#XRPETFIncoming? XRP ETFs are indeed on the horizon. The New York Stock Exchange (NYSE) Arca has filed a 19b-4 application with the US Securities and Exchange Commission (SEC) to convert Grayscale's XRP Trust into a spot exchange-traded fund (ETF) This move is expected to pave the way for other asset managers to follow suit, with companies like Bitwise, Canary Capital, Shares, WisdomTree, and Coin shares potentially submitting their own XRP ETF applications in the coming weeks.

The approval of these ETFs could have a significant impact on XRP's price, with some predictions suggesting a potential 27% rally ¹. Additionally, the SEC's approval would mark a major milestone in the regulatory landscape for cryptocurrencies, potentially signaling the end of the SEC's four-year legal battle with Ripple ¹.

It's worth noting that there are already existing XRP ETFs, such as the 21Shares Ripple XRP ETP, which tracks the value of XRP and has a total expense ratio of 2.50% p.a.However, the incoming ETFs are expected to be spot ETFs, which would allow investors to gain direct exposure to XRP.