Altcoin News

Spot XRP ETF: Futures ETF Is Not Required For Approval Says Bloomberg Analysts

Bloomberg analyst James Seyffart clears the air on the requirements before the SEC could approve a spot XRP ETF.
Published by
Spot XRP ETF: Futures ETF Is Not Required For Approval Says Bloomberg Analysts

The crypto market anticipates a spot XRP ETF after the U.S. Securities and Exchange Commission (SEC) approved spot Bitcoin ETFs in mid-January, setting the stage for potential approval of spot Ethereum ETFs. Moreover, Ripple’s hiring for a senior manager role in the institutional Decentralized Finance (DeFi) space and hints from Bitcoin ETF issuers are considered a preparatory move for XRP ETF.

Advertisement

ETF Analysts Clear the Air on Spot XRP ETF Requirements

Reacting to an X post with a Grok AI chatbot’s response that a spot XRP ETF will not require approval of a futures ETF, Fox Business journalist Eleanor Terrett asked Bloomberg ETF analysts Eric Balchunas and James Seyffart whether a futures ETF is necessary for a spot ETF approval.

Eleanor Terrett asserts the CME Bitcoin futures market as a surveillance tool was one of the key reasons behind the SEC’s spot Bitcoin ETF approval.

Bloomberg ETF analyst James Seyffart said, “A futures ETF is not required.” However, a regulated market is an essential parameter for the SEC when deciding to approve any ETFs. The CME Bitcoin futures market is indeed a surveillance tool for spot Bitcoin ETF.

Financial expert Scott Johnsson also agreed with James Seyffart that “You need a futures market, not necessarily a futures ETF.” Moreover, he explained that a futures ETF helps add liquidity to the futures market, improving trading activity and correlation with spot prices that boosts probabilities for a spot ETF.

Also Read: Chinese Fund Giant Harvest Submits Spot Bitcoin ETF Application to Hong Kong SEC

Advertisement

Will SEC Approve a Spot XRP ETF?

Despite Ripple’s partial win against the SEC as Judge Analisa Torres ruled that XRP is not a security, a potential approval of a spot Bitcoin ETF seems unlikely. A ruling on the institutional sale of XRP is still pending before the court.

Bloomberg analysts explained earlier that XRP is not going to get through the SEC’s door. It needs a CME XRP market or Congress-passed market structure and products, with XRP still not on the first step. The crypto market to keep an eye on the SEC’s decision on Ethereum ETFs.

Also Read: Top Analyst Predicts Solana (SOL) Price To Hit $113 Soon 

Share
Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Bitcoin News

Peter Schiff Criticizes Bitcoin’s Performance Following Gold’s Rally To New ATH

Popular gold advocate Peter Schiff has criticized Bitcoin’s weakness against gold, calling it near bear…

September 7, 2025
  • Bitcoin News

Arkham Uncovers $5 Billion in Untouched Bitcoin From Germany’s Movie2K Seizure

Arkham Intelligence has identified 45,000 Bitcoin (BTC), valued at nearly $5 billion, that remains untouched…

September 7, 2025
  • 24/7 Cryptocurrency News

Ethereum Spot ETFs Record $447 Million in Outflows Amid Crypto Market Decline

Ethereum ETFs faced a sharp investor pullback this week, shedding nearly half a billion dollars…

September 6, 2025
  • 24/7 Cryptocurrency News

World Liberty Financial Discloses Reason for Blacklisting 272 Wallets

World Liberty Financial (WLFI) has confirmed that it blacklisted 272 wallets and explained why it…

September 6, 2025
  • 24/7 Cryptocurrency News

September 50 BPS Fed Rate Cut Odds Climb Ahead of CPI, PPI Data

Traders are beginning to price in the possibility of a 50 basis points (bps) Fed…

September 6, 2025
  • 24/7 Cryptocurrency News

Michael Saylor Spotlights Strategy’s Performance Following S&P 500 Snub

Michael Saylor highlighted Strategy’s outperformance after the company was excluded from the S&P 500. The…

September 6, 2025