A potential Ripple (XRP) exchange-traded fund (ETF) has been the talk of the crypto town for a while, and rightfully so. Being the third largest non-stablecoin asset in the crypto sphere, Ripple’s (XRP) institutional appeal is strengthened by big names in traditional banking already using the XRP Ledger for fast & cost-efficient cross-border payments.
Why An XRP ETF Is Closer Than You Think
Naturally, extra market confidence is being felt after Ripple CEO Brad Garlinghouse’s recent statements about the U.S. Securities and Exchange Commission’s (SEC) decision to put an end to the Ripple vs. SEC lawsuit. As the discussions behind closed doors intensify, top ETF analysts measure the odds of the largest asset managers joining the XRP ETF race soon.
In further detail, BlackRock and Fidelity were named as the top candidates to apply for an XRP ETF product in the coming days, according to the ETF Store President Nate Geraci. In the early morning this Wednesday, the well-regarded ETF specialist posted a message on X, insisting that the Ripple (XRP) ETF is inevitable: “lawsuit coming to end… Seems obvious spot XRP ETF approval simply a matter of time IMO.”
Is BlackRock Taking A Swing At XRP ETF?
Currently, there’s 11 filings for an $XRP ETF product, coming from various asset management heavyweights, including Grayscale, WisdomTree, Canary Capital, Coinshares, Bitwise, 21Shares & multiple others. While analysts believe the issuance of these products will happen by the end of 2025, Ripple’s CEO Brad Garlinghouse hinted at why BlackRock would need the $XRP ETF soon.
Refraining from speculating in the short-term, Mr. Garlinghouse explained that the positive headwinds of the Ripple vs. the SEC lawsuit has opened the opportunity to focus on how digital currencies can have consistent utility cases and solve real world issues.
In XRP’s case, the OG chain is already used by institutional investors for cross-border payments and on-demand liquidity (ODL), while the issuance and tracking of the RLUSD and Real World Asset (RWA) tokenization on XRP Ledger are fresh features that are meant to push the institutional demand even higher.
On The Flipside
- Ripple is by far not the only stakeholder of the XRP coin, enabling the community developers to contribute towards the chain’s growth by building their own decentralized applications (dApps).
- Artificial intelligence (AI) driven projects like XRPTurbo ($XRT) are quickly gaining traction among XRP whales, with one of them contributing a whopping 20,000 XRP coins in the launchpad’s presale.
Why This Matters
After the successful launch of Bitcoin and Ethereum Spot ETFs, major-cap altcoins have been competing to introduce the most compelling crypto ETF product. Besides, the recent resolution of Ripple vs. the SEC lawsuit erased a key hurdle that prevented $XRP powered ETF products from issuance.
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