Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
XRP, the third largest crypt in the market, has recently attracted a huge attention for numerous reasons, including the possibility of launching the XRP Spot ETF 2025. In the last year, the XRP market has shown an impressive growth of 395 %.
The recent revelation of Ryana Rasmussen, head of research in Bitwise Invest, indicates that top institutional players are closely watching developments relating to the XRP market.
Rasmussen revealed that a prominent management team was interested in the award of an XRP portfolio of his clients. Emphasizing the extreme confidence of this team in the future of top cryptocurrency, he noted that the team personally holds Bitcoin, Ethereum, Solana, XRP and many others.
2024 was a great year for the Crypto Industry, especially for Bitcoin and Ethereum. In the last year, BTC and ETH have increased by at least 129.5%and 18.9%.
The approval of the ETF -a BTC -A sec -aim approval of the ETH Spot ETF were two significant events that testified last year. These events have influenced the entire crypto industry because they have shook the path of entering more institutional players into the sector. The total market limitations of the cryptocurrency sector has experienced an impressive growth of 98.13% in 2024.
Interestingly, Polymarket bookmakers suggest that there is 80% likelihood that the XRP Spot ETF will be approved in 2025.
Experts believe that if SEC gives approval for the XRP Spot ETF, it will not only benefit from the XRP market, but also to the entire cryptocurrency market.
Expressing uncertainty about whether the wealth management companies will use the XRP Spot ETF products this year, Rasmussen pointed out that although Bitcoin Spot ETF was approved at the beginning of 2024, many distinguished wealth management companies have not yet approved these products for a client’s portfolio.
Several distinguished institutional players have expressed interest in launching an XRP Spot ETF. The US Securities and Exchange Commission currently considers numerous applications that seek approval for the XRP Spot ETF.
Reports suggest that CME Group plans to initiate XRP futures contracts.
The XRP growing institutional interest signals a promising future, especially with the potential approvals of ETF -A CME plans for the future. Although obstacles to compliance still exist for wealth management companies, increasing demand for XRP, Bitcoin and Etheruem in client portfolio emphasizes Crypto -that a growing role in traditional finances. If SEC approves the XRP Spot ETF, it could significantly encourage adoption, which also uses the XRP and the wider crypto market.