Surge in Global Interest for XRP Exchange-Traded Fund (ETF)
The global interest in a possible XRP exchange-traded fund (ETF) has seen a remarkable rise, as evidenced by a 733% surge in Google search activity over the last month. This uptick indicates growing curiosity and anticipation around the potential launch and approval of an XRP ETF.
Google Trends Highlight Growing Curiosity
Data from Google Trends reveals a significant increase in searches for the term “XRP ETF,” which escalated from a score of 12 on July 10 to a perfect 100 by August 10. This marks the pinnacle of interest observed in the previous 30 days, according to insights gathered by Finbold.
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Leading Regions in XRP ETF Interest
Canada stands at the forefront of this search activity, followed by the United States, South Korea, Singapore, and Israel. These regions are leading the charge in exploring the possibilities surrounding an XRP ETF.
SEC Legal Case Resolution Sparks ETF Approval Speculation
The surge in attention coincides with rising speculation that an XRP ETF might receive approval sooner than expected. This speculation is fueled by the clarity emerging from Ripple’s prolonged legal showdown with the Securities and Exchange Commission (SEC), which has recently reached a resolution.
The agreement to drop pending appeals between both parties offers regulatory clarity, potentially smoothing the path for ETF approval.
Industry Analysts Optimistic About XRP ETF Prospects
With these developments, industry experts are expressing increased confidence in the likelihood of XRP’s ETF approval. For instance, Eric Balchunas, a Senior ETF Analyst at Bloomberg, has consistently assessed a 95% probability for approval, dismissing recent fluctuations in prediction market odds as negligible.
Furthermore, data from crypto prediction market Polymarket suggests a slight decline in the odds for XRP ETF approval in 2025, currently standing at 77%.
Asset Managers Eyeing XRP Spot ETF Opportunities
Nate Geraci, President of The ETF Store, posits that major asset managers such as BlackRock are now more inclined to pursue an XRP spot ETF. He argues that it seems illogical to restrict offerings to Bitcoin and Ethereum alone, given the growing interest in XRP.
Investor Enthusiasm for XRP ETF Soars
The anticipation surrounding the XRP ETF is also fueling investor excitement. Brazilian cryptocurrency asset manager Hashdex launched the world’s first spot XRP ETF, which ended the last trading session with a nearly 7% increase at $5, marking over a 40% gain since its inception in April.
In the short term, XRP has faced some losses, dropping approximately 4% over the past 24 hours to $3.21. However, the asset has seen a more than 12% rally in the past week alone.
The potential approval of an XRP ETF is likely to attract significant capital into the asset, positioning it to target new highs around the $5 threshold.
