XRP is generating strong demand for ETFs and futures products in the traditional financial market, which is a stark contrast to four years ago when it was embroiled in a legal battle with the SEC.
Lawyer John Deaton, who represented XRP holders in intervening in the Ripple lawsuit, recalled that supporters surged from 12,600 to over 75,000, with some testimonies being adopted by the judge for the final ruling.
As the lawsuit between Ripple and the SEC comes to a close, asset management firms are actively pushing products related to XRP. Bitnomial was the first to launch an XRP futures ETF, followed closely by Coinbase, which will launch XRP futures this month. Grayscale, Bitwise, Canary Capital, and Coinshares are also promoting spot ETFs.
Ripple Labs is committed to advancing tokenization, anticipating a 3,050% growth in this sector over the next decade, which will benefit XRP and its stablecoin RLUSD.
