The idea of an XRP-based stock-based background (ETF) gains more and more strength.
Above all, after approval by the US Stock Exchange and the Securities Commission (SEC). Combined ETFs including XRP With Bitcoin (BTC), ethher (eth), solana (sol), and cardano (ada).
It is true that it is not a financial product based solely on Ripple Labs’ cryptocurrency, but its existence opens the door and ensures that the SEC approves the XRP ETF.
But will this be the first step towards the background of exclusive XRP cash? Or is it as close to Ripple’s cryptocurrency that has its own product on Wall Street?
As reported by Cryptonotics, Bloomberg Intelligence Analysts James Seyffart and Eric Balchunas shared predictions about the possibility of approval of new ETFs based on US cryptocurrencies.
According to their estimates, there is a 95% chances of XRP ETF approval By October 17, 2025, in that sense, Seyfert said, “A new wave of ETFs is expected in the second half of 2025.”
As can be seen in the image, the Canary capital, 21 shares, Bitwise, Grayscale, Wisdom Tree, Franklin Templeton, Coinshare are companies that have submitted requests to the SEC to list these financial products.
ETF approval represents Ripple Labs’ new financial milestone. In addition to increasing the visibility of XRP between institutional and retail investors, it could also enhance the liquidity of its ecosystem.
It is true that we focus on what is happening in the US, the leading global financial strength, but we should remember that Brazil became the first country to launch a fund. spot XRP (cash). As reported by Cryptonotics, a financial product issued by HashDex companies and managed by outstanding research that debuted in the market on April 26th. Its name is the Hashdex Nasdaq XRP Index Fund (XRPH11) and is available in the Brazilian Stock Expesi Expesi (B3). The fund replicates the performance of the Nasdaq XRP (NQXRP) index, designed to reflect the prices of cryptocurrency developed by Ripple Labs.
For that part, the XRP ETF was also released in Canada. Products managed by purpose investments have been approved by the Ontario Securities Commission and have begun citing on the Toronto Stock Exchange. This is a fund that provides direct contact with cryptocurrency cash through regulated equipment.