Will We See an XRP ETF Soon? What Do Crypto Industry Experts Think?

Interest in an XRP exchange-traded fund (ETF) in the United States is gaining traction, fueled by increasing optimism from industry experts and a recent filing by Canary Capital.

Despite the ongoing appeal by the US Securities and Exchange Commission (SEC) in the Ripple case, market participants maintain a positive outlook on XRP’s future.

Canary Capital’s recent application marks the second attempt to establish an XRP ETF, following a similar effort by Bitwise earlier this month. These developments indicate a rising confidence in Ripple’s cryptocurrency among Wall Street investors.

Nate Geraci, president of ETF Store, expressed optimism, suggesting that the approval of such an ETF hinges more on timing than on the possibility of it happening.

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He highlighted that shifts in the political landscape, including potential changes in presidential or SEC leadership, could significantly influence the direction of cryptocurrency regulation.

SEC Chairman Gary Gensler is facing mounting criticism from the crypto community, with accusations of the agency overreaching its regulatory authority.

However, some, including Geraci, believe that a change in administration could create favorable conditions for the approval of XRP ETFs. High-profile supporters, such as pro-XRP attorney Bill Morgan and Ripple CEO Brad Garlinghouse, also share a hopeful perspective.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.