The 21Shares Ripple XRP ETP has reached over $100 million in assets under management. The ETP is backed by the XRP cryptocurrency and was launched in April 2019. Other companies, such as 21Shares and CoinShares, also offer XRP ETPs in Europe. There are pending spot XRP ETF proposals awaiting approval from the SEC in the U.S. Ripple CEO Brad Garlinghouse has predicted the launch of an XRP ETF in the U.S., but some experts believe it might not happen in the near future. XRP has experienced a surge in price due to speculation of looser regulations and rumors of SEC Chair Gary Gensler's resignation. Despite some pullbacks, XRP is still up over 80% in the past week.



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