XRP is gaining renewed bullish traction as investors anticipate the launch of the first spot XRP exchange-traded fund (ETF) as early as next week. Investment management firm Canary Capital confirmed on Nov. 5 at Ripple’s Swell conference in New York that it is preparing to introduce an XRP ETF, following the successful rollout of its HBAR and LTC ETFs. The development has energized the crypto market, signaling a shift toward wider institutional acceptance of digital asset investment vehicles.

Canary Capital CEO Steven McClurg stated:

We just launched our first two ETFs last week and hoping to launch an XRP ETF next week.

Highlighting XRP’s broader market role, McClurg said: “The way to think about XRP is to think about the XRP Ledger, and what that is, is financial rails. Think about it as a competition to the financial system, a competition to Wall Street. It’s the rails and the ecosystem that will help drive global payments.”

Novadius Wealth President Nate Geraci expressed optimism on social media platform X on Nov. 2. He predicted: “Sometime in next two weeks, I expect launch of first spot XRP ETFs.” He noted that the SEC had been litigating against Ripple for the past five years, until three months ago. Noting that the crypto industry has come a long way, he opined:

IMO, launch of spot XRP ETFs represents final nail in coffin of previous anti-crypto regulators.

Bitwise also recently updated its filing for an XRP ETF, indicating confidence in a quick launch and strong inflows following the success of its solana ETF, BSOL. Chief Investment Officer Matt Hougan said the fund could reach $1 billion in assets within months. Analysts expect significant institutional demand supported by renewed optimism and strong backing from the XRP community.

• What is sparking renewed investor interest in XRP?
  Investor enthusiasm is growing around the upcoming launch of the first spot XRP ETF, a milestone signaling stronger institutional confidence in digital asset funds.
• Who is launching the XRP ETF and what is its importance?
  Canary Capital is preparing to introduce the XRP ETF, following its successful HBAR and LTC ETFs, marking a major advancement in mainstream crypto investment accessibility.
• How could the XRP ETF shape institutional investment in digital assets?
  The ETF is expected to draw substantial institutional participation, with projections of rapid asset growth and a broader shift toward regulated crypto investment products.
• What role does the XRP Ledger play in global finance?
  Canary Capital CEO Steven McClurg described the XRP Ledger as a competitive financial infrastructure designed to power global payments and challenge traditional financial systems.

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