XRP ETF: Could it trigger a new Ripple surge in 2025?
After Trump's victory in November, the #cryptocurrency market took off: during the month, #XRP rose 54.65% to $2.31, and its market capitalization reached $132.3 billion, or 270% quarter-on-quarter. Today, XRP is down 4% to trade at $4.25, but trading volumes are at record highs and the market is optimistic.
amid XRP's uptrend, the latest sensation is the recommendation to create an XRP #ETF . Leading cryptocurrency IRA platform iTrustCapital is evaluating its potential impact and how it could boost XRP. Following the approval of spot ETFs on #bitcoin and Ethereum earlier this year, XRP is now attracting attention, and several asset managers have filed applications to launch an XRP ETF
Bitwise took the lead and filed an S-1 filing with the SEC on October 2, 2024. Canary Capital, 21Shares and WisdomTree soon followed, with the latter filing on December 2 Grayscale Investments and Bitwise are also considering launching an ETF basket containing XRP, indicating a growing interest in tokenized investment products
iTrustCapital explained the benefits of XRP ETFs, focusing on two possible scenarios: ease of access and monitoring. These instruments provide greater investor protection by allowing investors to access XRP through traditional securities accounts while operating in unregulated financial markets. In addition, XRP ETFs are regulated assets with minimal risk.
However, there are notable drawbacks: ETFs have limited trading time, do not allow direct ownership of XRP, and are associated with tracking errors and high fees, which may reduce the interest of some investors.
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