#XRPETFIncoming?
Ripple’s XRP may be on the brink of a major breakthrough, with the possibility of an XRP Exchange-Traded Fund (ETF) on the horizon. This comes after Ripple’s partial legal victory against the SEC, which ruled that XRP is not a security in secondary sales.
An XRP ETF would provide investors with exposure to XRP without the need to directly hold the cryptocurrency. This could drive greater institutional adoption and boost demand for XRP. Reports suggest that firms like WisdomTree and Bitwise are exploring XRP ETF applications.
Currently, Grayscale offers a Grayscale XRP Trust, allowing investors to gain exposure to XRP through a security. However, this trust has limitations as it is not an ETF.
If approved, an XRP ETF could be a game-changer for Ripple and the broader crypto market. It could set the stage for additional crypto ETFs, further mainstreaming digital assets.
