XRP's Rally: Uphold's ETF Hint and the Future of Ripple's Investment Landscape

Mar 13, 2024

Recent surges in XRP's price have sparked optimism within the cryptocurrency community, particularly fueled by speculation about the potential launch of an XRP Exchange-Traded Fund (ETF). Martin Hiesboeck, Head of Research at Uphold Exchange, highlighted the positive developments surrounding XRP since a regulatory clarity ruling last year, suggesting that an XRP investment product could be imminent. Uphold's assertion aligns with increased development within the XRP ecosystem following a victory ruling in July 2023, including the introduction of passive income opportunities for XRP holders and expanded cross-border payment services by Japan-based financial giant SBI. While the possibility of a U.S.-listed XRP ETF remains uncertain, Ripple CEO Brad Garlinghouse and other industry experts have expressed optimism about its eventual emergence. In the meantime, other countries have seen the introduction of alternative XRP investment vehicles, such as an XRP Exchange-Traded Product (ETP) listed on the Swedish Stock Exchange.