While Ripple grapples with its legal situation, another major development is stirring optimism among XRP investors. The U.S. SEC recently acknowledged an ETF application from Grayscale Investments to convert its Digital Large Cap Fund (GDLC) into an exchange-traded fund. If approved, the ETF would grant institutional investors regulated exposure to major digital assets, including Ripple’s XRP, Bitcoin, and Ethereum. Grayscale’s inclusion of XRP in its ETF application aligns with growing demand for XRP-based investment products, which are also being explored by firms like Bitwise and Canary Capital.
Ripple CEO Brad Garlinghouse has repeatedly voiced his belief that an XRP ETF approval is “inevitable.” Following the introduction of Bitcoin and Ethereum ETFs, there is growing momentum behind the push for an XRP-based ETF. If approved, this could catalyze further institutional interest, broadening access to XRP as a regulated investment option and likely leading to increased liquidity and visibility for Ripple’s token.
What’s Next for XRP?
As XRP grapples with market pressures and regulatory challenges, the next few months could prove pivotal. If Ripple manages to secure a favorable legal outcome and the SEC moves forward with ETF approvals, XRP could find itself in a more stable position within the broader crypto market. With legal clarity on the horizon and increasing institutional interest, XRP has the potential to make a substantial recovery, potentially driving price movements in ways not seen since the beginning of the SEC lawsuit.
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