#XRPETF XRP ETFs are exchange-traded funds designed to track the price of XRP, allowing investors to gain exposure to the cryptocurrency's price movements without directly buying or managing it. Several companies have filed for XRP ETF approvals with the US Securities and Exchange Commission (SEC), including ¹:

- *Bitwise Asset Management*: Filed a Form S-1 registration statement for an XRP ETF in October 2024.

- *Canary Capital*: Filed an S-1 form for its proposed Canary XRP ETF in October 2024.

- *ProShares*: Filed for several XRP ETF products, including the ProShares XRP ETF and three additional XRP investment products, in January 2025.

- *21Shares*: Filed for an XRP ETF in late 2024.

- *Franklin Templeton*: Filed for an XRP ETF in March 2025, becoming the ninth firm to do so.

The approval of XRP ETFs could lead to increased demand for XRP, greater liquidity, and more stable price discovery, especially with institutional involvement. However, the ongoing legal battle between Ripple and the SEC over XRP's classification as a security presents regulatory uncertainty that may affect ETF approval ².

*Recent Developments:*

- ProShares is set to launch three XRP Futures ETFs on April 30, 2025, offering investors exposure to XRP price trends without holding the token directly.

- The SEC's decision on XRP-spot ETF approvals may hinge on the withdrawal of its appeal and a favorable Ripple case settlement ³.

*Potential Impact on XRP Price:*

- *Bullish Scenario*: An SEC appeal withdrawal and a favorable settlement ruling could drive XRP toward its all-time high of $3.5505, with potential longer-term growth toward $5.

- *Bearish Scenario*: Appeal withdrawal delays, adverse court rulings, or ETF rejections could see a retreat toward the $1.50 mark ³.