Coin Edition -
- Ripple hires a Senior Manager for Business Development in New York, with a key role related to ETFs.
- Eleanor Terrett hints at the potential launch of a Spot XRP ETF if XRP attains a Futures ETF.
- The reporter cites that the Spot Bitcoin ETF launch was mainly driven by the Bitcoin Futures ETF.
Recent reports unveiled that Ripple is hiring a Senior Manager for Business Development in New York, with a key responsibility related to ETFs. Responding to the announcement, Fox Business reporter Eleanor Terrett hinted at a potential XRP ETF launch, with the expert hiring as an initial step.
In order to have an $XRP spot ETF, there will first need to be a futures ETF. Part of getting the $BTC spot ETFs approved was the @SECGov concluding that the CME bitcoin futures market would suffice to provide surveillance for fraud and manipulation.If $XRP gets a futures ETF… https://t.co/MPFVSherXK— Eleanor Terrett (@EleanorTerrett) January 27, 2024
On January 27, a prominent crypto analytics platform on X, Good Morning Crypto, drew the community’s attention to the recent development in the Ripple ecosystem. With the mission of global financial equity and growth, Ripple envisions expanding its work power.
When the firm announced the vacancy for a Senior Manager for Business Development, one of the position’s key roles included “Drive cryptocurrencies related ETFs initiatives with internal trading teams and relevant partners.”