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XRP has been attracting significant attention in recent months, particularly with the likelihood of a spot XRP ETF being approved in the US this year, estimated at an 80% chance. The cryptocurrency has surged in value over the past year, gaining 395%, which has captured the interest of both retail and institutional players. Expectations surrounding the future of XRP have intensified with the potential ETF approval on the horizon.
Impact of Spot ETF on XRP: Increased Institutional Interest
Ryan Rasmussen, head of research at Bitwise Invest, indicated a high probability that spot XRP ETFs will be approved by 2025. He noted that major institutional investors are showing keen interest in the altcoin and desire to include XRP in their investment portfolios. Furthermore, some asset management teams have shown a preference for Bitcoin 
$104,016, Ethereum 
$2,621, Solana 
$181, and XRP.
These statements from Bitwise Invest’s research head suggest that the increasing demand for XRP presents a significant opportunity for the cryptocurrency market.
As institutional interest grows, there is a broader acceptance beginning to take root in the cryptocurrency space. The approvals of spot Bitcoin and Ethereum ETFs have bolstered trust in the market and attracted more investors. XRP may follow this path, potentially allowing more institutional investors to enter the market, which could support its growth across the entire cryptocurrency sector.
Eyes on the SEC’s Decision
The US Securities and Exchange Commission (SEC) has been reviewing applications for spot XRP ETFs for some time. The SEC’s approval could significantly accelerate XRP’s acceptance not only in its market but also among global cryptocurrency investors. If approved, the altcoin’s value could rise substantially.
However, the SEC’s approval process is complex. The recent approvals of spot Bitcoin and Ethereum ETFs have paved the way, yet compliance issues remain. As the cryptocurrency market awaits the SEC’s decision on the ETF, CME Group’s plans to launch XRP futures contracts also draw attention.
With all these factors in play, the future of XRP appears promising. Increasing institutional interest and the potential SEC approval could enhance its value. Nevertheless, several hurdles must be overcome for approval, particularly compliance issues that hinder asset management companies. However, as interest in XRP grows, these challenges are expected to be addressed.
