XRP exchange-traded funds (ETFs) are gaining significant traction in the crypto market, with Cboe recently approving the 21Shares XRP ETF under the ticker XR. Ripple CEO Brad Garlinghouse highlighted that XRP ETFs amassed $1 billion in assets within just 17 days of launch.
Analyst Mickle predicts that if the current inflow momentum continues, XRP ETFs could reach $10 billion in assets within a year. He emphasizes that these ETFs provide easier access to XRP through regular brokerage accounts, potentially stabilizing prices and enhancing XRP's financial role. Mickle also notes the evolution of XRP since 2016, with new features on the XRP Ledger contributing to its growing appeal.
XRP ETFs Could Hit $10 Billion in Assets Within a Year
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
