The monthly growth is 27%, which makes it one of the biggest crypto gainers.

Some people are waiting for the ETF. But will it come soon?

1️⃣ Bullish numbers

XRP Ledger activity grew, especially in new addresses and total active addresses.

Both of them have reached the ATH since March.

In just a single day, 1,721 wallets were created. The highest number since March 30.

In another day, there was a peak of 47K active addresses. That's a peak since March 9.

In a week, crypto whales bought over 140 million XRP, or $84 million.

This all contributed to the overall growth of 27%.

2️⃣ SBI Holdings

They are going to make a joint venture with Franklin Templeton. The main goal of this collaboration is to bring Bitcoin ETFs to Japan and probably Ripple ETFs to the US.

Why are people sure about it? SBI Holdings is one of the biggest XRP supporters.

In 2016, it created SBI Ripple Asia, which promoted Ripple technology.

In 2018, that company talked with Japanese banks about using Ripple mechanics for payments.

There are high chances they will push the XRP ETF to the US market.

3️⃣ Bearish news

But there are a few bad news:

1. Bitcoin Conference 2024 mood

There, Robert Mitchnick, BlackRock's Head of Digital Assets, said that Solana and Ripple ETFs are unlikely to happen soon.

He explained that both of them are not mature and liquid enough, so they won't work well as ETFs.

But many people disagree showing the Europe SOL and XRP ETPs.

2. SEC vs. Ripple

It started from 2020. At that time, the SEC accused Ripple of raising more than $1.3 billion in 2013 by selling XRP in an unregistered security offering to investors.

And yesterday, on July 25th, they had a closed-door meeting. Traders expect the end of the SEC lawsuit by July 31st.

Even if it finishes soon, the SEC will have an unpleasant aftertaste.

4️⃣ When ETF?

To have an ETF, the asset should have:

- demand

- support from regulators

- liquidity

Comparing with ETH, XRP has a volume in 20 times lower... Solana is seven times lower.

But! Donald Trump may include Solana and Ripple ETFs into his presidential campaign. And do everything for their fast launch, so it will increase his chances of winning the race.

Still, it will happen after the Solana one.