7 Spot XRP ETFs Go Live in 12 Days, Price To Hit New ATH
Seven Spot XRP ETFs are set to launch within 12 days on major U.S. exchanges like Nasdaq, NYSE, and CBOE, marking a milestone for Ripple. Major players such as Franklin Templeton, Grayscale, and Bitwise are joining the ETF race. Analysts predict billions in inflows and potential new all-time highs for XRP, potentially rising to $2.90, $3.20, or retesting $3.65. These ETFs will hold real XRP instead of derivatives or futures, catering to both retail and institutional investors.
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Historic Milestone: Spot XRP ETFs Set to Launch
Story Highlights: Seven Spot XRP ETFs are set to launch in just 12 days, marking a historic milestone for Ripple. The approval week has finally arrived for XRP fans, with major U.S. exchanges like Nasdaq, NYSE, and CBOE prepared to list these ETFs. Analysts believe this could propel XRP to reach a new all-time high.
Market Giants Enter the XRP ETF Race
Leading players such as Franklin Templeton (managing $450 billion in assets), Grayscale, Bitwise, and European leaders CoinShares and 21Shares are participating in the XRP ETF race. This introduction allows institutional and retail investors to access Spot XRP ETFs, which hold real XRP instead of derivatives or futures.
Parallels with Bitcoin and Ethereum ETF Success
This development mirrors the excitement seen earlier in 2024, when Spot Bitcoin and Ethereum ETFs were approved. Those approvals resulted in massive inflows and led to record-breaking rallies, setting the stage for similar growth potential for XRP.
Projected Price Targets for XRP
If the momentum continues to build, XRP's price could surge to $2.90, then $3.20, and potentially retest its all-time high of $3.65, according to analysts. This could represent a turning point for the cryptocurrency and its broader adoption.