A new research note from Coinbase Institutional confirms speculation about the upcoming launch of several XRP ETFs, which could significantly impact the digital asset market.
Overview of Crypto ETF Applications
Recently, the SEC has been reviewing over 90 new crypto ETF applications, opening opportunities for XRP and other digital assets. Analyst James Seyffart mentioned that in the coming 12-18 months, we can expect numerous new products, including those tied to XRP.
Dynamics of the XRP ETF Race
Recent amendments in ETF filings indicate that issuers are working closely with regulators. For instance, Volatility Shares submitted an amendment for its proposed spot XRP ETF. These adjustments often represent the final steps before the SEC makes a ruling.
XRP Market and Investor Expectations
Currently, XRP is trading at $2.93, reflecting a solid recovery from early-year volatility. However, history indicates that not all ETFs receive equal enthusiasm. Factors such as fees, liquidity, and the reputation of custodial partners will determine the success of new XRP ETFs.
Coinbase's findings highlight a pivotal moment for XRP and the ETF market. However, the success of new products will depend on execution, investor sentiment, and regulatory actions.
