News View Non-AMP

XRP ETF News: Institutional Demand Surges Despite Ripple vs SEC Lawsuit

Published by
Qadir AK

The U.S. Securities and Exchange Commission’s (SEC) legal battle with Ripple has been a rollercoaster ride, filled with unexpected twists and turns. However, amid all the drama, a surprising trend has emerged: institutional investors are doubling down on XRP. Recent developments suggest that big players in the financial world are not deterred by the SEC’s actions, but rather, see an opportunity in the potential of XRP.

As Ripple CEO Brad Garlinghouse hinted on X, this itself is a win for the company.

Read on to discover the latest updates on XRP ETFs and the crypto market impact.

21Shares’ XRP ETF Proposal

Leading the charge, 21Shares has applied to launch an ETF called the “21Shares Core XRP Trust.” If approved, this fund would be listed on the Cboe BZX exchange, with Coinbase Custody Trust Company acting as the custodian for its XRP assets. This proposal shows 21Shares’ confidence in XRP-focused investment products, even amid regulatory uncertainty.

New Contenders Enter the Picture

21Shares isn’t the only one in the race. Canary Capital and Bitwise are also planning XRP-based ETFs, a sign that XRP’s appeal is growing among institutional investors. Their involvement underscores broader industry support for XRP, despite the legal challenges Ripple faces.

Institutional Interest Builds Despite Regulatory Hurdles

In his post, Garlinghouse emphasized that more institutional players are looking to invest in XRP, undeterred by Ripple’s ongoing dispute with the SEC. Interestingly, three out of four recent XRP filings were submitted after the SEC appealed a federal court ruling favoring Ripple’s argument that XRP isn’t a security.

Grayscale’s Bold Plans Revealed?!

Adding further momentum, Grayscale Investments is reportedly preparing to convert its multi-asset fund, which includes XRP, into a dedicated XRP spot ETF. This move would mark a major entry into the XRP ETF market by Grayscale, likely drawing even more institutional attention to XRP.

Garlinghouse sees this trend as a win against regulatory opposition, suggesting that the SEC’s actions could ultimately hurt its reputation in the crypto industry.

What’s Next for XRP ETFs?

The growing number of XRP ETF filings shows increasing institutional confidence in XRP, even amid legal hurdles. These developments could mark a new chapter for XRP in the financial market, as institutional interest remains strong despite regulatory pushback.

Do you think the SEC’s legal battle with Ripple will impact the approval of XRP ETFs? Let us know your take.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Recent Posts

Ethereum’s Survival at Risk? Can Ethereum Researcher Dankrad’s 100x Plan Save It?

Ethereum could face big problems if it doesn’t grow fast enough. Dankrad Feist, a researcher…

May 1, 2025

XRP Faces Price Crash Warning, But Experts Say It’s All Part of a Bigger Plan

April has been a turbulent month for XRP, starting at around $2.0897 and experiencing significant…

May 1, 2025

Ethena and TON Team Up to Bring Stablecoins to Telegram Users

Ethena has partnered with the TON Foundation to launch its synthetic stablecoins, USDe and sUSDe,…

May 1, 2025

Why is Virtuals Protocol Price Rising? Can it Reach $5 in Q2 2025?

During the last week of April, the crypto markets triggered a strong recovery, and most…

May 1, 2025

The U.S Will Likely Buy $100 Billion in Bitcoin Soon, Says Sebastian Bea, President of Coinbase Asset Management

Rumors are swirling that the U.S. government could be preparing to make a major Bitcoin…

May 1, 2025

Could the SEC Settle with Ripple Lawsuit Using XRP?

A surprising idea is gaining attention in the crypto world as social media influencer John…

May 1, 2025