XRP is seeing increased interest from asset managers seeking to launch exchange-traded funds and futures tied to the digital currency. The demand signaled a major transition from the token’s past when it faced regulatory scrutiny that questioned its legal status.
According to attorney John Deaton, the legal pushback that helped shape XRP’s current market acceptance began nearly four years ago. At the time, Deaton filed a Motion to Intervene in the lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission.
His initial effort represented just 12,600 XRP holders, a number that eventually grew to over 75,000. Deaton highlighted that the affidavits provided by XRP holders played a role in the judge’s summary judgment, which closed the prolonged legal standoff.
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XRP’s Market Revival Gains Momentum with New Product Launches
The resolution of the Ripple-SEC case has opened the door to a wave of financial products built around XRP. Bitnomial, a Chicago-based trading firm, is among the first to announce plans for an XRP futures ETF. The company has reportedly pursued regulatory approval for the product since early 2024.
Coinbase announced it would introduce XRP futures options for its exchange during the current month—the recent move by Coinbase positions the digital asset foundationally into regulated trading platforms.
XRP ETF applications are being prepared by multiple asset managers, including Grayscale, Bitwise, Canary Capital, and Coinshares, for submission to the U.S. Securities and Exchange Commission. The pending approval of these applications will establish XRP as a member of the cryptocurrency group already included in similar investment products.
Ripple Labs delivered further attention to the token by supporting its recent prominence. Through continuing advocacy of XRP tokenization capabilities, the firm works to establish additional long-term uses for this cryptocurrency.
Traditional financial companies and the entire crypto market are paying heightened attention to XRP, signaling its entry into a new development stage. Based on its structured investment vehicle prospects, the token is exiting its regulatory limelight.
Conclusion
XRP’s transition from regulatory uncertainty to growing institutional adoption marks a significant moment for the asset. As demand for ETFs and futures rises, the market appears to align more closely with XRP’s evolving role in the financial sector.
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