Techcrunch reporter Jacquelyn Melinek, who was previously wrong in her claim that the Bitcoin Spot ETF could be approved on Friday and was criticized for this, came out with a different claim this time.
Saying that Bitcoin Spot ETFs will now almost certainly be approved, Melinek talked about the event to be expected in the cryptocurrency market from now on.
The journalist claimed that he met with Valkyrie founder Steven McClurg, who applied for Bitcoin Spot ETF, and that after BTC approval, Spot ETF approvals for Ethereum and Ripple were next.
According to Melinek’s claim, McClurg said that it would not surprise him if Ripple received Spot ETF approval before Ethereum.
However, the SEC firmly maintains that Ripple’s token, XRP, is a security, but has recently suffered consecutive defeats in the case in question. As for Ethereum, SEC Chairman Gary Gensler does not have a clear stance and Spot ETF applications may be approved by the SEC by considering ETH as a commodity. While futures ETFs for Ethereum are currently traded in the US, there is no similar product for XRP.
*This is not investment advice.
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