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The U.S. Securities and Exchange Commission (SEC) has reportedly received multiple applications for spot XRP ETF offerings from several asset management firms.
Industry giants, including Bitwise, Canary Capital, 21Shares, and WisdomTree, have submitted proposals aiming to provide investors with regulated exposure to XRP ETFs.
JUST IN: 🇺🇸 10 $XRP ETF filings now submitted to the SEC. pic.twitter.com/mfJOlZwNOR
— Whale Insider (@WhaleInsider) March 17, 2025
Growing Trend of XRP ETFs
The wave of XRP ETF filings follows the broader trend of digital asset ETFs gaining traction in the financial market. According to financial services firm State Street, cryptocurrency ETFs are projected to surpass precious metal ETFs in North America by the end of 2025, making them the third-largest asset class in the $15 trillion ETF industry, behind equities and bonds.
Could XRP ETF Approval Skyrocket Prices?
The potential approval of a spot XRP ETF has sparked speculation regarding its impact on the price of XRP. Market analysts suggest that such an approval could lead to significant institutional inflows, possibly driving XRP’s value to new highs. Some AI-driven models predict that XRP could rise to the $10–$50 range if a spot XRP ETF is approved under bullish conditions.
Furthermore, JPMorgan analysts estimate that a spot XRP ETF could attract between $3 billion and $8 billion in institutional investments, potentially pushing XRP’s price between $5 and $8.
However, these projections remain speculative and are subject to market fluctuations and broader economic conditions.
‼️BREAKING: NASDAQ ADDS US #XRP ETF IN NEW FILING!! THIS IS MASSIVE NEWS!!‼️ pic.twitter.com/mRLbt9rwvm
— FinanceBro (@FinanceBroYT) March 17, 2025
SEC’s Decision and Market Implications
The SEC is currently reviewing the submitted XRP ETF applications, with decisions expected later this year. The approval or rejection of these ETFs will likely have a profound impact on XRP ETF adoption and valuation in the crypto market.
As the crypto community awaits regulatory clarity, investors remain optimistic about the potential of XRP ETFs in reshaping the digital asset investment landscape.
[…] market. According to data from Cointelegraph Markets Pro and TradingView, XRP, Ripple’s native cryptocurrency, experienced a 10% price surge following the announcement of the SEC’s […]