XRP coin is no longer waiting for approval; it is taking direct action. Major asset management firms, including ProShares, have applied for Exchange-Traded Funds (ETFs) based on XRP. This development highlights a significant increase in institutional investors’ interest in XRP. ProShares’ much-discussed application is for a futures-based “Short XRP ETF,” with a targeted launch date of April 30, 2025. This fund will allow investors to gain indirect access to XRP through traditional investment accounts without directly purchasing or holding the altcoin.
Institutional Interest and Liquidity Strength in XRP
According to research by Kaiko, XRP currently leads all altcoins with ten active ETF applications. Its higher number of applications compared to competitors like Solana 
$112, Litecoin, and Dogecoin 
$0.087888 strengthens XRP’s pioneering position in this area. Additionally, the altcoin’s high liquidity is noteworthy, indicating a substantial trading volume close to market prices. The SEC considers liquidity depth an essential criterion while evaluating ETF approvals.
High liquidity helps reduce volatility, allowing investors to trade in a more stable price environment. This situation prepares the ground for greater acceptance of XRP in the corporate finance world.
ProShares’ Move, Ripple Case, and Expert Insights
Crypto analyst John Squire finds it significant that ProShares submitted its ETF application just as expectations for a possible settlement between Ripple 
$1 and the SEC are rising. According to Squire, XRP is no longer a sidelined altcoin but is stepping into the spotlight and gaining attention. His commentary suggests that these developments indicate not just speculation but concrete progress.
The SEC’s new leadership will play a critical role in determining XRP’s future direction. Speculations that the SEC may abandon its appeal in the Ripple case could open the door for spot ETF approval for XRP.
Quiet from BlackRock Raises Eyebrows
ProShares’ move is not an isolated initiative. Significant asset management firms like Bitwise, CoinShares, and 21 Shares have also lined up to offer XRP-based ETF products. These applications reflect an increasing demand from investors for regulated, accessible avenues to invest in XRP. If these applications are approved, the altcoin’s reputation in the traditional finance world could significantly rise.
However, a notable absence stands out: BlackRock. The silence from this giant player in the ETF space is viewed by many experts as a potential turning point. A possible XRP ETF move by BlackRock could reshape the competitive landscape entirely.
