Interest in the potential approval of a spot XRP ETF in the US has reached unprecedented levels, reflecting growing optimism among investors and market participants.
What Is Driving US XRP ETF Optimism?
Polymarket, a prediction market platform, reported an increase in the likelihood of approval for a spot XRP ETF from 70% to 90%. High trading volumes exceeding $95,000 support market expectations. An ETF approval would simplify access to XRP for investors, removing the need for digital wallets, potentially attracting institutional investors who are usually cautious of direct cryptocurrency investments.
How Does Canada Stand Out in the XRP ETF Arena?
While the US delays decisions, Canada is making strides in the ETF space. Companies like Purpose Investments, 3iQ, and Evolve have successfully secured approvals from Canadian regulators. Notably, Purpose Investments has introduced a zero-fee spot XRP ETF, available until February 2026, attracting significant assets. Canada's regulatory clarity enables the swift introduction of real-world ETF products, while indecision in the US hampers similar advancements.
XRP Prices Defy Market Volatility
Despite fluctuating market conditions, XRP prices remain notably stable. In a short period, long position liquidations surged over 8,466% compared to short positions, leading to $508,000 being liquidated in the futures market. Nevertheless, XRP's price remained stable with only a slight increase of 0.20%, indicating robust support from large institutional investors in the spot market amid growing ETF approval anticipation.
The stability of XRP prices and the growing interest in potential ETF approval indicate strengthening institutional participation and the cryptocurrency's resilience within the broader market framework.
