#XRPETF
XRP ETFs are exchange-traded funds designed to track the price of XRP, allowing investors to gain exposure to the cryptocurrency through traditional brokerage accounts. Several major asset managers have filed for XRP ETFs, including ¹ ² ³:
- *Bitwise*: Filed the first XRP ETF application in October 2024, partnering with Coinbase Custody as the custodian.
- *Canary Capital*: Filed for multiple crypto ETFs, including XRP, confident in the new regulatory environment.
- *21Shares*: Offers the 21Shares XRP ETP (AXRP) in European markets, 100% physically backed by XRP.
- *WisdomTree*: Filed for an XRP ETF in Delaware on November 25, 2024, with a cash-create model for share creation and redemption.
- *Franklin Templeton*: Filed for an XRP ETF in March, becoming the ninth firm to do so.
- *Grayscale*: Proposed converting its XRP Trust into an XRP ETF trading on the New York Stock Exchange.
These filings reflect growing institutional interest in XRP. However, the approval of XRP ETFs faces regulatory uncertainty due to the ongoing legal battle between Ripple and the US SEC over XRP's classification ².
*Benefits of XRP ETFs:*
- *Accessibility*: Can be bought and sold through traditional brokerage accounts.
- *No Wallet Management*: Removes the necessity of managing digital wallets or safeguarding private keys.
- *Regulatory Oversight*: Provides a familiar and regulated investment vehicle for institutional investors.
*Current Status:*
The SEC has postponed decisions on multiple crypto ETF filings, including XRP. The approval of XRP ETFs could lead to increased demand for XRP, greater liquidity, and more stable price discovery ².
