#XRPETF Based on recent activities on the web 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 on April 30, 2025.
• SEC and Regulatory Outlook: Optimism is rising with the appointment of Paul Atkins, more favorable to cryptocurrencies, as the new SEC chair, approved by the Senate on April 9, 2025. Bettors on Polymarket give a 79% chance of approval for a spot XRP ETF 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 predict 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 the approval of an ETF, with optimistic forecasts reaching $10 to $20 by the end of 2025. However, BlackRock's absence from XRP ETF applications, citing legal uncertainties and lower liquidity compared to Bitcoin and Ethereum, moderates expectations.
• Global Context: In Brazil, the first spot ETF for XRP (XRPH11) would have been launched, and in Asia, Hong Kong's HashKey Capital is exploring XRP ETF products, signaling a 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 caution against unchecked hype.
Critical Note: Despite the enthusiasm, posts on X, such as those from @RippleXrpie, may exaggerate or distort facts (e.g., unconfirmed SEC approval). Always verify 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.
