XRP ETF Premium Primed For Monumental Leap: Eyes Set On $500

XRP enthusiasts are in a frenzy after prominent community figure Chad Steingraber proposed a scenario where an XRP exchange-traded fund (ETF) could trade at a staggering 100x premium. Steingraber, a seasoned game designer, laid out his thoughts in a recent post, igniting discussions about the potential trajectory of an XRP ETF, particularly in light of the ongoing push for institutional adoption of the altcoin. Related Reading: Hold Onto Your Seats: XRP Primed For 90% Rally, According To Top Analyst Targeting A $500 XRP ETF Share Price Steingraber’s speculation centers around the price at which an XRP ETF’s shares might trade. His hypothesis hinges on the crypto reaching an unprecedented price of $5 per coin. In this scenario, he theorizes that the corresponding ETF could soar to equally unprecedented heights, potentially reaching a solid $500 per share. The actual underlying asset price does NOT have to skyrocket. The fund can trade at MASSIVE Premiums. Let’s say #XRP breaks ATH @ $5,

  Business   Mar 28, 2024   0  Add to Reading List
XRP ETF Premium Primed For Monumental Leap: Eyes Set On $500

XRP enthusiasts are in a frenzy after prominent community figure Chad Steingraber proposed a scenario where an XRP exchange-traded fund (ETF) could trade at a staggering 100x premium.

Steingraber, a seasoned game designer, laid out his thoughts in a recent post, igniting discussions about the potential trajectory of an XRP ETF, particularly in light of the ongoing push for institutional adoption of the altcoin.

Targeting A $500 XRP ETF Share Price

Steingraber’s speculation centers around the price at which an XRP ETF’s shares might trade. His hypothesis hinges on the crypto reaching an unprecedented price of $5 per coin. In this scenario, he theorizes that the corresponding ETF could soar to equally unprecedented heights, potentially reaching a solid $500 per share.

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