Is XRP the new Bitcoin? Why Wall Street can’t stop talking about its ETF
Talk of a spot XRP ETF is growing on Wall Street due to streamlined SEC listing standards and anticipated high initial investor demand.Summary
Interest in a spot XRP Exchange-Traded Fund (ETF) is increasing among Wall Street professionals, driven by two main factors: analysts predicting significant initial inflows (potentially over $1 billion) and recent SEC rule changes that have simplified the listing process for spot crypto funds. A spot XRP ETF would hold actual XRP via a custodian, allowing exposure within traditional brokerage and retirement accounts, unlike futures products. While the SEC's generic listing standards have paved the way, approval is not guaranteed, as regulators must still assess market surveillance, custody robustness, and investor protection. Issuers have filed intentions, but the SEC must review manipulation resistance and pricing reliability. If approved, XRP's ETF would serve a distinct purpose from Bitcoin's, focusing on cross-border payments rather than macro hedging, thereby broadening allocation options for financial advisers.
(Source：Cointelegraph)