#XRPETF cryptocurrency without directly managing digital assets.
- *How does it work?*: The ETF is created by acquiring XRP or related financial instruments, and its value is tied to the underlying asset. Shares can be bought and sold on traditional stock exchanges during market hours.
*Recent Developments:*
- *Filing for XRP ETFs*: Bitwise Asset
[٢٧/٤, ٥:١٢ م] Meta AI: 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. Here's what you need to know ¹:
- *What is an XRP ETF?*: An XRP ETF is a financial product that mirrors the price movements of XRP, providing a regulated and familiar way to invest in the cryptocurrency without directly managing digital assets.
- *How does it work?*: The ETF is created by acquiring XRP or related financial instruments, and its value is tied to the underlying asset. Shares can be bought and sold on traditional stock exchanges during market hours.
*Recent Developments:*
- *Filing for XRP ETFs*: Bitwise Asset Management and Canary Capital filed proposals with the US Securities and Exchange Commission (SEC) for XRP ETFs in October 2024.
- *Potential Approval*: According to Kaiko, XRP ETFs might be the next to get SEC approval, beating other cryptocurrencies like Dogecoin and Solana.
- *Regulatory Uncertainty*: The ongoing legal battle between Ripple and the SEC over XRP's classification as a security presents a key hurdle for ETF approval ² ³.
