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Uphold’s Head Of Research Believes An XRP ETP Will Launch Soon

Published 03/14/2024, 01:00 AM
Updated 03/14/2024, 01:15 AM
© Reuters.  Uphold’s Head Of Research Believes An XRP ETP Will Launch Soon
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  • Martin Hiesboeck observes increased development on XRP on XRP following Ripple’s court case settlement.
  • Hiesboeck thinks an XRP ETP is will launch soon.
  • XRPL has experienced increased activities since the court ruled that XRP is not a security.

According to Dr. Martin Hiesboeck, Head of Research at Uphold, the fruits of increased development on XRP are showing up following Ripple’s court case settlement. The research specialist noted that the resurgence in developments supports actualizing an XRP exchange-traded product (ETP).

By settlement, Hiesboeck meant last July’s court ruling that XRP is not a security. Increased activity in the XRPL ecosystem trailed the court’s decision, suggesting rejuvenated enthusiasm in the project’s community. The ruling saw an immediate reaction in the token’s price that dissipated shortly afterward. However, developmental activities have continued in the XRP blockchain’s ecosystem.

A recent Mess…

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