The #XRPETF is a financial product designed to provide investors with exposure to this without the complexities of direct cryptocurrency ownership. Several asset management firms, including Bitwise, 21 Shares, and WisdomTree, have filed applications with the U.S. Securities and Exchange Commission (SEC) to launch a spot ETF. These ETFs aim to track the price, offering a regulated investment vehicle for those interested in the cryptocurrency market. The approval of such ETFs could signal a shift towards broader institutional acceptance of digital assets.