#XRPETF 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 price movements of XRP without the need to buy, store, or manage the cryptocurrency directly.
# Companies that have applied for XRP ETF approval
- *Bitwise*: was 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, which is 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.
# Potential benefits of XRP ETF
- *Increased demand*: Approval of XRP ETF could lead to increased demand for XRP, potentially driving its price up.
- *Liquidity*: XRP ETF could enhance liquidity in the XRP market, potentially stabilizing XRP prices.
- *Institutional access*: XRP ETF could open the door for institutional investors who may be restricted from holding cryptocurrencies directly.
