#XRPETFIncoming? XStreet

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XRP on the brink of 27% rally amid surge in crypto ETF filing activities

01/31/2025 04:10:00 GMT

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By

Michael Ebiekutan

XRP on the brink of 27% rally amid surge in crypto ETF filing activities

XRP shows signs of an uptick as asset managers could send a flurry of XRP ETF filings to the SEC next week.

The NYSE Arca submitted a 19b-4 for the conversion of Grayscale's XRP Trust to a spot ETF.

XRP continues consolidation within a bullish pennant amid a potential 27% rally.

Ripple's XRP is up 2% in the Asian session on Friday following the New York Stock Exchange (NYSE) Arca 19b-4 filing with the US Securities and Exchange Commission (SEC) for the conversion of Grayscale's XRP Trust into a spot ETF. The remittance-based token could see a 27% rally in the coming days as issuers will potentially send a flurry of XRP ETF filings to the SEC next week.

The hashtag #XRPETFIncoming? suggests speculation about a potential XRP exchange-traded fund (ETF) approval.

With the recent approval of Bitcoin spot ETFs and growing interest in Ethereum ETFs, some investors wonder if XRP could be next. However, regulatory hurdles remain, especially given the SEC's legal history with Ripple Labs. If an XRP ETF were to be approved, it could boost institutional adoption and liquidity, similar to what happened with Bitcoin ETFs.

For now, the crypto community is watching regulatory developments closely, as an XRP ETF would mark another major milestone for the crypto industry.