#XRPETF

So far, the U.S. Securities and Exchange Commission (SEC) has not approved the launch of an Exchange-Traded Fund (ETF) specifically for XRP, despite increasing institutional interest and companies like Bitwise submitting formal applications in 2024. There are still regulatory and legal challenges hindering approval, especially with the ongoing debate over XRP's legal status and whether it is considered a security. The market is awaiting the agency's final decision, as the approval of an ETF for XRP is expected to increase liquidity and investment appeal, but regulatory uncertainty and competition with other digital currency products continue to pose obstacles to the launch.