XRP is on the brink of a historic milestone as the first U.S. spot XRP ETF could debut next week, igniting massive institutional excitement, signaling accelerating mainstream adoption, and positioning Ripple’s ecosystem at the forefront of digital finance.
XRP ETF Could Go Live in the US Next Week, Fueling Massive Market Anticipation
is gaining renewed bullish traction as investors anticipate the launch of the first spot exchange-traded fund (ETF) as early as next week. Investment management firm Canary Capital confirmed on Nov. 5 at Ripple’s Swell conference in New York that it is preparing to introduce an ETF, following the of its HBAR and ETFs. The development has energized the crypto market, signaling a shift toward wider institutional acceptance of digital asset investment vehicles.
Canary Capital CEO Steven McClurg stated:
We just launched our first two ETFs last week and hoping to launch an ETF next week.
Highlighting ’s broader market role, McClurg said: “The way to think about is to think about the Ledger, and what that is, is financial rails. Think about it as a competition to the financial system, a competition to Wall Street. It’s the rails and the ecosystem that will help drive global payments.”
Novadius Wealth President Nate Geraci expressed optimism on social media platform X on Nov. 2. He predicted: “Sometime in next two weeks, I expect launch of first spot ETFs.” He noted that the SEC had been litigating against Ripple for the past five years, until three months ago. Noting that the crypto industry has come a long way, he opined:
IMO, launch of spot ETFs represents final nail in coffin of previous anti-crypto regulators.
Bitwise also recently for an ETF, indicating confidence in a quick launch and strong inflows following the of its ETF, BSOL. Chief Investment Officer Matt Hougan said the fund could reach $1 billion in assets within months. Analysts expect significant institutional demand supported by renewed optimism and strong backing from the community.
FAQ 🧭
- What is sparking renewed investor interest in XRP? Investor enthusiasm is growing around the upcoming launch of the first spot ETF, a milestone signaling stronger institutional confidence in digital asset funds.
- Who is launching the XRP ETF and what is its importance? Canary Capital is preparing to introduce the ETF, following its successful HBAR and ETFs, marking a major advancement in mainstream crypto investment accessibility.
- How could the XRP ETF shape institutional investment in digital assets? The ETF is expected to draw substantial institutional participation, with projections of rapid asset growth and a broader shift toward regulated crypto investment products.
- What role does the XRP Ledger play in global finance? Canary Capital CEO Steven McClurg described the Ledger as a competitive financial infrastructure designed to power global payments and challenge traditional financial systems.
Author: Kevin Helms
Source: Bitcoin
Reviewed By: Editorial Team
