In a recent post on X, Jack The Rippler, a prominent member of the XRP community, highlighted that approximately 15 XRP exchange-traded fund (ETF) filings have been submitted, signaling a growing interest in regulated investment products linked to the cryptocurrency.
The development follows the success of Bitcoin ETFs, which have significantly influenced Bitcoin’s market price. Industry analysts suggest XRP could experience a similar trajectory if ETF approvals proceed.
Recent data shows that leading financial firms have filed for spot XRP ETFs, mirroring the pattern in Bitcoin ETF approvals. The filings come amid increasing institutional interest in digital assets, prompting speculation about XRP’s future price movement.
Historically, ETF approvals have acted as catalysts for price surges in cryptocurrencies, as seen in Bitcoin’s rally following the launch of spot Bitcoin ETFs.
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Growing Institutional Interest in XRP ETFs
The Securities and Exchange Commission (SEC) has begun reviewing some filings, with applications from major financial firms awaiting further regulatory assessment. Market experts believe institutional backing through ETFs could increase adoption and liquidity for XRP.
The SEC’s evolving stance on cryptocurrency-based financial products has also fueled optimism regarding potential approvals. The regulatory body recently acknowledged applications for spot XRP ETFs from firms such as Grayscale and 21Shares, initiating a structured review process.
This acknowledgment does not equate to immediate approval but marks a critical step in the decision-making process.
In a related development, the SEC has also acknowledged Dogecoin ETF filings. According to Eric Balchunas, a senior ETF analyst at Bloomberg, the SEC’s acknowledgment of Dogecoin’s 19B-4 filings suggests a more favorable regulatory stance toward altcoin ETFs.
Historically, similar filings were withdrawn shortly after submission, but the recent acceptance could indicate increased approval odds. XRP has shown price fluctuations following these filings, with investors closely monitoring updates from regulatory authorities.
Cryptocurrency has historically been a subject of regulatory scrutiny. Still, recent developments indicate a shifting landscape in favor of digital asset investment products due to the change of SEC leadership after Donald Trump’s win as the President of the United States, who is pro-Crypto.
Market Reactions and Price Speculation
The cryptocurrency community has responded positively to the news, with market participants speculating on the potential impact of ETF approvals. Some analysts predict that XRP could experience substantial price growth if ETFs gain regulatory approval, as institutional investors would gain exposure to the asset through traditional financial markets.
According to XrpUdate, an XRP-focused platform on X, XRP, it could reach $100 following potential ETF approvals. This speculation has further fueled excitement within the market, with investors closely tracking regulatory developments.
However, regulatory hurdles remain a key factor in determining the timeline for potential approvals. The SEC’s review process could take several months, with final decisions expected later this year.
The growing number of ETF filings underscores the increasing demand for structured cryptocurrency investment vehicles. As the market awaits further regulatory decisions, XRP remains a focal point in discussions surrounding digital asset adoption and financial innovation.
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