Following the SEC’s recent approval of spot Ethereum ETFs, there has been talk regarding the potential for other cryptocurrencies to have comparable investment vehicles. XRP is one of the front-runners, and there are rumours that an exchange-traded fund based on the cryptocurrency may be introduced in the United States early in 2019.
There are differing views on the subject among the XRP community, though. According to a recent social network survey, 33.9% of participants dispute that an XRP ETF would be available in 2025, while 66.1% of respondents think it will.
Some community members are excited about the possibility of an XRP ETF, believing that it would lead to more institutional investment and wider token use. They contend that the market dynamics of XRP may be favourably affected by such a scenario.
https://x.com/Belisarius2020/status/1794294528335294746
On the other hand, detractors, such as well-known XRP supporter Bill Morgan, contest the need for an ETF for XRP. They contend that rather than depending solely on institutional investment, the token’s value should be determined by its usefulness and broad acceptance as a form of payment.
Morgan’s doubts are indicative of a larger discussion over the direction the XRP coin will take in the community. Some contend that an ETF goes against XRP’s original function as a global currency that ought to be freely traded, while others think it may strengthen the token’s standing in the market.
It’s still unclear whether an XRP ETF will launch in 2025 since talks are ongoing. Still, it is unclear if an ETF would actually help XRP or if its worth would follow a different path.
