#XRPETF

XRPETF trending news includes ¹ ² ³:

Recent Filings

The US SEC has taken note of XRPETF filings by asset managers CoinShares, Canary, and WisdomTree, which have boosted expectations of the long-term prospects of XRPETFS. Grayscale and Bitwise have also made filings for XRPETFs, whose approval is expected to drive institutional investment.

Market Performance

XRPETFS has gone up to $2.17 with a 2.77% decline in the last 24 hours. Experts opine that there can be a potential rally to $3.40 as there is growing institutional support and a potential "golden cross" breakout.

Global Developments

Brazil has approved the world's first spot XRPETF, from Hashdex, as evidence of international appetite for XRP-based investment funds. In the US, the Teucrium 2x Long Daily XRPETF has seen strong trading volumes and investor appetite.

Regulatory Developments

SEC's appeal in the Ripple matter might impact approvals of XRPETFs. However, some view that the SEC will have spot XRPETFs approved, mentioning a potential shift in regulatory approach under new leadership.

Price Forecasts

The price of XRP will be $6, with anticipated inflows of up to $8 billion in the first year if XRPETFs are approved. Polymarket gives a 77% chance that XRP will receive ETF approval in the current year.