Goldman Sachs filed a 13F disclosure of nearly $420 million investment in seven Bitcoin ETFs on Tuesday. Bloomberg ETF analyst discussed Solana ETF and how approval depends on the upcoming US Presidential election. Expert weighs in on XRP ETF that Ripple can use to sell the token to institutions on the XRP Ledger. Solana trades at $145 and XRP holds steady above key support at $0.57 on Wednesday.
com/b1wWRHP674 — Nate Geraci August 13, 2024 Matt Rosendin, founder of CapSign, says the solution of an XRP ETF is the payment remittance firm Ripple selling XRP tokens Over-The-Counter to institutional investors on the XRPLedger. The solution, in my estimation, is an XRP ETF that Ripple can sell OTC with institutions on the XRPL. This requires Ripple to have an ATS license to conduct those secondary sales.
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