Issue for XRP ETF

There is currently no XRP ETF available. Similar to the situation with Solana, there are a few reasons for this:

SEC Lawsuit: The SEC's ongoing lawsuit against Ripple Labs, the company behind XRP, is a major hurdle. The lawsuit alleges that XRP is an unregistered security. This creates uncertainty for regulators considering an XRP ETF.

Regulatory Approval Process: Even if the lawsuit is settled favorably for Ripple, gaining approval from the SEC for an XRP ETF would likely take time. The SEC would need to be comfortable with XRP's regulatory status.

Here's a closer look at the situation:

Investor Interest: Despite the lawsuit, there is interest from investors in an XRP ETF. XRP is a well-established cryptocurrency with a large market cap.

Potential for the Future: If the SEC lawsuit is resolved positively for Ripple, and the regulatory environment becomes clearer, an XRP ETF could become a possibility in the future.

However, there are some alternative options to consider for gaining exposure to XRP:

Buying XRP directly: You can buy XRP directly on cryptocurrency exchanges. This allows for direct ownership of the XRP tokens.

ETPs (Exchange-Traded Products): There are currently ETPs available in some countries that track XRP. ETPs are similar to ETFs but with some structural differences. It's important to understand the specific product before investing. One example is the 21Shares Ripple XRP ETP (AXRP).