#XRPETFIncoming?
Recent developments indicate a growing interest in XRP-focused exchange-traded funds (ETFs):
• Purpose Investments’ Proposal: The Canadian firm has filed a prospectus with regulators to launch a spot XRP ETF, aiming to provide investors with direct exposure to XRP within a regulated framework. 
• Grayscale’s Application: Grayscale Investments has applied to the U.S. Securities and Exchange Commission to convert its existing XRP Trust into an ETF, which would be listed on the New York Stock Exchange upon approval. 
These initiatives reflect a broader trend of financial institutions seeking to offer cryptocurrency-based investment products, potentially increasing accessibility for traditional investors.
As of February 1, 2025, XRP is trading at $3.04, experiencing a slight decrease of 1.3% from the previous close.
For a more in-depth analysis of these developments, you might find the following video insightful:
