The competition to launch an XRP exchange-traded fund (ETF) is intensifying as major financial institutions file with the SEC. Grayscale, Nasdaq, and CBOE are leading the charge, each making strategic moves to bring XRP-based ETFs to the market. Their involvement signals strong institutional interest, reinforcing XRP’s potential in the evolving crypto landscape.
Investors who followed Bitcoin and Ethereum ETFs know what happens next. As demand for regulated crypto investment vehicles grows, XRP stands as the next likely contender. Understanding how these filings impact the market will help investors make informed decisions about XRP’s future.
Top Players Driving the XRP ETF Surge
Grayscale is actively working to convert its XRP Trust into an ETF, following its successful Bitcoin Trust transition. This shift could inject significant liquidity into XRP markets and attract institutional capital. Nasdaq is also making a strong push by supporting CoinShares’ bid to list both XRP and Litecoin ETFs. Their involvement highlights growing diversification beyond Bitcoin and Ethereum.
CBOE has entered the race with even greater ambition. The exchange has filed multiple applications to list XRP ETFs from Canary, 21Shares, Bitwise, and WisdomTree. The sheer volume of filings demonstrates rising confidence in XRP’s potential. With these industry giants leading the way, the momentum for an XRP ETF continues to build.
How Soon Will XRP ETFs Get Approved?
While excitement is high, approval will not happen overnight. According to pro-XRP lawyer Jeremy Hogan, SEC approval itself may come quickly. However, the S-1 registration process will likely slow things down. He predicts an eight to twelve-month timeline before an XRP ETF officially launches.
Yes, the approval can happen that fast, but then the S-1 has to be approved, etc. etc. So, think of it more like 8-12 months.
— Jeremy Hogan (@attorneyjeremy1) February 10, 2025
Thank God I don't work on those for a living.
Some investors worry about Ripple’s ongoing legal battle with the SEC. However, Hogan clarifies that these issues will not affect ETF approval. The courts have already determined that XRP itself is not a security. That decision eliminates a major regulatory hurdle, allowing the ETF approval process to move forward without interference.
XRP ETFs Could Spark a Market Boom
An approved XRP ETF could attract institutional investors, boosting liquidity and stabilizing prices. More hedge funds, pension funds, and retail investors would gain exposure to XRP through an SEC-regulated product. Institutional adoption typically strengthens long-term market performance, making XRP a more reliable asset for investors.
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Price action also remains a key factor. When Bitcoin ETFs received approval, prices surged as institutional capital poured in. Many analysts predict that XRP could experience a similar breakout, with a potential move beyond $1.25. The growing interest in XRP ETFs could drive significant demand, fueling upward momentum in price charts.
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Beyond speculation, XRP maintains real-world utility in cross-border payments and financial institutions. Its use case gives it a strong foundation, setting it apart from purely speculative assets. If an ETF gets approval, credibility and mainstream adoption will likely increase, pushing XRP into the spotlight.
What This Means for XRP Investors
With major institutions placing bets on XRP ETFs, investors should pay close attention. Approval is only a matter of time, and preparation is key. Understanding the ETF process and tracking regulatory updates will help investors make smarter decisions.
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Crypto markets move fast, and the XRP ETF race is accelerating. As institutional demand rises, early positioning could prove advantageous. Those watching for the next big opportunity should keep XRP on their radar.
