Cboe BZX Files for XRP ETFs – Is XRP ETF Approval Coming Soon?

By / / Crypto News, Daily News
Cboe BZX Files for XRP ETFs – Is XRP ETF Approval Coming Soon?
Table Of Contents
  1. 🚀 XRP ETF on the Horizon? Here's What You Need to Know!
  2. 🔹 Why This XRP ETF Filing Matters
  3. 📊 Market Sentiment & Regulatory Challenges
  4. 📉 XRP Price Prediction – Where Is It Headed?
  5. ⏳ What's Next? SEC Review Timeline
  6. 🔥 Final Thoughts: Excitement Yet?

🚀 XRP ETF on the Horizon? Here’s What You Need to Know!

  • Cboe BZX Exchange made a landmark move in filling out the 19b-4 application for the spot exchange-traded funds (ETFs) based on XRP.
  • The substantial asset management firms in the filing included Canary Capital, WisdomTree, 21Shares, and Bitwise, aiming to introduce the first-ever XRP ETFs in the United States.
  • This move occurred at a critical juncture since XRP continues to be one of the top cryptocurrencies, though awaiting clearer regulations.

🔹 Why This XRP ETF Filing Matters

  • The crypto market has been abuzz ever since the SEC approved Bitcoin and Ethereum ETFs earlier this year.
  • Now that acting SEC Chair Mark Uyeda is seen to be more friendly to crypto, the chances for an XRP ETF approval now look stronger than ever.
  • This filing is a big deal because it forces the SEC to review and consider the proposal, marking a crucial step toward institutional investment in XRP.
  • If approved, XRP ETFs would provide investors with a regulated way to gain exposure to XRP without directly purchasing the asset.

📊 Market Sentiment & Regulatory Challenges

The SEC still has a pending lawsuit against Ripple, and XRP remains in a gray area; however, asset managers will source XRP from the secondary market rather than directly from Ripple to be compliant with current regulations.

  • But amidst these regulatory difficulties, analysts look positively at the future of XRP.
  • 📈 “A spot XRP ETF might see inflows between $4 billion and $8 billion over its first year,” a report by JPMorgan said.
  • “That kind of liquidity is enormous, with mainstream adoption soon to follow that.”

📉 XRP Price Prediction – Where Is It Headed?

Currently trading at $2.31, XRP has dropped 5.93% in the last 24 hours.

However, experts predict that if the ETF gets approved and institutional demand increases, XRP could surge to $3.50–$5.00 by the end of 2025.

📌 Key Factors Influencing XRP’s Price:

✅ A favorable SEC ruling in the Ripple lawsuit
✅ Institutional adoption of XRP’s On-Demand Liquidity (ODL) platform
✅ Increased market stability and positive investor sentiment

⏳ What’s Next? SEC Review Timeline

  • The SEC has up to 45 days to review the application.
  • This time will be crucial as it will show whether the first crypto-based ETF shall be materialized.

📢 An approval would unleash the floodgates of more crypto-based ETFs, cementing XRP as a major player in the regulated financial field.

🔥 Final Thoughts: Excitement Yet?

  • With institutional players stepping in and demand for crypto ETFs growing, this XRP ETF filing could be one of the biggest catalysts for the crypto market in 2025.
  • Whether you’re a trader or a long-term investor, keeping an eye on the SEC’s decision could be a game-changer for XRP.

📢 Stay Tuned for Updates!

Will XRP ETFs finally get the green light? Let us know your thoughts! 🚀

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