CandleFocus

XRP ETFs: Big Firms Bet on the Future of Crypto Investments

Asset managers, including WisdomTree and 21Shares, have submitted applications to the SEC to launch XRP-focused exchange-traded funds (ETFs) in the US. These ETFs would provide institutional and retail investors with regulated exposure to XRP. Bitwise and Canary Capital have already filed applications for XRP ETFs. Despite regulatory challenges, Bitwise remains confident in XRP's potential, citing its technology and strong community support. Ripple CEO Brad Garlinghouse believes XRP-based ETFs could attract substantial capital inflows, similar to Bitcoin ETFs. The SEC's recent appeal of the Ripple ruling has added uncertainty to the timeline for XRP ETF approvals. However, there is optimism about regulatory clarity under the Trump-led administration. The race to launch XRP ETFs highlights the growing interest in the cryptocurrency as a long-term investment.

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