XRP ETF vs DOGE ETF: Which One is Potentially Approved?

Bittime - News surrounding the potential launch of ETFs for various digital assets is getting more and more crowded. Among the most interesting is the XRP ETF vs DOGE ETF. 

These two assets represent two different sides of the crypto world: utility and popularity. Read this article to find out more!

XRP ETF vs DOGE ETF: Trump Wins

The Trump administration is believed to create a more friendly policy for the crypto industry. This has prompted discussions about the possibility of launching a spot ETF for assets such as an XRP ETF vs DOGE ETF.

This is also reinforced by the resignation of Gary Gensler, the controversial SEC Chairman. Gensler was previously known as a figure who was difficult to pass crypto investment products.

Also Read:  XRP ETF vs Litecoin ETF: Which Will Be Approved First in 2025? 

XRP ETF vs DOGE ETF Launch Predictions

According to Nate Geraci, co-founder of The ETF Institute, ETF issuers will likely submit proposals for an XRP ETF vs DOGE ETF in the near future. 

Especially after the approval of Bitcoin ETF which paved the way for more crypto investment products.

However, not everyone is optimistic about the potential of a DOGE ETF. Juan Leon, Senior Strategist at Bitwise, stated that Dogecoin may face difficulties in meeting the SEC’s stringent requirements. 

This is in contrast to XRP, which has a clearer use case in the cross-border payments sector.

Also Read:  Don't Rush to Sell XRP, Pay Attention to These 7 Important Points! 

XRP ETF vs DOGE ETF: XRP a Strong Candidate

When it comes to XRP ETF vs DOGE ETF, XRP seems to be a strong candidate. XRP has long been known as a crypto asset focused on global payment solutions. 

Additionally, XRP also has strong fundamentals, especially with the recent launch of the RLUSD stablecoin which has the potential to increase XRP trading volume.

However, the approval process for an XRP ETF has not been entirely smooth. While there is optimism that an XRP ETF could hit the market before 2025, some analysts warn that the resolution of the SEC vs. Ripple case will be a key factor.

Also Read:  Meme Coin XRP Ledger Strengthens: ARMY, BEAR, and MAG  

XRP ETF vs DOGE ETF: DOGE Popularity is High

The next comparison between XRP ETF vs DOGE ETF is DOGE's high popularity, but lack of support from regulators. 

Dogecoin is a meme coin that has become one of the most recognized crypto assets in the world. Its popularity has even sparked the launch of investment products such as the Dogecoin ETP in Sweden. 

However, according to Nate Geraci, DOGE has tremendous brand power, but the lack of technical infrastructure and regulatory support makes it difficult for institutional investors to see it. 

However, there is hope that a DOGE ETF could be approved and launched in 2025, given the change in SEC leadership.  

Also Read:  Potential of Ripple Technology (XRP) in Various Industrial Sectors 

XRP FAQs

What is XRP and What is its Use?

XRP is a digital asset created by Ripple Labs and designed to facilitate cross-border payments. XRP’s blockchain technology enables transactions in just a few seconds with very low fees, making it ideal for international money transfers and micropayments.

What is the Difference Between XRP and Other Cryptocurrencies Like Bitcoin?

XRP supports cross-border payment systems with a focus on speed and cost efficiency, unlike Bitcoin which functions more as a store of value and investment tool. In addition, XRP uses a consensus mechanism that does not require mining, making it more energy efficient.

1 XRP How Much USD?

Currently, 1 XRP is worth $2.18 according to Coinmarketcap. 

How to Buy Crypto on Bittime

Want to trade and buy Bitcoin and invest in crypto easily? Bittime is ready to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures that every transaction is safe and fast. 

Start by registering and verifying your identity, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check BTC to IDR , ETH to IDR , SOL to IDR and other crypto assets rates to find out today's crypto market trends in real-time on Bittime.   

Also, visit  Bittime Blog for interesting updates and educational information about the crypto world. Find trusted articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your knowledge in the crypto world.

Reference

Ikemefula Aruogu,  Which Cryptocurrency ETF Will Be Approved First: XRP, ADA, DOGE, or HBAR?, accessed December 24, 2024.

Gamza Khanzadaev,  Why No Dogecoin ETF? Industry Veteran Questions Meme Coin ETF Absence, accessed December 24, 2024.

Author: IPR