XRP ETF Race: Key Funds Awaiting SEC Approval in 2023 | 2025
XRP ETF Race: Key Funds Awaiting SEC Approval in 2023
The cryptocurrency landscape is rapidly evolving, and one of the most anticipated developments is the approval of exchange-traded funds (ETFs) focused on XRP. As of 2023, several prominent asset managers have thrown their hats into the ring, seeking to capitalize on the growing interest in XRP ETFs. This article explores the key players in the XRP ETF race and their respective filings with the U.S. Securities and Exchange Commission (SEC).
Franklin Templeton Joins the XRP ETF Race
American asset manager Franklin Templeton has recently made headlines by filing for a spot XRP ETF in the United States. This move signifies the firm’s commitment to entering the competitive ETF market, which has seen a surge in interest from both institutional and retail investors. Franklin Templeton’s filing is part of a broader trend where traditional asset managers are increasingly looking to integrate cryptocurrencies into their investment offerings.
ProShares Takes a Bold Step
Another significant player in the XRP ETF race is ProShares, which filed for multiple XRP ETF products with the SEC on January 17, 2025. Among these filings is the ProShares XRP ETF, designed to provide investors with exposure to XRP’s price movements. ProShares has a history of launching successful ETFs, and its entry into the XRP market is expected to attract considerable attention from investors.
CoinShares and Grayscale Make Their Moves
In January, the European crypto investment firm CoinShares also submitted an XRP ETF filing, further indicating the growing international interest in XRP as an investment vehicle. Additionally, Grayscale has proposed converting its XRP Trust into an XRP ETF that would trade on the New York Stock Exchange. This move is particularly noteworthy as Grayscale has been a pioneer in the cryptocurrency investment space, and its transition to an ETF could set a precedent for other firms.
Volatility Shares Files Multiple Products
Florida-based financial services firm Volatility Shares, founded in 2019, has also joined the XRP ETF race. On March 7, the firm filed for three distinct XRP ETF products: the Volatility Shares XRP, Volatility Shares 2x XRP, and Volatility Shares -1x XRP. These products aim to provide varying levels of exposure to XRP, catering to different investor risk appetites. The introduction of leveraged and inverse ETFs could attract traders looking to capitalize on XRP’s price volatility.
REX-Osprey and Tuttle Capital Management’s Initiatives
On January 21, asset manager REX-Osprey filed for an “ETF Opportunities Trust,” which includes seven ETFs tracking various assets, including major cryptocurrencies like XRP and Bitcoin, as well as memecoins such as Bonk. This diversified approach could appeal to investors seeking a broader exposure to the crypto market.
Similarly, Tuttle Capital Management has submitted an ETF opportunities trust filing that encompasses ten daily target ETFs, covering assets such as XRP and Melania (MELANIA). These innovative structures aim to provide investors with targeted exposure to specific cryptocurrencies, enhancing their investment strategies.
Remaining Players in the XRP ETF Landscape
While several firms have made significant strides in the XRP ETF race, notable players like Invesco, VanEck, ARK Invest, Fidelity Investments, and Galaxy Digital have yet to file for an XRP ETF. The absence of these major firms raises questions about their strategies and whether they are waiting for regulatory clarity before entering the market.
The Future of XRP ETFs
The ongoing developments in the XRP ETF landscape highlight the increasing institutional interest in cryptocurrencies. As more asset managers file for XRP ETFs, the potential for regulatory approval by the SEC becomes a focal point for investors. The approval of these ETFs could pave the way for greater adoption of XRP and other cryptocurrencies, as they provide a more accessible investment vehicle for the average investor.
In conclusion, the race for XRP ETFs is heating up, with various asset managers vying for SEC approval. As the regulatory landscape evolves, investors should stay informed about the latest developments and consider the implications of these ETFs on the broader cryptocurrency market. For more detailed information, you can read the original article here.
