In recent years, there has been a significant increase in interest in ETFs providing secure access to cryptocurrencies for institutional investors. This article explores the current state and prospects of such funds.

Growing Number of Crypto-Linked ETFs

ETFs offering access to cryptocurrencies are gaining popularity. BTC and ETH ETFs issued by trillion-dollar asset managers are experiencing billions in inflows and hundreds of millions in trading volumes. However, the question of whether there will be ETFs for altcoins remains.

Prospects for XRP Coin ETF

Following the withdrawal of SOL Coin ETF applications, new XRP Coin ETF filings have emerged from Bitwise and Canary. These submissions, made as legal proceedings continue, may receive SEC approval before case conclusion, potentially extending the appeal process until 2026. The SEC is expected to announce its decision on two XRP ETF applications within the next six months.

Role of Major Financial Players

Canary Capital Group LLC recently submitted the latest S-1 filing. This ETF will hold XRP Coin in its reserves and, like others, will track the spot price. However, details about the transfer agent, custodian, and cash management institution remain unclear. Given that Coinbase has previously provided custodial services for other ETFs, it may also play a role in this scenario. Many giants, including JPMorgan, have been in line for cash management roles for some time.

Institutional investors continue to show interest in crypto-linked ETFs, indicating growing acceptance of cryptocurrencies in traditional financial circles. However, further development requires regulatory approval and the establishment of appropriate infrastructure.