Leading financial firms such as Grayscale, Nasdaq, and CBOE are making confident moves toward launching XRP ETFs. These innovations could significantly change the institutional investing market.
Financial Giants File Applications
Grayscale aims to transform its XRP Trust into an ETF, while Nasdaq is pushing for listings of XRP and Litecoin ETFs by CoinShares. Meanwhile, CBOE has multiple filings in place aiming to list an XRP ETF from Canary, 21Shares, Bitwise, and WisdomTree.
Challenges on the Approval Path
Despite high expectations, the approval process for an ETF isn't fast. Noted pro-XRP lawyer Jeremy Hogan points out that the S-1 registration process can take between eight to twelve months.
Legal Aspects and Market Impact
As for the SEC claims against Ripple, they do not significantly impact the process. Remaining legal matters concern particular sales of XRP, but the key understanding is that XRP itself is not a security.
The crypto ETF market is drawing increased attention from major financial players. Despite potential delays, assets like XRP have every chance of becoming more accessible to institutional investors.
