JPMorgan has projected that the launch of a spot exchange-traded fund (ETF) for XRP could attract between $3 billion and $8 billion in investments. This estimate draws on the success of last year’s Bitcoin and Ethereum ETFs, which have garnered significant market interest. Currently, ETFs account for roughly 8% of Bitcoin’s market value, while Ethereum ETFs hold a smaller share of approximately 3%. JPMorgan also anticipates that Solana ETFs will capture similar market attention.
Monica Long, a senior executive at Ripple, has expressed optimism that XRP could follow in the footsteps of Bitcoin and Ethereum, with industry players already vying to introduce an XRP ETF in the U.S. Notable firms like Bitwise and WisdomTree are actively competing to bring such a product to market.
ETF analyst Nate Geraci has added to the optimism, predicting the approval of a spot XRP ETF within this year. According to Polymarket users, there is a 59% probability of approval by 2025, with a 50% chance of it happening by July 31.
Ripple’s CEO, Brad Garlinghouse, remains confident that the approval of XRP ETFs is inevitable, despite ongoing regulatory hurdles. While the U.S. Securities and Exchange Commission (SEC) is still involved in an appeal regarding the Ripple case, a shift in the administration’s stance could expedite the approval process. Additionally, with SEC Chair Gary Gensler stepping down next week, industry observers expect regulatory developments that may favor pro-crypto policies.
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