Santiment, an on-chain analytics tool, notes that there is a discernible positive slant towards Bitcoin and XRP.
After a ten-year battle, the SEC approved exchange-traded funds that follow the largest cryptocurrency, giving Bitcoin its historic moment this past week.
In the days that followed, the market saw a surge in conversations about ETFs as enthusiasm increased. Santiment observed that, in the wake of the ETF approvals, there was still a great deal of optimism surrounding large-cap assets that weekend.
https://x.com/santimentfeed/status/1746069580173504767?s=20
As a result, interest in and optimism surrounding key cryptocurrencies increased. This is happening while traders speculate about if ETH or XRP ETF approvals may come after Bitcoin.
Santiment claims that as a result, the XRP sentiment and conversation rate increased to their highest point since May 2023. Just a few weeks before the July 11 verdict, which declared XRP to be not a security, this was the time where XRP social debates went crazy.
XRP ETF speculation creates buzz
on BlackRock CEO Larry Fink’s remark on the potential for an XRP exchange-traded fund (ETF), the XRP community is currently very much in flux. During a recent appearance on Fox Business, Fink was asked about an XRP ETF and said, “I can’t talk about that.”
Co-founder of Valkyrie Funds Steve McClurg made some further predictions for Ethereum and XRP ETFs after Bitcoin’s certification in a Bloomberg interview.
Lark Davis, also known as Crypto Lark, claims that an XRP ETF may soon be available due to the significant ruling in the Ripple SEC litigation, which determined XRP was not a security.
The price of XRP was not responding very significantly to the excitement caused by the ETF optimism at the time of writing. As of right now, XRP is trading at $0.57, up 0.26% over the last day. XRP has progressively increased since rising from lows of $0.554 on January 12 to highs of $0.579 during today’s trading session.
