$XRP XRPETF

As of June 2024, there is **no approved XRP ETF** (Exchange-Traded Fund) in the U.S. or other major markets. However, the topic has gained attention due to increasing interest in cryptocurrency ETFs following the approval of **spot Bitcoin ETFs** in early 2024 and expectations for an **Ethereum ETF**.

### **Key Points About a Potential XRP ETF:**

1. **Regulatory Hurdles**:

- The **SEC's lawsuit against Ripple** (settled partially in 2023, with XRP deemed not a security in secondary sales) created uncertainty. While Ripple has had some legal wins, the SEC could still influence ETF approvals.

- The SEC has been cautious about crypto ETFs beyond Bitcoin.

2. **Market Demand**:

- XRP is among the top cryptocurrencies by market cap, and an ETF could attract institutional investors.

- Ripple’s focus on cross-border payments (via banks and financial institutions) could make an XRP ETF appealing for traditional finance