A spot XRP ETF is unlikely this year

Key member of the XRP community, XRPcryptowolf, shared his views on X (Twitter) on the catalyst for a future XRP price rally and the timing of the launch of a spot XRP ETF.
After the Bitcoin spot exchange-traded fund was approved by the SEC in mid-January, the crypto community began speculating about the launch of another spot ETF – an Ethereum-based fund – and some also started talks about the possibility of a spot XRP ETF.
However, it seems like neither will be released anytime soon.

Spot Ethereum ETF Decision Delayed; No XRP ETF is expected this year

Last week, the US securities regulator delayed a decision on Ethereum spot ETF giants BlackRock and Grayscale.
Grayscale intends to convert its Ethereum Trust into a spot ETF as it did with the Bitcoin Trust recently.
Twitter user XRPcryptowolf, with 319,500 followers, believes that the crypto community is unlikely to see a spot XRP ETF approved this year.

Also, no one has even applied yet. The prominent XRP community member tweeted that it was “almost hopeless” to see an XRP ETF launch this year, pointing out that the Bitcoin ETF took years to get official approval. Grayscale has been trying to do that for years.
XRPcryptowolf said there could be another catalyst for the XRP price rally that the XRP community expects to happen soon.

Ripple transfers millions of XRP to the exchange

Cryptocurrency tracker Whale Alert reported that earlier today, a large amount of XRP was transferred from anonymous wallets to major cryptocurrency exchange Bitstamp. In total, 27,700,000 XRP were sent, worth $14,482,315.
The majority of commenters on the post believe that this is an impatient whale selling his XRP. However, details of this transfer shared by the Bithomp platform show that the sender address is related to Ripple.
The reason behind this transfer of XRP remains unclear, but such transfers occur on a weekly basis; typically, a similar amount of XRP would go to another major cryptocurrency exchange – Bitso, based in Mexico.