Another challenge is that there is no serious interest to pursue the XRP ETF according to Seyff

in hopdh •  last year 

According to Seyff, another challenge is that there is no serious interest in pursuing an XRP ETF. The company has been trying for years to get an ETF approved and now it has failed, so there is no real effort in that direction, which means that Ripple will not easily get a lot of 'money'.

In addition, although Ripple CEO Brad Garlinghouse has repeatedly stated that XRP is a digital asset, there are still many people who do not believe in the cryptocurrency, especially since it is not regulated by the government. any country. However, this could soon change as Garlinghouse believes that over time more people will be interested in investing in cryptocurrencies like XRP and bitcoin.

According to Seyff, one of the biggest challenges is that there is no serious interest in pursuing an XRP ETF.

The main reason for this challenge is that Ripple is not a public company like Google or Facebook, so it does not have regulatory oversight. This means that you cannot buy XRP from a US-based exchange, nor can you sell it on an exchange.

This creates a problem for investors looking to buy XRP through an investment vehicle like an ETF. The only way to do this at the moment is through the OTC market or a cryptocurrency exchange.

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