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>>A legal professional explains their ongoing XRP purchases and the reasoning behind them.

A legal professional explains their ongoing XRP purchases and the reasoning behind them.

crypthub

3 days ago

XRP ETF Filing Developments

Recent filings by asset managers like GraniteShares include XRP alongside Bitcoin, Ethereum, and Solana, indicating their recognition of XRP's potential for institutional exposure. These filings, while pending regulatory approval, suggest XRP is considered a leading digital asset. Experts note that XRP’s demand is globally significant, particularly for Ripple’s cross-border settlement solutions. The inclusion of XRP in ETF comparisons signals its growing maturity and utility.

A Contrarian Investment Strategy

Legal expert Bill Morgan encourages investors to view market pessimism surrounding XRP as a buying opportunity. Morgan's approach involves "panic buying" XRP, aligning with the principle of accumulating assets when others are hesitant. He sees dips and dismissals not as warnings, but as invitations to increase holdings. This strategy reflects a contrarian perspective focused on long-term fundamentals.

Legal Standing and Future Value

Following the 2023 court ruling that classified XRP as not being a security when sold on secondary markets, XRP has regained credibility. Morgan believes this legal progress, coupled with XRP’s growing adoption within financial institutions, lays the groundwork for future value. He highlights that a token's value isn't solely defined by ETF flows.