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HomeCrypto NewsMarketNext Couple of Months Will Be Wild for XRP: Wealth Manager

Next Couple of Months Will Be Wild for XRP: Wealth Manager

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Wealth manager Nate Geraci has reiterated his view that the coming months will be “wild” for XRP.

This comes as the XRP community braces for another major milestone in the ETF space. Specifically, asset manager REX Shares has confirmed that the first U.S.-listed exchange-traded fund (ETF) offering spot exposure to XRP will begin trading today.

ETF commentator Nate Geraci summed up the market sentiment, declaring, “Like I said, the next couple of months will be wild.”

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REX-Osprey XRP and DOGE ETFs Go Live

Notably, in an X post yesterday, REX Shares announced the launch of the REX-Osprey XRP ETF (ticker: XRPR) and the REX-Osprey DOGE ETF (ticker: DOJE).

These will be the first ETFs in the United States to give investors direct exposure to XRP and Dogecoin through a regulated fund structure. Notably, the new ETFs fall under Registered Investment Companies (RICs) as defined by the 1940 Investment Act, which made approval more straightforward.

Turning Point for XRP Investment Access

Many in the community have long anticipated the debut of a true spot XRP ETF. Meanwhile, some earlier reports questioned whether the REX-Osprey fund is truly a “spot” ETF.

This is because it plans to invest at least 80% of its assets in XRP, while allocating the rest to XRP futures, money market funds, and U.S. Treasuries. Even so, its launch is still the first U.S.-listed ETF to offer direct XRP exposure.

Interestingly, just as the REX Shares XRP ETF goes live today, the SEC has also granted Grayscale’s bid to convert its Digital Large Cap Fund into a multi-asset crypto fund. Notably, this fund holds XRP among other major assets like Bitcoin and Ethereum.

Its launch marks the first multi-crypto asset ETP on the market. In the announcement tweet, Grayscale CEO Peter Mintzberg thanked the SEC Crypto Task Force for advancing regulatory clarity.

With the greenlight, XRP is seeing multiple investment funds related to it go live concurrently.

 

October SEC Deadlines Add to the Momentum

Meanwhile, today’s launch sets the stage for an even bigger catalyst next month. The U.S. SEC faces final decision deadlines in October on more than ten spot XRP ETF applications from issuers such as Grayscale, 21Shares, and Bitwise.

Industry analysts currently estimate up to a 95% chance of approval. The combined effect of the REX-Osprey launch and the looming SEC decisions has triggered bullish speculations.

Some community voices predict that spot approvals could send XRP soaring, potentially creating new “XRP millionaires” before year-end.

With XRP at $3, analysts such as Oliver Michel of Tokentus Investment AG believe it could see 300% gains if spot ETF approvals materialize.

As Geraci noted, the next few months could be “wild” for XRP investors, with today’s launch serving as the opening act in what could be a transformative season for XRP and the crypto ETF market.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Abdulkarim Abdulwahab
Abdulkarim Abdulwahabhttp://thecryptobasic.com
Abdulkarim Abdulwahab is a seasoned crypto journalist who has established himself as a trusted voice in the world of blockchain and Web3. His extensive knowledge of the crypto space enables him to break down complex concepts into accessible language.

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