During the heat of the spot Bitcoin exchange-traded funds (ETFs) race in December 2023, the issue of in-kind redemptions (crypto) versus cash redemptions came up.
With memories of the landmark spot Bitcoin exchange-traded funds (ETFs) still fresh in the mind, cryptocurrency markets are already considering the possibility of an Ethereum and XRP spot ETF.
The absence of a spot XRP ETF is another issue likely leading to this decline. Rumors on an XRP ETF spread widely close to the Bitcoin ETF approval decision.