#XRPETF began to spread massively among the cryptocurrency community, particularly among fans of Ripple's XRP cryptocurrency. The idea behind this hashtag is related to the expectations and demands for the launch of a cryptocurrency-specific exchange-traded fund (ETF), similar to what has happened with other cryptocurrencies like Bitcoin.

An ETF for cryptocurrencies means an official financial product that is traded on exchanges, allowing investors to buy a cryptocurrency like XRP indirectly, thus facilitating the entry of traditional institutions and individuals into the cryptocurrency market without needing to own the cryptocurrencies themselves.