XRP ETF On Horizon As Ripple-SEC Dispute Nears Resolution
By: Isha Das
The cryptocurrency community is abuzz with anticipation over the possible approval of an XRP exchange-traded fund (ETF). This optimism has been fueled by recent developments in Ripple's longstanding legal battle with the U.S. Securities and Exchange Commission (SEC). The conclusion of the case represents a significant step forward for Ripple and could pave the way for regulatory approval of an XRP ETF.
On March 26, Nate Geraci, President of the ETF Store, reignited the discussion around an XRP ETF by suggesting that regulatory endorsement could be nearer than previously anticipated. His insight aligns with the withdrawal of the SEC's appeal against Ripple, potentially signaling a resolution to the dispute. This legal turning point has injected fresh hope into the market, as stakeholders anticipate the possibility of major asset management firms like BlackRock and Fidelity offering XRP-based investment products.
Both BlackRock and Fidelity are renowned leaders in asset management, collectively managing over $15 trillion in assets. Their extensive involvement in the crypto space, particularly with Bitcoin and Ethereum ETFs, makes them well-positioned to introduce similar products for XRP. Nate Geraci emphasized the significance of XRP's market presence, highlighting its status as the third-largest non-stablecoin cryptocurrency by market capitalization. He asserted that it is unlikely the largest ETF issuers would overlook such a major asset, especially one poised to attract substantial institutional interest.
On the heels of this development, users on the Polymarket betting platform have responded with enthusiasm. The probability of an XRP ETF gaining SEC approval by the end of 2025 has surged to 86%, reflecting growing market confidence. The unfolding situation showcases a shift in market sentiment, with many perceiving the resolution of Ripple's legal woes as a green light for broader regulatory acceptance.
Recent actions by Ripple, including the payment of a $50 million fine and the decision not to pursue a cross-appeal, further demonstrate the company's commitment to moving forward. The Chief Legal Officer of Ripple, Stuart Alderoty, confirmed the company's intent to uphold its current operational framework despite regulatory changes. Meanwhile, Chief Technology Officer David Schwartz affirmed that Ripple's core legal strategy would remain unchanged, providing reassurance amid potential regulatory shifts under new SEC leadership.
As the industry watches closely, the imminent resolution of the Ripple-SEC dispute seems poised to alter the landscape for XRP and the broader crypto market. If successful, the introduction of an XRP ETF would mark a milestone in institutional crypto adoption, potentially fostering increased investments and greater market integration.
