The race to launch the first XRP exchange-traded fund (ETF) in the United States is heating up as Grayscale, Bitwise, and 21Shares compete for approval from the SEC.
The chances of an XRP ETF receiving approval in the US before the end of 2025 have risen to 81%, fueling optimism within the Ripple community.
Brazil's securities regulator recently approved the world's first spot XRP ETF, causing an increase in the price of XRP.
If approved, a spot XRP ETF in the US could have a significant impact on the cryptocurrency industry as it would introduce XRP to a wide range of institutional and retail investors.