Investment inflows into XRP-focused products surged to $438 million in 2024, marking a 2,433% increase compared to 2023. Just a year prior, the growth of these products was much more modest, rising from $9 million to $18 million during the 2022-2023 period. According to data from CoinShares, XRP-focused ETPs are currently managing a total of $929 million in assets. This rapid growth has made XRP the third-largest altcoin in terms of capital flows into ETPs.
XRP has attracted significant attention after Ripple's legal battle with the SEC, a lawsuit that clarified that XRP is not a security. This has removed an important barrier for many investors, especially institutions that are wary of regulatory uncertainty. Subsequently, the price of XRP began to experience significant volatility, largely due to investors' predictions about changes in U.S. policy. With SEC Chair Gary Gensler expected to resign in the next two weeks, the market is hopeful that a new leader will bring more favorable conditions for the crypto market.
XRP price chart 1 day | Source: TradingView
Amid this growth, speculation about the launch of an XRP ETF in 2025 has become lively. Several applications have been submitted to the regulatory agency, starting with Bitwise in October, followed by applications from Canary Capital, 21Shares, and WisdomTree.
These ETFs will help investors access XRP without needing to directly own the currency, providing an easy and regulated way to participate in the market.
Monica Long, President of Ripple, believes that XRP will be the next currency approved for a spot ETF in the United States. In an interview with Bloomberg on Tuesday, Long predicted that many cryptocurrency ETF funds would be launched in 2025. Last year, the SEC approved Bitcoin and Ethereum ETFs. With several companies having submitted applications for the approval of a spot XRP ETF, Long hopes the approval process for these filings will be expedited this year.
Ripple believes that this year will be a significant year for cryptocurrency 'in general'. Therefore, demand for stablecoin products, including RLUSD, is expected to rise. In December, the company officially launched the stablecoin RLUSD, and this coin has now been listed on several trading platforms. Long stated that RLUSD will soon be listed on more major exchanges in the near future, while also revealing that there will be more announcements regarding the release of the RLUSD token in the coming time.
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