The $XRP is the fourth largest cryptocurrency in the world by market value, with a capitalization of $128.4 billion as of this Thursday (24) at 4:23 PM (Brasilia time). The token is used by the American blockchain solutions company Ripple, and was created to function as a currency for international payments.
An XRP ETF is something that does not yet exist even in the United States, the country where Ripple is headquartered. Large management firms like Grayscale and Bitwise have applications for launching ETFs of the crypto asset registered with the U.S. Securities and Exchange Commission (SEC).
