Quick Recap:The crypto fans and enthsiasts are hyped for Spot XRP ETFs, with big big names like Bitwise, 21Shares and WisdomTree racing for SEC approval.
The ETF Race Is On
XRP’s getting serious love as heavy hitters like Bitwise Asset Management and WisdomTree file for Spot XRP ETFs. First out the gate was Bitwise, dropping their S-1 application on October 2. WisdomTree joined the party in December, pitching their “WisdomTree XRP Fund” to be listed on the Cboe BZX Exchange.
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Regulatory Roadblocks (Or Not?)
The SEC’s been a total buzzkill for crypto ETFs in the past, citing market manipulation fears. But here’s the twist BlackRock’s Spot Bitcoin ETF got the nod this year, signaling a vibe shift. Plus, SEC Chair Gary Gensler (aka crypto’s biggest villain) is set to leave soon, which could totally change the game.
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Ripple Wins & What’s Next
Ripple’s epic legal W against the SEC over XRP’s status as a security adds fuel to the ETF hype train. Analysts say a Spot XRP ETF could bring more big-money players into the game, boosting liquidity and market value. While SEC filings usually take months, keep your eyes peeled 2025 might just deliver the goods in Q1 or Q2.
Sahil Poudel
