The U.S. SEC has approved Grayscale ETF with XRP exposure, marking a significant milestone for Ripple and the XRP market amidst past regulatory challenges.
The ETF includes a small allocation of XRP alongside other major cryptocurrencies like Bitcoin and Ethereum, heralding increased legitimacy for XRP in regulated markets.
The approval may pave the way for additional XRP spot ETFs in the future, with analysts anticipating growth in altcoin ETFs after the SEC's acceptance of XRP in a multi-asset ETF.
XRP's price outlook is being closely monitored following the ETF approval, with market participants anticipating potential price growth supported by institutional inflows and positive technical developments.