XRP surged 6% after the U.S. Securities and Exchange Commission (SEC) acknowledged ETF filings from CoinShares, Canary, and WisdomTree, fueling optimism about the potential approval of an XRP exchange-traded fund. The filings mark a significant step toward bringing XRP-based investment products to the mainstream market.
Investors reacted positively to the news, viewing the SEC’s acknowledgment as a sign that regulatory scrutiny over XRP may be easing. While approval is not guaranteed, the development has bolstered market confidence, with traders speculating that an XRP ETF could follow the success of recent Bitcoin ETF launches.
The move comes amid growing institutional interest in cryptocurrency ETFs, as fund managers seek to expand investment options beyond Bitcoin and Ethereum. If approved, an XRP ETF could provide greater liquidity and accessibility for traditional investors, potentially driving further price appreciation.
Regulatory uncertainty has long been a major hurdle for XRP, with the ongoing Ripple vs. SEC legal battle influencing sentiment. However, the SEC’s formal acknowledgment of these ETF applications signals a potential shift in regulatory posture, at least in terms of considering new financial products tied to XRP.
Market analysts believe that continued regulatory developments and institutional adoption will be key factors in XRP’s long-term price trajectory. While volatility remains a concern, growing optimism around crypto ETFs has provided a short-term boost to market sentiment.
For now, traders are watching closely for further updates from the SEC, as any signs of progress toward ETF approval could trigger additional momentum for XRP’s price movement.
