News
  • Vignesh S G
    author-profile

    Vignesh S G right arrow

    Author

    Vignesh is a young journalist with a decade of experience. A proud alumnus of IIJNM, Bengaluru, he spent six years as a Sub-Editor for a leading business magazine, published from Kerala. His interest in futuristic technologies took him to a US-based software company specialising in Web3, Blockchain and AI. This stint inspired him to view the future of journalism through the lens of next generation technologies. Now, he covers the crypto scene for Coinpedia, uncovering a vibrant new world where technology and journalism converge.

    • 2 minutes read

    XRP News Today: Will XRP Spot ETFs Launch in 2025? Polymarket Says Yes

    • currency-symbol XRP $ 2.11 (-3.54%) top looser
    Story Highlights
    • XRP has seen massive growth and is attracting institutional attention, with some wealth managers holding XRP personally.

    • Anticipation of an XRP Spot ETF in 2025 is high (80% probability according to Polymarket).

    • While institutional interest in XRP, Bitcoin, and Ethereum is growing, wealth management firms face compliance hurdles.

    XRP, the third-largest cryptocurrency by market cap, has been grabbing the spotlight lately for several exciting reasons. The possibility of XRP Spot ETFs launching in 2025 is one of the hottest topics in crypto right now. But that’s not all – XRP’s market has grown by an incredible 395% in the past year alone.

    What’s fueling this positive sentiment? Let’s dive in.

    Everyone is Turning to XRP

    Ryan Rasmussen, Head of Research at Bitwise Invest, revealed that leading institutional investors are closely watching developments in the XRP market. He mentioned that a well-known wealth management team is interested in adding XRP to their clients’ portfolios.

    This team is confident in the future of major cryptocurrencies and personally holds Bitcoin, Ethereum, Solana, XRP, and others.

    2024 has been a strong year for the cryptocurrency market, particularly for Bitcoin and Ethereum. In the past year, BTC has risen by 129.5%, and ETH has grown by 18.9%. Two major events drove these increases: the approval of Bitcoin and Ethereum Spot ETFs.

    These approvals opened the door for more institutional investors to enter the crypto space, helping the overall cryptocurrency market cap grow by 98.13% in 2024.

    Interestingly, bettors on Polymarket predict an 80% chance that XRP Spot ETFs will be approved in 2025. Experts believe that approval would not only benefit XRP but could also boost the entire cryptocurrency market.

    Will Wealth Management Firms Jump In?

    Despite the excitement surrounding XRP Spot ETFs, Rasmussen expressed some uncertainty about whether wealth management firms will adopt these products this year. While Bitcoin Spot ETFs were approved earlier in 2024, many wealth management firms have not yet added these products to their client portfolios.

    XRP’s Future: A Quick Analysis 

    Several institutional players have shown interest in launching XRP Spot ETFs, and the US Securities and Exchange Commission (SEC) is currently reviewing various applications. Additionally, reports suggest that the CME Group plans to introduce XRP futures contracts.

    XRP’s growing interest from institutions suggests a promising future, especially with the potential approval of Spot ETFs and CME’s plans for futures. While wealth management firms still face compliance challenges, the increasing demand for XRP, Bitcoin, and Ethereum in client portfolios shows that crypto is becoming more integrated into traditional finance.

    Never Miss a Beat in the Crypto World!

    Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

    If the SEC approves XRP Spot ETFs, it could significantly drive adoption, benefiting XRP and the entire cryptocurrency market.

    Show More

    Related Articles

    Back to top button