Donald Trump's social media platform, Truth Social, has filed for Bitcoin and Ethereum ETFs, but excluded XRP. This decision has garnered attention from the XRP community.
XRP Community Reaction
Following the announcement of ETF filings from Truth Social, the XRP community expressed discontent over the exclusion of their cryptocurrency. A notable figure in the community, Cobb, commented:
> "No XRP wtf man [@realDonaldTrump]"
This reflects the sentiments among XRP holders who are awaiting greater recognition from institutional investors.
Current ETF Landscape and XRP
Currently, over 11 XRP ETF filings are pending with the U.S. Securities and Exchange Commission (SEC). Many market observers consider XRP to be a viable candidate for future spot ETFs. Recently, Teucrium launched a leveraged XRP ETF, which has been recognized as their most successful launch to date.
Speculation on XRP’s Exclusion
While the filings for Bitcoin and Ethereum mark a significant step for institutional investors, many in the XRP community believe that XRP's exclusion might be temporary or intentional. Some commentators speculate that a separate ETF focusing on XRP, SOL, and ADA could be forthcoming. The ongoing legal battle between Ripple and the SEC may also influence the perception of XRP. Many participants within the community suggest that institutional support for XRP may depend on resolving current legal hurdles.
The exclusion of XRP from the list of ETFs filed by Truth Social raises several questions and speculations. The XRP community continues to closely monitor the situation, anticipating further actions and possible support from institutional investors.
