#XRPETFs

As of April 2025, the landscape for XRP exchange-traded funds (ETFs) is evolving, marked by significant developments and regulatory considerations.

In September 2024, Bitwise Asset Management filed for a spot XRP ETF by establishing a trust in Delaware, aiming to provide investors with direct exposure to XRP through a regulated investment vehicle. This move mirrors strategies employed for previous crypto-based ETFs, such as those for Bitcoin and Ethereum. However, the U.S. Securities and Exchange Commission (SEC) has yet to approve any XRP ETFs, and the application process remains under scrutiny.

The regulatory environment is further complicated by the ongoing legal battle between Ripple Labs and the SEC. In July 2023, a U.S. court ruled that XRP sales on secondary markets to retail investors are not classified as securities, offering a partial victory for Ripple. Nevertheless, the SEC filed an appeal in October 2024, seeking to overturn this decision. The outcome of this appeal could significantly impact the approval prospects for XRP ETFs. 

Internationally, progress has been more favorable. In Brazil, the Hashdex Nasdaq XRP Fund received approval from the Brazilian securities regulator, marking a significant step for XRP’s institutional adoption. This development has fueled optimism about the potential for similar products in other markets. 

Political shifts in the U.S. may also influence the trajectory of crypto ETFs. Under President Donald Trump’s administration, there is an expectation of a more crypto-friendly regulatory approach. The SEC, now led by Commissioner Hester Peirce, has established a dedicated crypto task force, signaling a potential openness to a broader range of digital asset ETFs.

In summary, while the path to an approved XRP ETF in the U.S. faces regulatory hurdles, developments both domestically and internationally suggest a growing institutional interest in XRP. The evolving legal and political landscape will be crucial in determining the future of XRP ETFs. #XRPETFs