#XRPETF #XRPETF # What is XRP ETF?

XRP ETF is a financial product designed to track the price of XRP, the original digital asset of the XRP ledger. This fund allows traders to gain exposure to XRP price movements without the need to buy, store, or manage the cryptocurrency directly.

# Companies that have applied for XRP ETF approval

- *Bitwise*: The first company to apply for XRP ETF approval in October 2024.

- *Canary Capital*: Applied for XRP ETF approval in October 2024.

- *21Shares*: Applied for approval of Core XRP Trust, an index fund designed to provide indirect exposure to XRP.

- *WisdomTree*: Applied for approval of WisdomTree XRP Fund, which will be traded on the Cboe BZX exchange.

- *Franklin Templeton*: Applied for XRP ETF approval in March 2025.

- *Grayscale*: Applied to convert Grayscale XRP Trust into an ETF.