Experts believe that the recent legal victory of Ripple Labs against the U.S. SEC clears the path for an XRP exchange-traded fund (ETF) in the United States.
Nate Geraci, an ETF analyst, predicts that major financial institutions like BlackRock and Fidelity will likely apply for XRP ETFs now that the legal uncertainties have been resolved.
XRP's large market cap and value of over $144 billion make it an attractive asset for the largest ETF issuers in the country, according to Geraci.
Judge Analisa Torres ruled in 2023 that Ripple's programmatic sales of XRP did not violate securities laws, setting the stage for the conclusion of the legal battle between Ripple and the SEC.