Famous Finance Writer Responds to Claims 'XRP Spot ETFs Approved But Institutional Demand Near Zero'!

Finance writer Linda P. Jones opposed claims that demand for XRP Spot Exchange Traded Funds will be minimal if approved by the U.S. Securities and Exchange Commission (SEC).

Jones, who has extensive experience in the finance sector, argues that finance companies are applying to the SEC for XRP ETFs precisely because they expect strong demand. In his statement, he emphasized that XRP is the largest cryptocurrency based in the US and may even benefit from preferential tax treatment in the future.

Jones, based on his career at a major Wall Street firm, explained that new financial products such as ETFs are only launched when companies expect to raise capital and make a profit.

"A new financial product like an ETF is being launched with the expectation that it will raise money and increase the profitability of the company by earning commissions. The idea that there is no demand for or that XRP will not be sold is very absurd."

Jones also noted that so far investors have had limited options in the crypto ETF space, only with Bitcoin (BTC) and Ethereum (ETH) ETFs. Jones believes that especially if potential tax incentives emerge, investors will naturally diversify their assets to include XRP. Additionally, Jones pointed out that President Donald Trump's recent mention of XRP as part of the 'Digital Asset Stock' could be a factor that enhances legitimacy and investor interest.