#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 XRP price movements without having 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 to an ETF.
# Potential benefits of XRP ETF
- *Increased demand*: Approval of the XRP ETF could lead to increased demand for XRP, which may drive up its price.
- *Liquidity*: The XRP ETF could enhance liquidity in the XRP market, potentially stabilizing XRP prices.
- *Institutional access*: The XRP ETF could open the door for institutional investors who may be restricted from direct cryptocurrency holdings.