- XRP spot ETFs could gain SEC approval within two months, allowing investors to access the coin through regulated platforms.
- Regulatory clarity and growing institutional interest may accelerate broader crypto ETF adoption.
XRP may soon be available to mainstream investors. Analysts expect the U.S. Securities and Exchange Commission (SEC) to approve spot Exchange-Traded Funds (ETFs) for XRP within the next two months. This would allow both retail and institutional investors to buy XRP through regulated platforms without holding the cryptocurrency directly.
Major Firms Await XRP ETF Approval
Top asset managers like Bitwise, Grayscale, and CoinShares are waiting for the SEC’s green light. The regulator recently postponed its decision, but deadlines are coming in October. Grayscale must receive approval by October 18 to convert its XRP Trust into a Spot ETF. 21Shares follows the next day.
Spot ETFs track the price of a cryptocurrency. Investors do not need to own the coin to invest. This makes the product attractive to institutions that require regulated investments. Nate Geraci, President of NovaDius Wealth Management, predicts the first XRP spot ETFs will launch within two months. Bloomberg analysts agree, estimating a 95% chance of approval this year.
Regulatory Clarity Could Boost XRP ETF Launch
The U.S. House recently passed the CLARITY Act. This bill aims to define the roles of the SEC and Commodity Futures Trading Commission (CFTC) in overseeing cryptocurrencies. If the Senate and President approve it, the law will create a clear framework for spot crypto ETFs. This could speed up XRP ETF approval and make investing in crypto safer for everyone.
Growing Interest from Institutional Investors
Experts expect ETF approvals to expand beyond XRP. Altcoins like Solana (SOL) and Litecoin (LTC) may also get ETFs by October. Existing Spot Ethereum ETFs might soon allow staking, giving investors extra returns.
Investors are watching closely. The SEC’s decision in the coming weeks could mark a historic moment for crypto. With XRP potentially reaching Wall Street, both retail and institutional investors could access this popular digital asset through mainstream investment platforms.
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