Nothing

<p><strong>XRP enthusiasts keep hope of seeing an ETF indexed to this crypto arriving soon. But industry experts are much more circumspect about the rapid materialization of such a financial product.</strong></p>
<h2 id="h-a-mobilized-yet-unheard-crypto-community">A mobilized yet unheard crypto community</h2>
<p>On social networks and community platforms, the fantasy of an XRP-backed ETF remains alive among enthusiasts of the crypto launched in 2012 by <a href="https://www.cointribune.com/en/ripple-quietly-liquidates-100-million-xrp-for-56-million/" target="_blank" rel="noopener noreferrer nofollow">Ripple</a>.</p>
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<p>Some see it as a financial product capable of attracting traditional investors and finally propelling XRP into the big leagues, alongside Bitcoin or Ethereum. A strong symbolic hope for its aficionados.</p>
<p>However, despite their lobbying efforts, financial authorities seem to be turning a deaf ear. The regulatory and competitive context of the crypto ETF market does not plead in favor of XRP.</p>
<h2 id="h-the-sec-vs-ripple-litigation-a-major-obstacle">The SEC vs Ripple litigation, a major obstacle</h2>
<p>One of the main hurdles to <a href="https://twitter.com/Cointelegraph/status/1749948766990569969?t=Q3CJZvR56BUPlT59DW8Kvg&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">approval</a> of an XRP-related ETF lies in the ongoing legal battle between the SEC and Ripple over the very status of XRP.</p>
<p>The American securities watchdog considers XRP an unregistered security, effectively treating it as a financial asset. Ripple disputes this classification, arguing that XRP is a cryptocurrency like any other.</p>
<p>As long as this dispute is not resolved, it seems unlikely that the SEC would greenlight an ETF based on an asset whose very nature is even disputed by regulators. The XRP case appears to be stalled for the time being.</p>
<h2 id="h-priority-given-to-bitcoin-and-ethereum">Priority given to Bitcoin and Ethereum</h2>
<p>Importantly, the SEC and its international counterparts are first focusing on approving ETFs centered on the two giants, Bitcoin and Ethereum.</p>
<p>The challenge is to offer mainstream products backed by proven cryptos, rather than more speculative and volatile altcoins like XRP. Regulators are moving carefully.</p>
<p>Despite their evident interest in the cause, XRP aficionados will likely still need to be patient before their ETF wish becomes reality. Nothing is impossible, but the road ahead seems long.</p>
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<p>Although championed by XRP enthusiasts, a dedicated ETF still faces immediate insurmountable regulatory and competitive obstacles. Amidst legal uncertainties and a focus on <a href="https://www.cointribune.com/en/bitcoin-blackrock-elevates-the-leading-cryptocurrency-to-the-title-of-emerging-asset/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a>, the issue is stalled, despite intense lobbying. Will the constant pressure from its crypto community eventually pay off?</p>

Crypto – The XRP army still waiting for an ETF

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