The XRP market is on the verge of experiencing a substantial increase in liquidity with the imminent launch of several XRP-based Exchange-Traded Products (ETPs).
These highly anticipated ETPs, scheduled to make their mark on the European market in December 2023, are poised to attract a wider range of investors and bolster XRP’s market efficiency. This development is seen as a pivotal moment in XRP’s journey towards broader institutional adoption.
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XRP ETPs: Forging a Path towards Institutional Acceptance
One of the frontrunners in this space is Valour, a subsidiary of DeFi Technologies, which is set to launch its XRP ETP in December. The XRP community has been abuzz with excitement following this announcement, as market observers and influencers like Zach Rector recognize the potential impact of these ETPs on the XRP market.
It’s worth noting that 21Shares, a leading Swiss fintech company, has already established its presence in this domain with the 21Shares Ripple XRP ETP (AXRP).
Launched back in April 2019, AXRP has successfully bridged the gap between traditional investors and XRP, offering them exposure to the asset through a conventional stock listed on traditional exchanges.
With over $49 million in assets under management (AUM) and a remarkable year-to-date (YTD) return of +69%, AXRP has set a strong precedent for the forthcoming XRP ETPs.
Additionally, Germany-based ETC Group has introduced its own XRP-based product, the ETC Group Physical XRP (GXRP), which provides investors with direct exposure to physical XRP and trades like a regular ETF on European exchanges.
Transforming the Dynamics of the XRP Market
The introduction of multiple XRP ETPs is set to have a profound impact on the liquidity of the asset. These investment vehicles offer institutional and retail investors a secure and convenient means to trade XRP on traditional exchanges, potentially leading to a surge in trading volume.
By providing regulated and secure investment options, ETPs have the potential to attract a diverse array of investors, fostering greater price discovery and broader market participation.
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Calls for a Spot-Based XRP ETF in the United States
Given these developments, members of the XRP community are calling for the launch of a spot-based XRP ETF in the United States, particularly in light of recent legal clarifications surrounding the asset.
This demand has intensified following the revelation of a counterfeit BlackRock XRP ETF filing in Delaware, highlighting the growing interest in regulated XRP investment products.
A New Chapter for XRP
As the XRP market braces for an influx of liquidity, expectations of increased market efficiency and broader investor engagement are at an all-time high. The introduction of these ETPs could mark a transformative phase for XRP, further solidifying its position in the global crypto market and attracting a fresh wave of investor interest.
This development is poised to pave the way for XRP’s wider adoption and integration into the global financial landscape, solidifying its status as a force to be reckoned with in the digital asset realm.
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