{"id":14075,"date":"2025-07-16T01:10:43","date_gmt":"2025-07-15T23:10:43","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=14075"},"modified":"2025-07-16T01:10:43","modified_gmt":"2025-07-15T23:10:43","slug":"pro-xrp-attorney-john-deaton-cheers-on-the-eve-of-july-18-what-makes-this-day-significant","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/07\/16\/pro-xrp-attorney-john-deaton-cheers-on-the-eve-of-july-18-what-makes-this-day-significant\/","title":{"rendered":"Pro-XRP Attorney John Deaton Cheers on the Eve of July 18: What Makes This Day Significant?"},"content":{"rendered":"

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Trusted Editorial<\/u> material, vetted by prominent industry specialists and experienced editors. Ad Disclosure<\/a><\/div>\n<\/p><\/div>\n

Pro-XRP attorney <\/span>John Deaton<\/span><\/a> is feeling ecstatic as July 18 approaches, reflecting on how far XRP has progressed. This date holds significance as it may witness the initiation of another fund that offers exposure to the altcoin.\u00a0<\/span><\/p>\n

Pro-XRP Attorney Remarks On July 18 ETF Launch Date<\/h2>\n

In an <\/span>X post<\/span><\/a>, John Deaton responded to the announcement that ProShares XRP ETF will debut on July 18. The Pro-XRP attorney pointed out how two years prior, a federal judge affirmed that <\/span>the altcoin itself<\/span><\/a> is not classified as a security. He emphasized that this is what the 75,000 XRP holders, involved in his amicus brief, advocated for.\u00a0<\/span><\/p>\n

Deaton noted that fast-forward two years, XRP ETFs are being launched. He then hinted at how this represents a significant victory for free markets. The <\/span>ProShares XRP ETF<\/span><\/a> is projected to commence on July 18, according to the <\/span>firm\u2019s submission<\/span><\/a> to the SEC. This is optimistic for the altcoin, given the influx of capital expected to flow into its ecosystem via this fund.\u00a0<\/span><\/p>\n

As indicated by the Pro-XRP lawyer, the altcoin has successfully achieved these ETF launch milestones thanks to Judge Analisa Torres\u2019 ruling in <\/span>the XRP lawsuit<\/span><\/a>. This ruling clarified XRP\u2019s status for institutions, prompting them to seek exposure to the altcoin. The clarity has also acted as a catalyst for elevated prices of the altcoin.\u00a0<\/span><\/p>\n

At the same time, the ProShares XRP ETF is a futures-based vehicle and not <\/span>a spot ETF<\/span><\/a>, which would grant investors direct access to the altcoin. The fund will engage in futures and derivatives contracts that utilize XRP as the underlying asset, thus providing indirect exposure to investors.\u00a0<\/span><\/p>\n

Canada XRP ETF Reaches Significant Milestone<\/h2>\n

In an <\/span>X post<\/span><\/a>, 3iQ announced that its <\/span>Ripple-supported XRP ETF<\/span><\/a>, Canada’s largest XRP fund, has amassed over $50 million in client assets since its launch on June 18. The asset manager\u2019s CEO, Pascal St-Jean, remarked that this notable milestone signifies continued strong interest in these assets. This also emphasizes the potential enthusiasm these spot funds could attract once they debut in the US.\u00a0<\/span><\/p>\n

The US spot XRP ETFs are anticipated to commence this year, according to <\/span>forecasts by Bloomberg analysts<\/span><\/a> James Seyffart and Eric Balchunas. These analysts predict a 95% likelihood that the SEC will greenlight these funds this year.\u00a0<\/span><\/p>\n

Moreover, market authority <\/span>Nate Geraci highlighted<\/span><\/a> that Ripple\u2019s choice to forgo its cross-appeal in the XRP lawsuit may pave the way for these XRP funds. The SEC is also expected to withdraw its appeal in the legal dispute, which is favorable for the altcoin.\u00a0<\/span><\/p>\n

At the time of this writing, the XRP price is fluctuating around $2.87, reflecting a decrease of over 2% in the past 24 hours, as per <\/span>data<\/span><\/a> from CoinMarketCap.<\/span><\/p>\n

\"XRP\"
XRP trading at $2.88 on the 1D chart | Source: XRPUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n

Featured image from Adobe Stock, chart from Tradingview.com<\/p>\n

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Editorial Process<\/strong> for bitcoinist focuses on delivering extensively researched, precise, and impartial content. We uphold rigorous sourcing standards, and each page is meticulously reviewed by our team of leading technology professionals and experienced editors. This approach guarantees the integrity, relevance, and value of our content for our audience.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n


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“`html Trusted Editorial material, vetted by prominent industry specialists and experienced editors. Ad Disclosure Pro-XRP attorney John Deaton is feeling ecstatic as July 18 approaches, reflecting on how far XRP has progressed. This date holds significance as it may witness the initiation of another fund that offers exposure to the altcoin.\u00a0 Pro-XRP Attorney Remarks On<\/p>\n","protected":false},"author":3,"featured_media":14076,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[3012],"class_list":["post-14075","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-gptreturn-a-list-of-comma-separated-tags-from-this-title-pro-xrp-lawyer-john-deaton-celebrates-ahead-of-july-18-why-this-date-is-important-gpt"],"yoast_head":"\nPro-XRP Attorney John Deaton Cheers on the Eve of July 18: What Makes This Day Significant? - WSJ-Crypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wsj-crypto.com\/index.php\/2025\/07\/16\/pro-xrp-attorney-john-deaton-cheers-on-the-eve-of-july-18-what-makes-this-day-significant\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pro-XRP Attorney John Deaton Cheers on the Eve of July 18: What Makes This Day Significant? - WSJ-Crypto\" \/>\n<meta property=\"og:description\" content=\"“`html Trusted Editorial material, vetted by prominent industry specialists and experienced editors. 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