#XRPETF ETFs Spot of XRP, Future Perspectives
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The approval of spot ETFs (which hold XRP directly) depends on two critical factors📝📊📄📈😎🤔
1. Resolution of the SEC vs. Ripple Case: The SEC classified XRP as a *security* in 2020, but a 2023 court ruling favored Ripple. The withdrawal of resources from the SEC and a final settlement are essential to unlock spot ETFs.
2. Regulatory Changes: The departure of Gary Gensler (former SEC chair) and the possible appointment of a pro-crypto regulator by President Trump could accelerate approvals.
3. Companies like Bitwise: 21Shares and Canary Capital have applied for authorization for spot ETFs, but none have been approved until April 2025.
Market Impact.
4. Institutional Demand: Future and leveraged ETFs have already spurred interest in XRP, with the price rising to US$ 2.19 in April 2025.
5. Positive Outlook: Approval of spot ETFs could lead XRP to surpass its all-time high (US$ 3.55) and even reach US$ 5.
6. Risks: Regulatory delays or rejections could pressure the price down to US$ 1.50.
Conclusion
XRP ETFs offer diversified options for different investor profiles, from leveraged traders to long-term holders. However, the regulatory landscape remains uncertain, and the approval of spot ETFs depends on advancements in the Ripple vs. SEC case. Meanwhile, products like those from ProShares and Grayscale continue to be viable alternatives within the regulated market.