XRP Ledger’s Dual Utility Could Make It a Breakout ETF Play, Experts Argue
Experts suggest XRP's dual utility on a single ledger positions it for a breakout performance as a spot ETF.Summary
Experts, including Bitnomial CEO Luke Hoersten, argue that the XRP Ledger (XRPL) possesses a structural advantage for a successful spot ETF due to its dual utility: supporting wealth storage via XRP and payments via RLUSD, all on a single ledger. During Ripple's Swell conference, panelists discussed that new SEC rules allow ETF issuers to file a “no-delay amendment,” potentially launching a spot XRP ETF as early as the following week. Bitwise CEO Hunter Horsley noted strong investor conviction for XRP, while Bloomberg Intelligence analyst Eric Balchunas predicted it could be the next breakout ETF, citing its proven popularity. However, the panel cautioned that an ETF launch alone does not guarantee a price surge, though XRP is well-positioned to benefit from the broader integration of crypto into regulated finance.
(Source：CoinDesk)