ETF presentations put XRP in the Care Center
When financial companies launch funds quoted in the stock market (ETF) for cryptography, it points out that an asset is crossing the mainstream from the niche.
Bag (ETF) (ETF) funds (ETF) (BTC) and Ethher (ETH) are already quoted in the USA., Attracting billions of retail institutions and investors who want exposure to have tokens directly.
Now the attention is changing to XRP (XRP), the native digital asset of the Ripple payment network.
On the surface, XRP looks like an unlikely candidate. He spent years fighting the United States Securities and Securities Commission in the Court and does not have the cultural weight of Bitcoin or Ether. Even so, the main asset administrators are submitting ETF requests (and analysts are divided into whether investors would mite).
Nate Geraci, who runs the ETF store and tracks the ETF markets closely, believes that skeptics are underestimating demand. Compare today’s doubts with the early setback against the Bitcoin and Ether ETFs, which faded quickly once billions of dollars began to flow.
This article explores why, despite your luggage and your lower brand power, some funds come to XRP as the dark horse of Wall Street, a file that could surprise the skeptics if the approval of the ETF is presented.
Did you know? In July 2023, an American court ruled that XRP is not security when it is sold in secondary markets.
ETF XRP?
The possibility of an ETF Spot XRP has moved to the attention center as regulators pass through an avalanche of Crypto Fund applications.
At this time, seven presentations of ETF Spot XRP are under review of the SEC, with a solana slightly ahead with eight. In total, there are 92 proposals related to cryptography.
The list of applicants includes big names. Wisdomtree’s request was delayed in August, while companies like 21Shares and Bitwise have submitted multiple amendments established for autumn deadlines, which increases the expectations of a occupied decision season this fall.
The managers established such as Grayscale, Franklin and Canary Capital are in the mixture, but so are the experimentation of Dut’s participants with more complex products, including exposure to XRP based on derivative and derived.
Some emitters even look beyond the simple price monitoring. Amplify, for example, has proposed a background that combines XRP exposure with calls from covered calls to generate performance.
Together, this landfill wave and product innovation is drawing the attention of the entire web3.
Did you know? Ripplenet, Ripple’s Enterprise Network payments that use XRP for liquuidity, is already integrated with more than 70 countries and more than 1,000 financial institutes worldwide.
What is happening in October?
Between October 18 and October 25, 2025, the SEC is governed on six ETF Spot XRP Spot applications.
The calendar is full:
- Gray Scale (October 18)
- 21Shares (October 19)
- Bitwise (October 20)
- Canary (October 23)
- Wisdomtree and Coinshares (October 25).
In addition to the bets, Ripple’s request is also expected to request a letter from the National Bank (under review by the Office of the Mint) decide in the same October window.
If approved, Ripple would be the ability to operate as a federal supervised banking institution, opening payments, custody and regulated services far beyond cryptography.
Why dual results matter together
ETF Bank Charter: Analysts argue that a green light on both fronts could institutionalize XRP not only as invertible but also in essential operation, promoting heavy tickets, credible liquidness and a great narrative rewriting.
ETF only or just letter: even an approval could cause an impulse. The ETFs would legitimize XRP as an investment product, while a bank letter would strengthen confidence in its usefulness. But on his own, Neether would offer the total impact of combined legitimacy.
Approved Nior: A double rejection would give a strong blow to the feeling. Optimism would fade, the adoption of the United States would stop and XRP could be pushed back in speculative territory until new regulatory routes are opened.
XRP, the “dark horse,” he explained
The XRP case as Wall’s dark horse is reduced to the belief that demand is being underestimated.
Nate Geraci argues that “people severely underestimate the demand of investors for spot XRP and Sol ETF,” pointing out the way in which Bitcoin and Ether’s funds disappeared once billions advanced.
The market signals support it. CME XRP futures have already exceeded $ 1 billion in open interest (the fastest growth of any cryptographic derivative contract), which shows a real institutional commitment.
The forecasts for ETF inputs add to the case. The CEO of Canary Capital projects up to $ 5 billion in initial demand, while JPMorgan analysts estimate almost $ 8 billion annually if the approval is obtained.
For the context, investors have already committed $ 380 million in XRP -related ETF products, proof that capital is ready to move on to the asset.
Innovation is also playing a role.
Recall that amplify has requested an ETF that generates income through XRP options, offering a performance -based design instead of a simple price monitoring.
Canary Capital, on the other hand, places XRP together with Bitcoin as one of the rare cryptographic assets that “resonates with Wall Street pros.”
Did you know? In SBI VC Trade, a main Japanese cryptography exchange, XRP was the second most negotiated cryptography in April 2025, on the right Beitcoin; Ether continued behind XRP.
Skepticism and risks
Despite all optimism, skepticism continues with the prospects of ETF XRPS, especially among the largest institutions.
Blackrock, for example, has explicitly refused to follow an eTF of the US spot XRP, citing the “limited interest of the client” and regulatory uncertainty. This reluctance with multinational investment weight services as a reminder that not all industry leaders are still convinced about long -term XRP potential.
Analysts also vary. A strategist warned that launching an ETF XRP could now “mark the beginning of the end”, which suggests that the product could have difficulty delivering durable yields or keeping investors.
Market dynamics feed those doubts. The price of XRP has bouncing on the legs between $ 2.75 and $ 2.88, with more than $ 1.9 billion in liquidations linked to the activity of the changing chain.
However, at the same time, institutional wallets have accumulated almost $ 928 million in XRP. Therefore, there is an uncomfortable balance between speculative rotation and strategic positioning.
Finally, the regulatory clock is far from establishing. While decisions are expected at the end of 2025, delays or denials could generate impulse, the confidence of the abolration and keep the silenced entries.
XRP’s destination depends on the October decisions and the Ripple Bank Charter offer. A victory could push it to the mainstream; A loss can consolidate lasting doubts. Anyway, the next chapter will be decisive.
