XRP is moving closer to mainstream adoption with several exchange-traded funds (ETFs) associated with the token set to launch in the US this month. These launches provide an easy way for both retail and institutional investors to access XRP through a regulated market.
Multiple XRP ETFs set to go live
The lifting of the U.S. government shutdown has paved the way for a flurry of approvals for crypto ETFs, according to Nate Geraci, president of ETF Store. The first to launch is the Canary Capital Spot XRP ETF, which will be listed on the Nasdaq on November 13th.
Several major financial institutions have also joined the lineup. Franklin Templeton is preparing its own XRP fund to go live on CBOE on November 18th, followed by product launches on 21Shares, Bitwise, and CoinShares between November 20th and 22nd. The month ends with Grayscale and WisdomTree, both of which will launch XRP ETFs on the New York Stock Exchange around November 25th.
Initiating institutional access to XRP
Once these funds become operational, US-based institutions will have a direct path to gain exposure to XRP. This could potentially unlock billions of dollars in new liquidity, similar to the inflows seen during the launch of Bitcoin and Ethereum ETFs earlier this year.
CEO Brad Garlinghouse reaffirmed Ripple’s commitment to XRP, calling it the “heart and soul” of the company’s strategy. Garlinghouse said: “We want to build trust, utility, and liquidity in XRP. Every acquisition and new product we launch is designed to strengthen that ecosystem.”
XRP price outlook
A daily close above $2.70 is seen as a trigger for a major rally. Some analysts, including Jake Claver, predict that under extremely bullish conditions, ETF-driven demand could push XRP to between $10 and $20 by the end of the year.
Despite the volatility, XRP remains firmly above the key support near $2. Recent market strength, coupled with improved macroeconomic conditions and increased government activity, has further boosted investor sentiment.
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