What's an ETF?

#XRPETFIncoming?
Recent developments indicate that several crypto asset companies are filing proposals to launch investment products linked to XRP.

In October 2024, Bitwise filed a registration statement with the US Securities and Exchange Commission (SEC) to launch an exchange-traded product (ETP) that provides direct exposure to the XRP token.

In addition, Ripple CEO Brad Garlinghouse expressed his belief that an XRP ETF will soon become a reality, especially after the approval of Bitcoin and Ethereum ETFs.
He predicted that an XRP ETF could be launched in 2025.

However, it is important to note that to date, no XRP ETF has been approved by the SEC. The process of crypto ETF approval is often complex and time-consuming, especially given the regulatory challenges involved.

For investors interested in this development, it is advisable to continue to monitor official announcements from the SEC and related companies, and understand the risks involved in investing in crypto assets.