In the midst of significant developments in the cryptocurrency sphere, the altcoin XRP is steadily advancing toward the center of the financial world. Following ProShares’ application for the “Short XRP ETF,” all eyes are now on the SEC’s forthcoming decision regarding Grayscale’s XRP ETF. Particularly with Hashdex launching a spot XRP ETF based on the Nasdaq XRP Reference Price Index, the demand for XRP-based investment products has reached new heights.
Increasing Interest in XRP ETFs and Rising Competition
XRP has outpaced major altcoins such as Solana 
$180, Litecoin, and Dogecoin 
$0.245335 in terms of ETF applications. According to data from Kaiko, XRP currently holds the position of the altcoin with the most ETF applications. This trend illustrates a robust interest among investors in XRP.
$2-XRP-ETF.webp” alt=”” width=”1284″ height=”1002″ />Thanks to its high liquidity, XRP has become an attractive option for both institutional and individual investors. The ease with which an asset can be bought and sold is one of the critical factors that regulators consider when approving ETFs. This characteristic paves the way for the altcoin to secure a more solid foothold in the investment world.
Industry giants like Bitwise, 21Shares, and CoinShares are also moving to offer XRP-based investment products, highlighting the accelerated institutional adoption in the cryptocurrency market. However, the most crucial development for investors will be the potential approval of Grayscale’s XRP ETF application.
How Ripple – SEC Lawsuit Affects ETF Approval
Another factor heightening excitement around XRP is the speculation regarding a potential settlement between Ripple and the SEC. Crypto analyst John Squire suggests that an agreement between the parties could be imminent. This type of development is considered one of the key factors that could open the door for XRP-based ETFs.
Squire believes that ProShares’ ETF application is a clear sign that the altcoin is beginning to take on a more permanent role in the financial system. Positive comments from regulatory authorities, including former SEC member Paul Atkins, indicate that perceptions surrounding XRP are shifting.
If a settlement between Ripple and the SEC occurs, it could create a strong foundation for the approval of Grayscale’s XRP ETF application. In such a scenario, XRP may become more visible both in regulated financial products and mainstream investment channels.
Currently, experts emphasize that XRP’s future in the financial world looks quite promising. However, the development that would truly create a significant impact would be the SEC’s official approval of Grayscale’s application. A potential Ripple-SEC settlement could eliminate one of the major obstacles to that approval.
