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Fenelon L.
After the historic approval of spot Bitcoin ETFs, the crypto market could soon welcome a major new investment product. WisdomTree, Bitwise and Canary Capital have filed applications to launch a spot XRP ETF, as Ripple’s native token sees a spectacular rise of more than 400% in the past month.
A race for crypto ETFs that intensifies
WisdomTree, one of the asset management giants, has just joined the XRP spot ETF race alongside Bitwise and Canary Capital. The Bank of New York Mellon was appointed as trustee of the proposed trust, bringing its institutional credibility to the project.
This initiative comes in the wake of the resounding success of spot Bitcoin ETFs, launched in January 2024, which have established themselves as one of the fastest growing financial products in history.
The timing of these requests is not trivial, as XRP recently regained its position as the third crypto by market capitalization, behind bitcoin and Ether. This renaissance comes after years of stagnation, mainly due to the legal conflict with the SEC.
The market is already speculating on the potential impact of an XRP ETF, building on the example of Bitcoin ETFs which helped propel the price of the first crypto to new heights.
A regulatory context that is finally becoming clearer
The announcement of Gary Gensler’s departure from the presidency of the SEC in January 2025 caused an immediate 36% increase in the price of XRP. This change at the head of the American regulator suggests the possibility of a favorable resolution of the dispute between Ripple and the SEC for several years.
Arthur Azizov, PDG of B2BinPay, souligne que « le XRP experienced an accumulation phase for almost three yearss” and that this long period of consolidation could portend a significant increase. The prospect of a more favorable regulatory environment, combined with the “immense potential” of the project, could allow XRP to surpass its all-time high from 2017.
The expected appointment of a new SEC chairman by Donald Trump, who has close ties to the crypto industry through his NFT projects and his World Liberty Financial platform, could accelerate this positive dynamic.
Market observers see this change in leadership at the SEC and the ETF applications as catalysts for a possible Ripple IPO, marking a new stage in the maturation of the crypto sector.
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Fenelon L.
Passionate about Bitcoin, I like to explore the intricacies of blockchain and cryptos and I share my discoveries with the community. My dream is to live in a world where privacy and financial freedom are guaranteed for everyone, and I firmly believe that Bitcoin is the tool that can make this possible.
