#XRPETF The hashtag #XRPETF is generating a lot of speculation about exchange-traded funds (ETFs) linked to XRP, the native cryptocurrency of Ripple. Based on recent web activities and on X, here is the current landscape:
• Momentum and Applications: XRP is one of the top candidates for a spot ETF in the US, with 10 active applications from major companies like Grayscale, Bitwise, and VanEck, surpassing Solana (5 applications) and others like Litecoin and Dogecoin (3 each). Bloomberg analyst Eric Balchunas highlighted 72 applications for cryptocurrency-related ETFs, with XRP among the leaders.
• Recent Developments: On April 8, 2025, Teucrium launched the first XRP ETF in the US (ticker: XXRP), a 2x leveraged fund, not a pure spot ETF, which recorded over $5 million in volume on launch day. ProShares applied for three XRP futures ETFs (UltraShort, Ultra, and Short XRP ETFs), with a planned launch for April 30, 2025.
• SEC and Regulatory Outlook: Optimism is growing with the appointment of Paul Atkins, more favorable to cryptocurrencies, as the new SEC chairman, approved by the Senate on April 9, 2025. Bettors on Polymarket give a 79% chance of XRP's spot ETF approval by the end of the year. The SEC's recent pause on appealing the decision regarding Ripple's programmatic sales reinforces hope for regulatory clarity.
• Market Impact: Analysts foresee strong demand, with potential inflows of up to $8 billion if approved. The price of XRP, currently between $2.05 and $2.15, could rise to $3.50 or more with ETF approval, with optimistic forecasts reaching $10 to $20 by the end of 2025. However, BlackRock's absence in XRP ETF applications, citing legal uncertainties and lower liquidity compared to Bitcoin and Ethereum, moderates expectations.
• Global Context: In Brazil, the first XRP spot ETF (XRPH11) would have been launched, and in Asia, Hong Kong's HashKey Capital is exploring XRP ETF products, signaling growing international interest.
Sentiment on X: Posts reflect enthusiasm, with mentions of the ProShares ETF launch on April 30 and the spot ETF in Brazil, although some warn against unchecked exaggerations.
Critical Note: Despite the enthusiasm, posts on X, such as those from @RippleXrpie, may exaggerate or distort facts (e.g., SEC approval not confirmed). Always verify the information, as ETF approval depends on regulatory changes and market dynamics. The SEC's deadline of May 22, 2025, for some applications is a key date to watch.