The financial world is buzzing with an almost certain expectation: a U.S. spot XRP Exchange Traded Fund (ETF) is on the horizon. Industry experts and market predictions point to an imminent approval, heralding a significant shift in how institutional investors can access XRP.
The Inevitable Launch of an XRP ETF
The likelihood of a U.S. spot XRP ETF approval is remarkably high, nearing certainty according to figures like Nate Geraci, head of the ETF Store. Geraci predicts an "inevitable" approval, with potential inflows of $5 billion in the first month alone, surpassing even the current 87% probability seen in prediction markets. This reflects a strong conviction that XRP is poised to receive similar institutional treatment as Bitcoin and Ethereum. Canary Capital’s CEO further underscores XRP's prominence, identifying it as the most recognized cryptocurrency on Wall Street after Bitcoin.
Key Dates and Regulatory Breakthroughs
All eyes are on October, as the SEC is scheduled to make multiple decisions on XRP ETF applications. The review process kicks off with Grayscale on October 18, followed swiftly by 21Shares and Bitwise. A cluster of decisions includes CoinShares and Canary Capital, with WisdomTree rounding out the approvals on October 24. This flurry of activity signals a critical juncture for XRP, largely influenced by Ripple's partial legal victory in 2023, which significantly reduced regulatory uncertainties. Should these approvals come to fruition, XRP is not merely catching up; it could become the defining success story of this year's highly anticipated ETF race.
