After months of speculation, the XRP community is starting to see clear signs that an XRP Exchange-Traded Fund (ETF) could soon become a reality.

The Path to an XRP ETF

Following the successful launch of #bitcoin☀️ and #etherreum ETFs this year, the XRP community began hoping that their favorite cryptocurrency would be the next in line for an ETF. Given XRP's importance and clear regulatory status, many supporters believe that an XRP ETF deserves a place in the financial market.

Recent market developments are bringing this possibility closer. Researcher Anderson highlighted several key points in a Wednesday post on social media platform X (formerly Twitter), indicating that the market is preparing for the arrival of an XRP ETF.

Key Signals of Preparation for an XRP ETF

One major signal is Grayscale's decision to open an XRP Trust in September. This strategic move could be a precursor to an XRP ETF. Grayscale is considered one of the most prominent managers of crypto assets, raising expectations that the company will play a critical role in a potential XRP ETF approval.

In addition to Grayscale, Bitwise filed an application with the SEC on October 2 to launch an XRP ETF. Financial experts, including Eric Balchunas from Bloomberg, commented that this move might be a bet on a leadership change at the SEC if Donald Trump becomes the next U.S. president.

Another asset manager, Canary Capital, submitted its application for an XRP ETF on October 8. Notably, this marks their first foray into digital assets, driven by investor demand for alternatives to Bitcoin and Ethereum.

XRP ETF Discussion at Ripple Swell

The upcoming Ripple Swell conference, set for October 14, will feature discussions on cryptocurrency ETFs. This annual event will focus on crypto ETFs, with Eric Balchunas from Bloomberg leading the discussions. Key industry figures, including managers from Bitwise and State Street Global Advisors, will also participate.

Earlier Hints About an XRP ETF

Discussions about an XRP ETF have been circulating for some time. In January, BlackRock CEO Larry Fink avoided commenting on the possibility of an XRP ETF during an interview. Similarly, the CEO of Ripple mentioned in February that an XRP ETF is inevitable. At the time, these comments sparked optimism within the XRP community, which now seems to be validated by recent developments.

#ETFEthereum , #ETFBitcoin , #XRP_ETF

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