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International Business Times
International Business Times
Business
Marvie Basilan

$XRP ETFs Can Deliver $800M In Week 1 Positive Flows If Approved

XRP SEC ETF Bitcoin Crypto Donald Trump James Seyffart Bitwise Ethereum Grayscale
Representative image of a physical XRP token (Credit: Dmytro Demidko/Unsplash)

KEY POINTS

  • Some industry analysts expect $XRP ETFs to haul in hundreds of millions if approved for trading
  • The projections came as the SEC acknowledged a filing for Bitwise's spot $XRP ETF
  • Bloomberg analysts previously gave $XRP ETFs a 65% chance of getting approved

The U.S. Securities and Exchange Commission (SEC) has acknowledged some filings for XRP exchange-traded funds (ETFs), fueling conversations about what an XRP ETF approval could mean for the broader cryptocurrency market.

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