Steve McClurg of Valkyrie, in a recent interview with Bloomberg, expressed optimism about the future of crypto ETFs, including for XRP. “I think we will see a lot of registrations on Ethereum. I even think we may see something for Ripple, given recent progress,” said McClurg, adding fuel to the flame of expectation.
At the time of publication, the price of XRP was quoted at US$0.5298 with an increase of 2.0% in the last 24 hours. During this period, the cryptocurrency recorded a trading volume of US$807,912,191. The price of XRP has fallen by 3.4% in the last seven days.
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