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After the historic approval of spot Bitcoin ETFs, the crypto market could soon welcome a new major investment product. WisdomTree, Bitwise, and Canary Capital have filed applications to launch a spot XRP ETF, as Ripple’s native token experiences a spectacular surge of over 400% in the last month.
A race for crypto ETFs that is intensifying
WisdomTree, one of the asset management giants, has just joined the race for spot XRP ETFs alongside Bitwise and Canary Capital. The Bank of New York Mellon has been designated as the trustee for the proposed trust, thus bringing its institutional credibility to the project.
This initiative comes in the wake of the resounding success of spot Bitcoin ETFs, launched in January 2024, which have established themselves as one of the fastest-growing financial products in history.
The timing of these applications is not trivial, as XRP has recently regained its position as the third-largest cryptocurrency by market capitalization, behind Bitcoin and Ether. This resurgence comes after years of stagnation, primarily due to the legal conflict with the SEC.
The market is already speculating on the potential impact of an XRP ETF, relying on the example of Bitcoin ETFs that have helped propel the price of the leading cryptocurrency to new heights.
A regulatory context that is finally clearing up
The announcement of Gary Gensler’s departure from the SEC presidency in January 2025 triggered an immediate 36% rise in XRP’s price. This change at the head of the American regulator suggests the possibility of a favorable resolution to the legal dispute between Ripple and the SEC that has persisted for several years.
Arthur Azizov, CEO of B2BinPay, emphasizes that “the XRP has gone through an accumulation phase for nearly three years” and that this long consolidation period could herald a significant rise. The prospect of a more favorable regulatory environment, combined with the “immense potential” of the project, could allow XRP to surpass its all-time high of 2017.
The expected appointment of a new SEC chairman by Donald Trump, who has close ties with the crypto industry through his NFT projects and his World Liberty Financial platform, could accelerate this positive momentum.
Market observers see this change in leadership at the SEC and the ETF applications as potential catalysts for a possible IPO of Ripple, marking a new stage in the maturation of the crypto sector.
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Passionné par le Bitcoin, j’aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l’outil qui peut rendre cela possible.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
