Entrepreneur: “XRP ETF could become the most successful ETF”
- In the XRP podcast with Paul Barron, the founders of the Web3 app Easy App, Dom and Phil Kwok, are extremely bullish on XRP.
- They even expect the XRP ETF to become the most successful crypto index fund ever. “Yes, I would definitely agree,” Dom Kwok replies when asked whether the ETF can break all records.
- The founder of Easy App, valued at four billion US dollars, bases his optimism on the huge interest in XRP: “If you look at the Ripple holder base, it's huge. The trading volume is among the highest in the entire crypto market,” says Kwok.
- So far, there are only Bitcoin and Ethereum ETFs. Ripple is the hottest candidate for imminent approval. However, the decision on several XRP ETF applications has recently been postponed again.
- However, demand seems quite substantial: “There are already over $800 million worth of futures-based XRP ETFs. I believe the demand for Ripple spot ETFs is underestimated,” writes Nate Geraci of NovaDius Wealth Management optimistically.
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Sources
- Interview with Phil and Dom Kwok