#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, including¹ ²:

- *Bitwise Asset Management*: 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 that the new regulatory environment will favor XRP-based products.

- *21Shares*: Filed for an XRP ETF in late 2024, offering the 21Shares XRP ETP (AXRP) in European markets, which is 100% physically backed by XRP.

- *WisdomTree*: Filed for an XRP ETF in Delaware on November 25, 2024, submitting a formal application to the SEC.

- *Franklin Templeton*: Became the ninth firm to file for an XRP ETF in March 2025, with XRP holdings stored at Coinbase Custody Trust.

The potential approval of XRP ETFs could:

- *Increase Demand*: Attract new investors, potentially driving up demand for XRP.

- *Improve Liquidity*: Enhance overall market liquidity for XRP.

- *Provide Regulatory Clarity*: Possibly lead to clearer regulatory guidelines for XRP and similar digital assets.

However, regulatory uncertainty surrounding XRP's classification as a security or commodity remains a key hurdle. The ongoing legal battle between Ripple and the SEC may impact ETF approval.