Investors have high hopes for an XRP Spot ETF, viewing it as a potential catalyst for institutional inflows and a sign of growing regulatory acceptance of altcoins. Following the success of Bitcoin ETFs, many expect the new fund to boost liquidity and market transparency. The U.S. Securities and Exchange Commission (SEC) is currently reviewing four more XRP ETF applications, including from Bitwise and Franklin Templeton. However, analysts caution that a powerful XRP rally is not guaranteed.
The first U.S. Ripple ETF debuted in September 2025 with impressive numbers: $37.7 million in first-day trading volume and roughly $130 million in assets under management today. That fund — the REX-Osprey XRP ETF (XRPR) — was approved via a special regulatory pathway and is not considered a direct investment in XRP.
Meanwhile, some issuers are also betting on Ripple (XRP) and Solana (SOL), while industry giant BlackRock remains focused on Bitcoin (BTC) and Ethereum (ETH) only. Robert Mitchnick, BlackRock’s Head of Digital Assets, recently stated that “most altcoins have no real value.”
Firms on the list include: 21Shares, ProShares, Bitwise, Volatility Shares, REX-Osprey, CoinShares, Amplify, and Franklin Templeton.
Over the past seven days, XRP has risen by 10% and stood at $2.40 at the time of writing, according to CoinGecko.