XRP ETFs: What is Happening with the Applications to the SEC?
In recent months, the crypto industry has been paying close attention to the spot XRP ETF applications filed with the U.S. Securities and Exchange Commission (SEC). To date, six asset managers have applied for approval of these funds, including CoinShares, REX Shares, Canary Capital, Bitwise, 21Shares, and WisdomTree.
These ETFs would allow investors to access XRP without needing to buy it directly, facilitating the entry of institutional capital and increasing market liquidity. However, regulatory uncertainty remains an obstacle, as the SEC has yet to greenlight any of these applications.
If approval materializes, XRP could experience a strong bullish push, similar to what Bitcoin had after the approval of its spot ETFs. In the meantime, the crypto community remains watchful for any signs of progress in the regulatory process.
