2024 saw an astounding 2,433% increase in investments directed towards XRP-related products, totaling a significant $438 million. Compared to the previous year, the growth was substantial but less dramatic, with inflows climbing from a modest $9 million in 2022 to a still impressive $18 million by the end of 2023.
A year from now, data from CoinShares indicates that XRP-centric ETPs are managing a total of $929 million in assets. This significant increase positions XRP as the third most popular altcoin regarding investments in Exchange-Traded Products (ETPs).
As a crypto investor, I observed a significant surge in interest towards XRP following Ripple’s legal tussle with the SEC. This battle provided much-needed clarity that XRP is not classified as a security. For me and many others, this clarification was pivotal because it eliminated a long-standing uncertainty that had been deterring numerous investors, particularly institutional ones who are cautious about investing in assets amidst regulatory ambiguity.
Initially, the price shift commenced due to investors predicting potential adjustments in U.S. policies. With Gary Gensler set to depart from his role as SEC Chairman within fortnight, there’s an anticipation among market participants that a new leader will usher in more advantageous circumstances.
With excitement building, talks about the potential launch of an XRP exchange-traded fund (ETF) in 2025 have gained traction. In fact, several applications are currently being developed. Bitwise was the pioneer in October, with Canary Capital, 21Shares, and WisdomTree quickly joining the fray soon after.
As a researcher exploring investment opportunities in the digital asset sphere, I’ve discovered an intriguing avenue: Exchange-Traded Funds (ETFs) that enable investors to reap the rewards of XRP without needing direct ownership. This setup offers a hassle-free and regulated means for individuals to engage with the market. With XRP seeing increased inflows and the regulatory landscape becoming clearer, this structure could spur broader adoption and expand the user base. If approved, 2025 might just be a pivotal year for XRP.
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2025-01-06 18:31