💥 Ripple CEO Signals Major XRP Wave Amid ETF Expansion

$XRP is entering a new chapter as Spot XRP ETFs gain traction, and Ripple CEO Brad Garlinghouse anticipates increased demand for the asset.

📈 XRP ETF Momentum

The debut of Bitwise's Spot XRP ETF on the New York Stock Exchange marks a significant step in institutional adoption. Following Canary’s XRPC ETF on NASDAQ, Bitwise is the second US-based regulated XRP ETF, signaling growing confidence in XRP's regulatory clarity.

Garlinghouse called this milestone a turning point, hinting at broader action:

> “The pre-Thanksgiving rush (shall we say, ‘turkey trot’!) for XRP ETFs starts now.”

💹 Market Implications

Initial trading of Bitwise’s XRP ETF saw $105.36M in inflows, pushing total net inflows to $410.76M. While XRP’s price briefly dipped below $2, this ETF expansion may set the stage for a wider investment wave.

The growing presence of regulated XRP investment vehicles positions XRP among a select group of US-listed cryptocurrencies, enhancing its accessibility to institutional investors.

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